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VERIFIEDEconomic Times News·positive
Banks defy Treasury drag, clock double digit profit growth in July-Sept quarter
AI Summary
- ·Indian Bank, UCO Bank, South Indian Bank, and Karur Vysya Bank reported double-digit profit growth in the July-September quarter.
- ·Core income and loan expansion supported the profit growth for these banks.
- ·Rising bond yields negatively impacted treasury earnings, while asset quality and provisions influenced quarterly performance.