The net profit of banks on an average jumped by 66 percent in the July-September FY24 quarter. NIMs of some major banks contracted in the reporting quarter
Moneycontrol s analysis of data from 14 banks shows that five of the seven top lenders which have declared their quarterly results posted a higher level of write-offs compared to the previous a year. Banks may now start working on maintaining business flows, experts say
Analysts highlight that amidst strong growth there is a need to keep an eye on the asset quality, treasury income, retail loan portfolio, net interest margin and recoveries by banks.