On credit offtake, Khara said, “we are observing that credit growth has been very broad based. We are seeing a health trend and are quite hopeful it will continue going forward as well.”
Despite posting better profits, the bank’s share closed 1.77 per cent lower at Rs 576.10 on the BSE on Thursday even as the Sensex closed 0.21 per cent down at 61,431.74. Here is why
Most banks reported higher profits, buoyed by a rebound in credit demand as the economy reopened fully and low interest rates boosted spending on automobiles and homes.