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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
Most banks have also seen a sharp rise in retail loans. The rise was between 12-50% percent across banks. Banks reported 30-100% growth in net profit almost in line with or above the estimates of brokerage firms.
Total income of the bank in the January-March period of 2021-22 rose to Rs 22,323.11 crore, from Rs 21,040.63 crore in the same period of 2020-21, Canara Bank said in a regulatory filing.