Bank's operating profit jumped to Rs 3,652 crore, up by 74 per cent year-on-year (YoY) and by 8 per cent sequentially
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Total Business of the Bank reached Rs 369581.25 crore registering a growth of 16.89 per cent as on 31st December 2022
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Climate trends have a direct bearing on the economy and resultantly have an impact on financial institutions and systems, said Rajeshwar Rao, Deputy Governor, Reserve Bank of India
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The Monetary Policy Committee (MPC), consisting of three members from the RBI and three from outside, raised the policy rate, or repo rate, to 6.25 per cent by a majority decision
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The MPC raised the key lending rate or the repo rate to 6.25 per cent in a majority decision
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The central bank's outlook, which will accompany the rates decision, will be an important pointer to future policy moves
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The amount raised through bonds will be utilized in enhancing long-term resources for funding infrastructure and the affordable housing segment
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The expectations for a more modest rate rise follow a series of 50 basis point hikes by the RBI, and coincides with expectations that the US Federal Reserve will shift to smaller rate rises at its policy meeting this month
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The bank will open more than 550 new branches across the country in this fiscal.
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In the quarter ended September 2022, total operating income grew 53.97 per cent to Rs 993.18 crore from Rs 645.04 crore in the previous quarter ended September 2021
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