Private sector lender Federal Bank posted a 54% rise in its profit at ₹804 crore in the third quarter ended December 2022 (Q3FY23), on higher net interest income and improved asset quality. The bank had posted a net profit of ₹522 crore in the same quarter a year ago. The bank’s net Interest Income (NII), […]
Maruti Suzuki Hikes Car Prices Across All Models From Today
Bengaluru: India’s top carmaker Maruti Suzuki on Monday said it was raising prices by an average 1.1% across its models, with effect from Jan. 16, prompted by cost pressures. In December, Maruti had said it would have to raise prices in January to pass on the impact from high inflation and cost pressures. In December, […]
Interest rates may stay higher for longer: Das
Reserve Bank of India (RBI) governor Shaktikanta Das stated on Friday there may be the opportunity of hobby charges staying better for longer, the arena over. “If the geopolitical conflicts continue, it can be a scenario of `excessive for long` with reference to hobby charges international over, now no longer simply the US,” Das observed. […]