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Bank Profits Surge in Q3
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Singapore Banks' Q3 Profit Rises
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Singapore's largest bank, DBS, reports a 17% increase in Q3 profit, beating forecasts, while State Bank of India sees a 9.1% rise in Q2 profit. DBS attributes its growth to higher interest rates and expects steady earnings next year. BoM, a public sector bank in India, leads in Q2 deposit and advance growth.
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How might the surge in bank profits affect consumer lending and borrowing in Singapore and India?
How might the surge in bank profits impact the global financial market?
What factors contribute to BoM's success in Q2 deposit and advance growth?
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