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Banking Profits and Fines
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Singapore's largest bank, DBS, reports a 17% increase in third-quarter profit, beating forecasts. State Bank of India (SBI) sees a 9.1% rise in quarterly profit, driven by higher income and lower provisions. BoM leads in Q2 deposit and advance growth, with the aviation and services sectors rebounding. Bank of Baroda reports moderate credit growth, particularly in the aviation and services sectors. RBI fines Mumbai bank for levying extra charge on ATM cards.
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How might the strong performance of DBS and SBI impact the competitiveness of other banks in Singapore and India?
What are the potential consequences for banks facing penalties for non-compliance, like the Mumbai bank?
What factors contributed to the rebound of the aviation and services sectors in BoM and Bank of Baroda?
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