Banking Profits Surge Amid Growth and Challenges

Singapore's largest bank, DBS, beats forecasts with a 17% increase in Q3 profit, leading the pack in deposit and advance growth. State Bank of India reports a 9.1% rise in Q2 profit, driven by higher income and lower provisions, and leads in credit growth. BoM in India leads in Q2 deposit and advance growth, with the aviation sector rebounding. Bank of Baroda reports moderate credit growth, with the aviation sector rebounding and the jewelry sector showing significant growth. UOB in Singapore reports a 5% increase in Q3 profit, driven by higher lending and strong fee income from wealth and credit cards.