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Banking Sector in India: Profits, Growth, and Penalties
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Overview
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State Bank of India reports a 9.1% increase in quarterly profit, with higher income and lower provisions. BoM leads public sector banks in Q2 deposit and advance growth. Bank of Baroda experiences moderate credit growth, with certain sectors showing resilience and growth. RBI fines Mumbai bank for levying extra charge on ATM cards. ICICI Bank reports a rise in profit driven by strong demand for retail loans in India.
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How might the increase in profits at State Bank of India impact the Indian banking sector?
What are the implications of the RBI fining the Mumbai bank for charging extra fees on ATM cards?
What factors contributed to the resilience and growth of certain sectors in Bank of Baroda?
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