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Banking Sector Performance
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Overview
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SBI reports a 9.1% increase in profit, driven by higher income and lower provisions, while BoM leads public sector banks in Q2 deposit and advance growth. Bank of Baroda reports moderate credit growth, with aviation and services sectors rebounding, while RBI fines Mumbai bank for levying extra charges on ATM cards. ICICI Bank profit rises more than expected on retail loan demand.
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How might the banking sector's performance impact the overall Indian economy?
What factors contribute to the rebound of aviation and services sectors in the banking sector?
What measures can banks take to ensure compliance with regulatory guidelines?
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