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Result Analysis – HDFC Bank

HDFC Bank 1QFY 20 Result 1QFY21 4QFY20 1QFY20 QoQ (%) YoY (%) Net Interest income 15665 15204 13294 3.0% 17.8% Other income 4075 6033 4970 -32.5% -18.0% Operating expenses 6911 8278 7117 -16.5% -2.9% Pre-Provision profit 12829 12959 11147 -1.0% 15.1% Provision 3892 3784 2614 2.9% 48.9% Profit before tax 8938 9174 8534 -2.6% 4.7%…

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Result Analysis: Axis Bank

Particulars (In Cr.) 1QFY21 4QFY20 1QFY20 QoQ % YoY% Interest earned 16539 16234 15255 1.9% 8.4% Interest Expended 9554 9426 9411.3 1.3% 1.5% Net Interest Income 6985 6808 5844 2.6% 19.5% Operating Profit 5844 5851 5893 -0.1% -0.8% Provisions 4416 7730 3815 -42.9% 15.8% Net Profit after tax 1112 -1388 1370 181.2% -18.8% Deposits 628150…

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Weekly Market View – 18th July 2020

Indian Market Outlook: The Key benchmark indices rose over 1% over the week. This is the fifth straight week that the Indian market ended with gains. Nifty ended the week 1.24 percent higher at 10902 points while Sensex ended 1.16 percent higher at 37020 points. The mixed performance was seen from the broader market space.…

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India Trade Data June 2020

India registered a trade surplus for the first time in more than 18 years with the balance in June turning in the country’s favour at $790 million. Merchandise exports plunged 12.4% and imports fell 47.6% in June. In May, merchandise exports and imports had declined by 36.5% and 51.1%, respectively. Exports – Exports of 12…