Its total income stood at ₹3,002.8 crore, down 7.6% from the comparable quarter of the previous financial year. Piramal Enterprises said it has substantially enhanced its liquidity position and strengthened its balance sheet

SBI is expected to post an April-June NII of ₹24,356 crore, up 6.2% y-on-y, according to Motilal Oswal Securities analysts A 7 July Credit Suisse note said April-June earnings will tell “widening growth divergence among various lenders”

SBI’s net interest income rose 16% on a y-o-y basis to ₹26,641.5 crore SBI’s total deposits rose 16% y-o-y to ₹34.19 trillion and its total advances rose 7.6% y-o-y to ₹22.98 trillion

Profit was boosted by a one-time gain of ₹1,539.73 crore from a stake sale in SBI Life

The economic repercussions of the Covid-19 pandemic have worried Indians lining up to pawn their gold jewellery for cash, leading to a surge in gold loans by companies such as Muthoot Fincorp Ltd and Manappuram Finance Ltd. While a large number of borrowers continue to avail of these loans to tide over immediate cash shortages, many lenders are moving away from unsecured credit to gold loans, which provides adequate risk cover against any future default, industry experts said. The drying up...