Profit from misery

In the previous two quaters, there has been an uniform improvement in the in the fortunes of major Indian banks. Profitability in the banking sector has increased while losses were recorded in other sectors. Banks like State Bank of India, HDFC bank have reported a jump in net profit while weaker banks like UCO Bank, IDBI Bank, Yes Bank, have shown a huge upswing in fortunes.  

 

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