PSBs clock 9% rise in profit to Rs 15,306 crore in April-June

Of the total 12, three lenders - State Bank of India (SBI), Punjab National Bank (PNB) and Bank of India - reported fall in profits ranging from 7-70%. Decline in profit by these lenders has been attributed to Mark-to-Market (MTM) losses due to hardening bond yields.

from Banking/Finance-Industry-Economic Times https://ift.tt/M7dbyra