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Cryptocurrency News Articles
ICICI Bank dethrones HDFC Bank on every financial metric. A power shift underway in Indian banking?
Apr 23, 2025 at 01:51 pm
We would like thorough investigation: Congress Leader Ghulam Ahmad Mir on Pahalgam terror attack
The Indian Express reports that ICICI Bank has dethroned HDFC Bank on every financial metric in the first quarter of 2024, marking a potential power shift in the Indian banking sector.
The report highlights how ICICI Bank achieved a higher net profit, beat analysts' estimates, and witnessed a larger quarter-on-quarter increase in profit compared to HDFC Bank.
Moreover, ICICI Bank's provisions for bad loans and total revenue surpassed those of HDFC Bank.
This development comes as the Indian stock market is experiencing a rise, while FMCG stocks saw a decline.
In other news, the price of gold went down today, with the rate of the yellow metal in the Indian capital being Rs 54,000/10 g.
Furthermore, Congress Leader Ghulam Ahmad Mir expressed the need for a thorough investigation following the Pahalgam terror attack, as local newspapers in Kashmir went black in tribute to the lives lost.
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