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Fag-end selling drags markets down

Fag-end selling drags markets down

Benchmark indices Sensex and Nifty pared early gains to close lower for the seventh straight day on Thursday, dragged by fag-end selling in select IT and banking shares and foreign fund outflows. Photograph: Danish Siddiqui/Reuters The 30-share BSE Sensex dipped

Private sector banks’ credit costs up in Q3FY25 on higher provisions

Private sector banks’ credit costs up in Q3FY25 on higher provisions

Private sector banks that announced their earnings for the October-December quarter (Q3) of 2024-25 (FY25) reported a rise in credit costs due to higher provisions, mainly for unsecured retail loans. Axis Bank, Kotak Mahindra Bank, and RBL Bank, which announced