I think Uday (Kotak) is the best candidate to acquire Yes bank. You need deep pockets, Uday has that, said SBI's Rajnish Kumar.
Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers.
Net profit rose 17.24 billion rupees for the three months to September 30, compared with 11.42 billion rupees last year.
Growth slips below long-term trend of 6.6 per cent for 2 qtrs.
Banks need to commensurately transmit rate cut benefit in lending, said an official release.
The bank’s net interest margin (NIM) too expanded to 4.49 percent and was highest in last 17 quarters.
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