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Fino Payments Bank Q3 results: The lender's average deposits grew 42 percent from Rs 955 crore in the reporting quarter to Rs 1,358 crore in the corresponding quarter last year.
What stood out as a sore thumb was the 18 percent contraction in tractor loans and 47 percent fall in loans to small businesses. While the fall in small business loans is perhaps partly by design, a sharp contraction in tractor loans does not augur well for the company
All Nifty sectoral indices were trading in green, with pharma, auto leading the pack. Nifty Bank, PSU bank, metal, energy and FMCG indices were trading up to a percent higher
Total income declined to Rs 1,558.58 crore during the October-December period of this fiscal year from Rs 1,933.11 crore in the corresponding period of the previous year, according to a regulatory filing.