Write-off gains, other income buoy banks in a dull June quarter - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Write-off gains, other income buoy banks in a dull June quarter

The trend is the same for both large and small banks. For example State Bank of India (SBI) reported a 24% rise other income to Rs 11,803 crore led by a 21% rise in fees and a Rs 1,692 crore recovery from the written off Kingfisher Airlines' account which has increased the proportion of other income to 15% of total income from 11% last year.

from Stocks-Markets-Economic Times
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