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Equity indices in green ahead of RBI policy announcement
TIWN
Equity indices in green ahead of RBI policy announcement
PHOTO : TIWN

Mumbai, Aug 6 (TIWN) The key Indian equity indices traded on a positive note on Thursday ahead of the Reserve Bank of India's monetary policy announcement later in the day.

Canara Bank reported a mixed set of numbers, advances grew 3.3 percent YoY sequentially marginally declined. PAT at Rs 406 crore against loss of Rs 605 crore for the same quarter previous years. Moratorium Book at 22 percent. NIM at 2.84 percent which improved YoY and QoQ, CASA increased 240bps to 33.8 percent, Deposits grew 4.56 percent YoY, and marginally improved QoQ. Key monitorable for Canara bank would be moratorium number at the end of August, and when the return on equity improves.

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