|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
: U.S. bank earned $42.2 billion in the April-June quarter, the highest ever for a quarter. About 54 percent of U.S. banks reported improved earnings from a year earlier.
LOWER LOSSES: Losses from bad loans tumbled 30.7 percent from a year earlier to $14.2 billion, the lowest in six years.
INTEREST RATE CONCERN: A recent spike in interest rates could have a mixed impact on banks. High rates make it more expensive for banks to borrow. But they also enable banks to charge more for loans.