|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
: 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.