Starting on an optimistic note to being engulfed by economic uncertainty has been tumultuous journey for banks in the April-June 2008.
Banks' profit in the first quarter may grow by an average 10 per cent due to the shrinking margins and a rise in provisioning for bonds and bad loans, according to analysts.
The income may rise at a slower pace of 17 per cent as measures by the Reserve Bank of India curbed the growth in consumer and corporate loans.
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