Profit and profitability
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Bank profits have gone from bad to worse.
The latest: According to financial regulator (NFRA) data published Friday, in Q1, banking sector profits grew a measly 0.07% compared to a year earlier.
In Q1 2023, profits were up 1.3% y/y, and in Q1 2022 they expanded 7.4% y/y.
Meanwhile, commercial bank...