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Small finance banks faced profitability pressures in the second quarter due to higher credit costs and expenses. AU Small Finance Bank saw a dip in net profit, while Ujjivan and Jana reported significant drops. Lenders expressed confidence in improving credit quality from unsecured business in the coming quarter.
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In what it calls a strategic branch optimization, BMO also plans to open 150 banking locations over the next five years, with a focus on expanding in California.
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News and Media
President Trump intervened in the talks calling the deal a "green scam".
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News and Media
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