Indian Banks and Finance Companies Report on Q1 Performance

Several financial companies have released their quarterly reports.

Canara Bank believes it will grow its loans by more than 12% this year.

Shriram Finance made more profit than last year because it made more loans, especially to small businesses.

However, its stock price dropped slightly after the announcement.

Sundaram Home Finance made a bit less profit compared to last year, even though they made more loans.

They are also expanding into new areas.