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Here are the top stories this afternoon:

Adani Wilmar crashes as high-cost inventory hits profits, crimps margins

The share price of Adani Wilmar fell 2 percent in the morning trade on November 3 after the FMCG company posted a 73.3 percent on-year decline in consolidated net profit. The company's post-tax profit came in at Rs 48.7 crore in the quarter ended September 2022 against Rs 182.3 crore in the same quarter last fiscal.

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Yes Bank, RBL Bank bullish on growth path, target 15% rise in credit this year

Private lenders Yes Bank and RBL Bank are aiming for a 15 percent loan growth for this financial year. Speaking at the annual banking conference on November 3, RBL Bank MD and CEO R Subramaniakumar said the bank was performing better and "we have to ensure the growth path is well laid out"