Hikes this year to combat inflation will only lift net interest margins. The agency also added that banks' profitability would be reduced by losses on government securities holdings.
V. Anantha Nageswaran says he is surprised by Fed's hawkishness in hiking rates. With US inflation hitting 4-decade high in February, Fed raised rates in March and plans more hikes.
India's richest civic body’s outlay is 8.77% higher than last year’s, with the biggest allocation being made for infra growth. BMC also proposed an AI boost to its service delivery.
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