Margin is seen at 10.9 per cent as against 10.8 per cent in the year-ago quarter. Analysts are expecting healthy growth in the June quarter due to a large order book, weak base and healthy infra pipeline. Management guidance on order inflows, execution and tender pipeline will be key monitorables.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,