For instance, in FY22, the mutual funds’ proportion of votes against resolutions put forth by the companies was 4.85%, the highest in over a decade, according to data compiled by primemfdatabase.com. In the period between April and June of 2022, their proportion of voting against was 5.87%. In FY21, 2.97% of votes were against compared to 3.83% in FY20.
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,