In a regulatory filing, the company said the increase was primarily driven by one-time income of ‘148 crore from regulatory order in the transmission business (a net positive impact of ’21 crore after adjusting for a provision of ‘131 crore (net of tax ‘101 crore) and aided by a mid-term true-up order by the regulator in AEML.
What does a rate cut after 5 years mean for the economy? Dinesh Kumar Khara explains
Dinesh Kumar Khara emphasizes that the adoption of the repo rate as an external benchmark by banks will ensure quick transmission of policy rate changes