The positive momentum in the country’s markets helped their case. Some big names on the list include IndusInd Bank, Hindustan Aeronautics, Titan, Ultratech, Kotak Mahindra Bank, and Indian Oil Corp. In contrast to the three consecutive months of decline beginning in January, the S&P BSE Sensex index gained approximately 2% in May 2023, helped by consistent FII buying despite mixed global cues.
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,