There is indeed a shortage, and discounts have virtually disappeared, not just for air conditioners but also for refrigerators and air coolers. Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing.
Banks look to shift focus to MCLR-linked loans ahead of rate cuts to protect margins
Amid expectations of a softer rate cycle, several banks plan to raise the share of MCLR-linked loans to protect net interest margins from falling sharply
February 7, 2025