Monetary Policy Committee’s Shashanka Bhide, whose term is about to end, highlighted concerns regarding potential shifts in international commodity prices due to ongoing domestic food price pressures. He noted mixed trends in private investment and recent rises in real interest rates due to lower inflation. Bhide appreciated policy coordination within the MPC amidst significant challenges during his tenure.
Yes Bank shares rise 3% after Q2 business update shows loans surging 24% YoY, deposits up 20%
Yes Bank shares rose after the lender reported a 23.8% YoY growth in loans and advances to around Rs 3.1 lakh crore in Q2 FY27.