RBI’s 25-bps rate cut, its first in five years, pressures private banks’ NIMs while public banks remain stable. NBFCs may see funding relief, but liquidity challenges persist. Analysts predict a shallow rate-cut cycle with regulatory shifts benefiting financial institutions.
European shares close at record high driven by defence stocks
European stocks hit a record high Friday, buoyed by defence and insurance sectors, ending the year on an optimistic note. The STOXX 600 index saw