On the other side, if you see the department has asked some of the top 10 consultants, amongst which Accenture is also one of them, to cut down the consultancies and the expenses. So, there is a double-pronged impact and the cascading effect of that will also be there on Indian IT companies.
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,