Reserve Bank of India’s unexpected rate cut may boost bank earnings. Analysts predict net interest margins will recover faster than expected. The CRR reduction should soften the impact on margins. It will also improve liquidity. Experts believe this is more beneficial for banks than NBFCs. The rate cut may initially pressure margins.
Japan’s Nikkei hits record high as chip-related shares jump
Japan’s Nikkei stock index reached a new record high today. Chip-related stocks drove the gains, overshadowing declines in financial and other sectors. This surge mirrors