Former RBI Deputy Governor R. Gandhi suggests the Reserve Bank of India is adopting a cautious approach due to rising inflation and concerns about tariffs. The RBI expects inflation to remain above 4% in the coming quarters. This cautionary stance explains the decision to hold rates, reflecting the Monetary Policy Committee’s readiness to act based on incoming data.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.