Following weak US jobs data, the likelihood of an RBI repo rate cut has grown, fueled by anticipation of a potential Fed rate cut in September. Despite some traders leaning towards a rate cut, the RBI’s Monetary Policy Committee is expected to maintain a pause with a neutral stance.
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.