Bankers said the move will delay margin recovery since they cannot cut deposit rates sharply due to stiff competition from alternative investment avenues such as mutual funds.
Shares of fertiliser companies rallied up to 13% on Tuesday after Russian President Vladimir Putin assured India of uninterrupted fertiliser supplies amid the West Asia
The Indian stock market will remain open on August 26 despite Eid-e-Milad, with the BSE and NSE observing only a settlement holiday. Trading will continue
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