Indian banks anticipate strong profitability in the third quarter. Falling deposit rates and Reserve Bank of India’s liquidity measures will support net interest margins. Credit growth remains robust, especially for large lenders. Stable asset quality and fee income will also contribute positively. Analysts foresee steady margins and improved profitability driven by loan growth and lower credit costs.
LME approves Adani’s major copper smelter in India as listed brand
The London Metal Exchange has approved Adani Copper for delivery against its contracts, enabling warrant issuance from July 10. Produced by Adani Enterprises’ Kutch Copper