Banks have parked a record ₹4.52 lakh crore in the RBI’s Standing Deposit Facility (SDF) at 5% overnight. This strategy allows them to borrow funds at lower rates, around 4.27% from the TREPS market and earn a significant spread by depositing with the central bank. This reflects substantial surplus liquidity in the banking system.
Varun Beverages shares jump 3% after Q1 PAT rises 15%, revenue grows 20%
Varun Beverages reported a 15% profit and 20% revenue increase in Q1 FY2027. Consolidated sales volumes grew by nearly 20% driven by India and international