Standard Chartered Bank had already withdrawn its August rate hike forecast following the last policy review. ET’s interactions with bank economists and a review of research reports show that most institutions now expect the RBI to remain on hold through FY27, while some believe any rate hikes would be back-ended later in the year as the central bank prioritises growth over inflation management.
Protection business boosts HDFC Life, ICICI Pru Life Q1 earnings
HDFC Life and ICICI Prudential Life saw healthy profit expansion in the June quarter. Steady premium growth and stable new business margins drove these positive