Consolidated crude steel production for the quarter stood at 6.43 million tonnes, higher by 11% YoY and lower by 2% QoQ. The company had taken certain scheduled shutdowns at Indian operations during the quarter, hence the average capacity utilisation for Q1FY24 was 92% compared to 96% in Q4FY23, the exchange filing said.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,