The Vedanta Group arm’s bottom line was dented as expenses more than doubled in the said period.However, it clocked a 150 per cent rise in the revenue from operations to Rs 5,197.48 crore in FY22 from Rs 2,092.39 crore in the previous fiscal year.
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,