The Reserve Bank of India has shifted to a ‘neutral’ policy stance, increasing expectations of a rate cut in December. Most financial institutions anticipate a 25 basis point cut. Market participants will closely monitor inflation and growth indicators. The RBI’s decision provides flexibility for potential rate easing as inflation remains within legal limits.
Indian Overseas Bank Q2 Results: Net profit rises 24% to Rs 777 crore
State-owned Indian Overseas Bank on Thursday posted a 24% surge in net profit to Rs. 777 crore in the second quarter ended September 2024, due