Indian banks, including HDFC Bank and SBI, are strategically reducing savings account interest rates by 25 basis points to protect profitability amid declining CASA ratios. This move aims to lower the cost of funds and improve net interest margins, even as deposit growth faces challenges. Experts anticipate limited fund migration despite depositors shifting towards higher-yielding term deposits.
Texmaco Rail could be railway sector’s dark horse: Mayuresh Joshi
Mayuresh Joshi discusses the railway sector’s potential, highlighting positive budgetary allocations and new projects. While manufacturing stocks like Titagarh and Texmaco Rail face margin constraints,