Despite improved liquidity and policy rate cuts by the central bank, banks have been slow to reduce lending rates for existing borrowers. MCLR-linked loan rates have seen minimal reduction (5-15 bps), while past rate hikes were more fully passed on. Experts attribute the uneven transmission to varied credit portfolios and spreads, expecting rates to remain dynamic for some time.
West Asia tensions rattle capital goods stocks; L&T, KEC slide
Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen