Economist Garima Kapoor anticipates a 50 basis point rate cut by the RBI in FY26, citing easing inflation and robust public capex. She highlights deregulation initiatives as unique, while noting risks from the external sector and potential impacts on rural demand. Kapoor believes the RBI is strategically holding its ground amid global uncertainties.
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 cards. The acquisition will boost