The Reserve Bank of India aims to keep overnight borrowing costs below its main lending rate. This strategy supports economic growth despite rising imported inflation. Policymakers may overlook current high inflation figures. They are expected to maintain interest rates unchanged. This approach counters a slowdown and avoids hindering growth. Support from monetary and fiscal policies is expected to continue.
HDFC Bank, Axis Bank, ICICI, Kotak shares rise up to 3% ahead of Q1 earnings; Nifty Bank gains 500 pts. What to expect?
Banking stocks rallied on Friday, lifting the Nifty Bank index over 500 points ahead of Q1FY27 earnings from HDFC Bank, ICICI Bank, Axis Bank, Kotak