India’s economy faces near-term challenges. Supply issues and weather create uncertainty. Geopolitical events in West Asia could impact domestic prices. Despite these concerns, domestic demand remains strong. The Reserve Bank of India is monitoring inflation closely. Robust exports and policy measures offer support against external risks.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.