Indian banks face profitability pressures in the current fiscal year due to moderating credit growth and high deposit costs, ICRA reports. Net interest margins are expected to decline by 15-17 bps in FY26 with anticipated repo rate cuts. Credit growth is projected at 10.8% in FY26, while asset quality faces risks from unsecured loans.
Wind Creek Chicago Southland, which continues to gain ground as the states fastest-growing casino, is upping the ante Friday with the soft opening of its 255-room hotel.
The Directorate General of Trade Remedies (DGTR) suggests imposing countervailing duties, ranging from 3.46% to 10.27%, on copper wire imports from Vietnam, Thailand, Malaysia, and Indonesia. This action, prompted by an application from the Indian Primary Copper Producers Association, could impact the profitability of Indian electrical wire manufacturers.
