RBI’s ₹60,000 crore liquidity boost is a timely move: BNP Paribas analyst

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Pranav Gundlapalle, Senior Analyst-India Financials at Bernstein, expects a 50-bps rate cut by the RBI, which may initially reduce banks’ net interest margins but will ultimately support credit and consumption growth, while Santanu Chakrabarti, India Analyst-BFSI at BNP Paribas, highlighted ICICI Bank and HDFC Bank’s strong deposit mobilisation despite tight liquidity.

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