Revenue from operations went up by 19% to ₹45,129 crore as against ₹37,900 crore in the previous quarter.
The plan also comprises acquiring renewable energy capacity from O2 Power.
Inflation has been cooling, thanks to stable food prices and a healthy rabi crop outlook.
As the government cut the taxes for the middle class and now RBI bringing down the cost of borrowing, it augurs well for a strong consumption-led growth.
The RBI Governor has promised liquidity support as and when needed.
The repo rate cut of 25 bps was on expected lines, but there was little by way of guidance on further cuts
The MPC was on reasonably expected lines on all counts - Rate cut, stance and statement on liquidity measures
The rate cut can be viewed as a positive for lenders having a higher share of fixed rate portfolio, especially credit card issuers, vehicle financiers and gold financiers.
The NFO is available for subscription from Feb 06 to Feb 20, 2025.
As always RBI is ahead of the curve in its focus on consumer protection and mitigating cyber risks.
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