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"As long as the Mumbai Interbank Forward Offer Rate (MIFOR) conditions are favourable, I think it will be conducive for NBFCs to raise dollar funding," said Anudeep Ganguli, chief treasury officer, Credit Saison India. "Not too many banks have reduced their MCLR, so until that happens, ECB will still be in favour with NBFCs. Even a 50 basis point cut in the MCLR will still make the ECB more favourable."
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Internationally, we are present in 15 countries - US, UK, France, Belgium, Singapore, Japan, New Zealand and Africa, and so on. The GDP in these countries is much less compared with India. When India's GDP is growing at a faster pace, my domestic book will always grow faster, says Rajneesh Karnatak, managing director and chief executive of Bank of India.
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Treasury Secretary Scott Bessent acknowledged Sunday that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trumps tariffs to its shoppers through higher prices.
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