The housing finance company improved margins from 2.19 percent in June to 2.23 percent in September and hopes to continue the trend.
The cost of borrowing for Indian companies is likely to come down. Contrary to normal movements, the 10 year-benchmark govt bond yield is currently trading around 20-25 basis points lower than the policy or repo rate at 8%. In the last one month trading volumes have doubled from Rs 20,000-25,000 crore on an average a day to more than 50,000 crore.
CNBC-TV18‘s Gopika Gopakumar reports that money has become cheaper for banks with CD (certificate of deposit) rates crashing by 2 percentage points on repo cut and the RBI assurance on liquidity levels