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Banks cash in on gilt price surge as RBI move sparks rate cut hopes

NEW DELHI: Reserve Bank of India‘s projection of lower inflation and assurance on enough liquidity would be positive for banks’ treasury operation which could well boost earnings of many stressed government-owned lenders, two people familiar with the matter said.

These banks sold a net of Rs 12,036 crore of debt securities on Wednesday, this year’s largest single day sale, capturing gains from falling bond yields.

On the …
Banking Industry News

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