Treasury income fell at several major banks in Q2FY27 as bond yields climbed, weighing on other income and profits despite growth in net interest income across lenders.
The scheme aims to promote entrepreneurship at the grassroot level focusing on economic empowerment and job creation and has been extended up to the year 2025
In the short term, a detailed well communicated and credible medium-term fiscal consolidation plan is also important, alongside an increase in fiscal transparency, IMF said