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Material with a negative refractive index
Negative-index metamaterial or negative-index material (NIM) is a metamaterial whose refractive index for an electromagnetic wave has a negative value over some frequency range.
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A 25-basis-point repo rate hike by the Reserve Bank of India (RBI) could expand large banks net interest margins (NIMs) by up to 10 basis points and lift earnings per share (EPS) estimates by as much as 5 per cent, according to a report by IIFL Capital.
The Reserve Bank of India has raised the repo rate by 25 basis points, potentially increasing large banks
The Reserve Bank of India (RBI) has ramped up monetary tightening measures, raising the repo rate to 5.50 per cent and enforcing stricter daily cash reserve maintenance norms, putting funding pressure on lenders whose credit expansion outpaces deposit mobilization.