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News & Analysis · 23 June 2026 · Indian Economy

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23 June 2026

GS-3News & Analysis23 Jun 2026thehindu.com

Rate cuts transmission moderated in May 2026: RBI

The Reserve Bank of India's (RBI) May 2026 bulletin highlighted that the transmission of recent rate cuts (March-April 2026) was uneven across sectors. It noted that private sector banks exhibited more pronounced pass-through to lending rates, while public sector banks showed stronger transmission to deposit rates. The report also indicated that credit growth continued to outpace deposit growth, a trend widening since August 2025.

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GS-3News & Analysis23 Jun 2026thehindu.com

RVNL to shape NMDC’s branded iron ore plans with ₹3,000 crore blending yard

State-owned miner NMDC has contracted Rail Vikas Nigam (RVNL) to establish a ₹3,000 crore blending yard in Visakhapatnam, Andhra Pradesh. This project, with a 10 million tonnes per annum capacity, is part of NMDC's plan to launch branded iron ore with fixed quality specifications, aiming to enhance blast furnace efficiency and command a market premium. NMDC, India's largest iron ore producer, expects to launch the product within three years and plans to invest ₹50,000 crore over the next few years to increase its iron ore mining capacity to 100 million tonnes by 2030. The Visakhapatnam location was chosen for its proximity to NMDC's Chhattisgarh mines and Gangavaram port.

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