SBI forecasts India's GDP growth at 6.3%, lower than RBI's projection of 6.6% for FY25

SBI projects India's FY25 GDP growth at 6.3%, lower than RBI's revised 6.6% forecast. This downward revision follows an initial increase, a first in five years. The RBI also announced a CRR cut, injecting ₹1.16 lakh crore into the banking system, potentially boosting banks' NIM.