Corporate India was hoping for a 25 basis point cut and got 50. While it may feel like manna from heaven, that feeling is not pervasive across the board. The RBI has cumulatively cut the repo rate by 125 basis points so far but companies have not had much cause for cheer, courtesy their NPA-afflicted bankers. For some incorrigible indebted Indian companies, nothing short of a complete write-off from their bankers would do. But there are some companies to whom this 50 basis points cut will mean a lot once their bankers graciously pass it on. We therefore looked up the interest coverage ratio of BSE-500 companies to identify who could benefit the most and came up with this very short list.
The current 50 basis point reduction, if passed on entirely by lenders, will benefit some companies disproportionately
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