Corporate earnings are beating consensus expectations, says RBI

The Reserve Bank of India (RBI), here on Tuesday,  released the monthly bulletin of May that carries two speeches, five articles and current statistics. According to the bulletin, inflation eased below 5 per cent in April 2023, for the first time since November 2021. It also said that corporate earnings are beating consensus expectations and banking and financial sectors are posting strong revenue performance that are aided by robust credit growth.