The September quarter is proving to be more challenging for India Inc than previously anticipated, with net profit growth of only 3.6% in Q2 FY25, marking the slowest growth since June 2020. This subdued performance is prompting companies to adopt a cautious approach towards capital expenditure for the second half of the financial year ending March 2025. The Business Standard BFSI Insight Summit is currently underway, featuring over 112 leaders from the banking, financial services, and insurance (BFSI) sectors. Key discussions at the summit include the outlook for private sector banks, deposit trends, and the impact of technology on the BFSI sector. RBI Governor Shaktikanta Das highlighted that while October inflation may exceed September's rate of 5.5%, he remains cautious about declaring a slowdown in the economy. The summit also emphasized the importance of improving underwriting standards and risk management practices among banks as they navigate new product offerings and market conditions.