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The brokerage sees SBI as one of the best proxies on improving confidence in the financial sector, which has witnessed $20 billion worth of capital raising, moderating concerns on Yes Bank and improving credit spreads for NBFCs.
Bank credit grows by 5.73%, deposits by 11.34%In the previous fortnight ended November 20, credit grew by 5.82 per cent to Rs 104.34 lakh crore and deposits by 10.89 per cent to Rs to Rs 143.70 lakh crore.
from Stocks-Markets-Economic Times https://ift.tt/2J3IBal
… Read MoreSingapore’s top stock of 2020 faces a rougher ride next yearThe utilities firm is 2020’s top gainer on the benchmark Straits Times Index, after being the worst performer in the preceding five-year period.
from Stocks-Markets-Economic Times https://ift.tt/2WtEEyL
… Read MoreJPMorgan, Goldman to restart buybacks as Fed gives green lightThe loosening of restrictions marks a partial but significant win for firms that have been eagerly awaiting permission to boost capital distributions.
from Stocks-Markets-Economic Times https://ift.tt/3h2mnCf
… Read MoreMusk adds $9 billion to fortune as Tesla set to join S&P 500A late jump in Tesla’s share price pushed Musk’s net worth up almost $9 billion to $167.3 billion, according to the Bloomberg Billionaires Index.
from Stocks-Markets-Economic Times https://ift.tt/3r6QPzL
… Read MoreFalling short-term rates threat to stability: MPC membersThe MPC left key interest rates unchanged this month amid persistently high inflation but said it would ensure ample liquidity to stressed sectors to keep India's nascent economic recovery on track.
from Stocks-Markets-Econo… Read More
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