HDFC Bank, which merged with its housing finance parent Housing Development Finance Corp. Ltd. on July 1, remained the biggest Indian bank by market capitalization.The market cap of the combined company grew 21.63 per cent in the third quarter.
S&P said India's banks, especially the state-owned lenders, have improved their key performance metrics in recent quarters, preparing them better for a challenging global environment.
Dividend Yield Mutual Funds are equity funds which invest in equity and equity-related instruments of companies which are known to declare high dividends. A dividend yield fund usually invests around 70-80% of its corpus in stocks that have a dividend yield higher than that of the market.