PSU banks are expected to benefit from the interim budget 2024 as the fiscal deficit is expected to decrease. Increase in fund allocation to infrastructure sector to fuel corporate credit demand
IOB had reported net non-performing asset (NPA) of Rs 1,364 crore for the September quarter, with net NPA ratio of 0.68 per cent. This was against Rs 4,148 crore in net NPA and an net NPA ratio of 2.56 per cent in the same quarter last year.
JP Morgan has upgraded India to ‘overweight’ from ‘neutral’. The brokerage has advised investors to use near-term correction/dip as an opportunity to add and leverage on a positive historical seasonality to general elections.
Shares of Bank of Baroda fell as much as 4 per cent on Wednesday, after the Reserve Bank of India (RBI) ordered the entity to stop adding customers to its mobile app, citing "certain material supervisory concerns."