[ad_1] Mumbai: Profit-booking ahead of key corporate earnings and the budget next week dragged down benchmark indices the most in a month-and-a-half on Friday. Fear gauge India Vix rose to the highest level in over a month. The Nifty fell 1.09% to 24,530.9 while the Sensex pulled back from the 81,000 mark 0.9% to 80,604.65….
[ad_1] Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 percent increase. Meanwhile, over…
[ad_1] Mumbai: In an effort to bring down its credit-deposit ratio to pre-merger levels and pursue profitable growth, HDFC Bank will grow its advances a “little slower” than deposits and avoid pursuing growth which does not meet the risk-adjusted profitability thresholds, according to MD and CEO Sashidhar Jagdishan. “Our focus would be to maintain adequate…
