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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
After two years of a heady rally, the first signs of a slowdown in public sector banks’ revenue growth are now visible. Is it time to sell?
Over the past 12 months, the Nifty PSU Bank index has climbed 93% to 7,295 points on Thursday. This is the best-ever yearly performance of the index ever since it was launched in 2010 to track state-owned lenders. In fact, the stocks of public sector banks outperformed the broader market, with the Nifty 50 index rising just 29% in this period. They also vastly outclassed the private sector-dominated Nifty Bank index, which grew only 16.5%.
The recent exuberance in PSU bank stocks is noteworthy. State-owned banks, which account for 69% of total deposits and 58% of credit in the country, …
The stablecoin neobank has raised more than $100 million this year; Saudi Arabia is looking at stock market reforms; and other updates from the week.
The newly listed insurer commands a premium valuation, but its latest ambition, if not done right, may prove to be a drag.
The state-owned lender’s successful issuance—and rare pricing advantage—signals India’s hesitant sustainable finance market may finally be maturing
