From the past two years the corporate investment was muted and therefore our limits to corporates were not being utilised. Even the sanctioned term loans were also not disbursed to the extent we would have liked.
US markets closed mixed as weak June jobs data cooled rate hike fears. Nasdaq fell on tech and chip stock declines, while the Dow rose
Chip stocks experienced a significant downturn, with major AI rally leaders seeing sharp profit-taking after a record quarter. The VanEck Semiconductor ETF plunged over 5%,
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