Also, investments in corporate debt of NBFCs dropped by 25.8% over last year to ₹65,000 crore in November 2022. The percentage share of total corporate debt to NBFCs, too, declined to 4.1% in November 2022 from 5% in November 2021.
HDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by ten basis points.
State Bank of India shares faced a 2.2 percent decline on Monday, despite surpassing analysts’ expectations for their June-quarter earnings. Most brokerages expressed continued optimism
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