One of India’s top fund houses HDFC MF increased holdings in stocks like HDFC Bank and Coforge but pared stake in others like Infosys and Power Finance Corporation. Here are the fund house’s top reductions in August 2023.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,