Private sector banks, particularly HDFC Bank, are poised for growth and profitability. Indian bond inclusion may impact liquidity and interest rates, benefiting the banking sector. Public banks face challenges in profitability and growth compared to private counterparts. Regulatory actions in the NBFC sector may favor established players like Muthoot, says Pranav Gundlapalle.
Asian stocks rise, dollar pares losses after slump
Equities rose in Japan, South Korea and Sydney, with futures pointing to a soft open in Hong Kong. US contracts edged higher in Asia after
January 7, 2025