Deven Choksey of DRChoksey FinServ Pvt. Ltd highlighted the current price rationalization in financial stocks, suggesting it’s a favorable time for investment. He pointed out ICICI Bank, HDFC Bank, SBI, and Bajaj Finance as strong candidates. He also stressed India’s economic potential, projected to grow from $4 trillion to $10 trillion in the next decade.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an