Stocks in news: The markets saw an uptick of almost half a percent on Tuesday, with Zomato, Cyient DLM, L&T, Petronet LNG, and NHPC grabbing attention. Notable activities included a major stake sale by Antfin Singapore Holding in Zomato, and equity transactions involving PNB Housing Finance and Cyient DLM. L&T got GST relief, while NHPC reported a landslide at Teesta-V.
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger