On top of it, if you look at the last three-four quarters, there is a weak job hiring when it comes to IT sector and weak salary growth. And adding to that, if you look at last three-four quarters, banks and NBFCs have been cautious when it comes to retail lending.
The broader market had its own sort of corrective phase, but I do think that given the fact that this event has happened and though
BSE has alerted Indian market participants to heighten their cybersecurity defenses following a warning from CERT-In about ongoing cyber threats targeting the BFSI sector. The
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