Sachin Shah highlights the preference for private sector banks due to their valuations and easing liquidity, along with a rebound in the rural market. He emphasizes the importance of identifying strong businesses with solid balance sheets and acknowledges the challenges posed by new tariffs on exports. Despite global inflationary pressures, domestic and export-oriented businesses with strong value propositions may thrive.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.