Public sector banks increased certificate of deposit issuance since 2022. Their market share rose significantly. Private banks initially led CD issuance during Covid. PSBs dominated after February 2022. Liquidity drives CD issuance. CD issuance reached a high in early 2025 due to credit demand. Private banks have longer CD tenors. PSBs use CDs for short-term funding.
US stocks today: Dow posts closing record high, S&P 500, Nasdaq muted as AI rally pauses
US stocks ended mixed as the Dow hit a record closing high driven by healthcare and consumer gains, while tech and chip stocks lagged. Banking