The Dow Jones closed higher, hitting a record high, propelled by UnitedHealth’s surge after Berkshire Hathaway increased its stake. Other indexes slipped amid mixed economic data impacting Federal Reserve’s policy decisions. Investors are anticipating a potential rate cut in September. Trump and Putin’s meeting in Alaska raised hopes for resolving the Ukraine conflict and influencing crude prices.
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