A market veteran sees a positive shift for India’s financial sector. Private banks, including HDFC Bank and ICICI Bank, will lead future growth. FY27 is expected to be a landmark year for both private and public sector banks. Rate cuts and government measures will support this expansion. A billion-dollar NBFC investment highlights this outlook.
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian