LIC significantly rebalanced its portfolio, divesting from major private banks like HDFC Bank and ICICI Bank to aggressively invest in State Bank of India and Yes Bank. This strategic shift highlights a growing confidence in the PSU banking sector’s valuation and future prospects, even as foreign investors flock to private lenders.
Motilal Oswal Wealth launches bond trading platform to widen investors’ access to fixed income
Motilal Oswal Financial Services’ wealth management arm on Tuesday launched a digital bonds trading platform to enable investors to access fixed income securities.