Global markets are closely watching potential India-US trade deals and the US government shutdown’s end. Expert Andrew Freris expresses skepticism about the India-US trade deal’s longevity and impact, citing India’s low export dependence. He also remains cautious on US equities, questioning interest rate cut guarantees and highlighting the S&P 500’s narrow leadership.
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