Mutual funds increased exposure to technology, PSU banks, telecom, oil & gas and consumer durables, while autos, utilities, cement and chemicals saw reduced weightings as sector preferences shifted alongside changes in value and ownership patterns.
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