European shares struck a record high on Monday, with basic resources stocks in the lead, as trading resumed following the Christmas and Boxing Day holidays.
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong
Banks’ leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding
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