Public sector banks are showing resilience in their loan-to-deposit ratios, with a significant gap compared to private peers. Despite concerns, PSU banks are leading credit growth and demonstrating improved asset quality and return on equity, suggesting a positive near-term outlook.
SBI Funds raises Rs 1,655 crore in a pre-IPO placement
SBI Funds Management secured ₹1,655 crore from investors before its IPO. This pre-IPO share sale occurred ahead of the company’s upcoming public offering. The asset