Goldman Sachs expects Indian banks’ loan growth to moderate to 14–15% through FY29 and initiated coverage on 14 lenders. It favours six private banks, including ICICI Bank, Kotak Mahindra Bank, HDFC Bank, Axis Bank, Federal Bank and AU Small Finance Bank.
Volatile yen draws intervention watch, other currencies subdued
In response to last week’s notable drop, currency markets have been closely monitoring the yen. Reports suggest that Japanese officials are conducting rate checks, hinting