FPIs lap up banking and finance stocks as credit cycle recovers

August 23, 2022

Financial stocks are back in demand as fresh bank sanction of loans rose by 90% to Rs 1.4 lakh crore in FY22 after a multi-year drop in FY21. In the previous corporate capex cycle fresh bank sanctions rose to Rs 4 lakh cr between FY10 and FY11. Further, the real lending rates have turned softer.

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Mcap of top-10 most valued firms slumps Rs 4.95 lakh cr; TCS, Reliance hardest hit

The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities,

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Unimech Aerospace IPO opens tomorrow. Price band, GMP among 5 things to know before subscribing

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