With demand for credit remaining strong, banks have been looking to tap the bond markets and raise funds to finance the loan growth. As on November 17, bank credit growth was at 20.6% YoY while deposit growth was at 13.6% over the same period, latest RBI data showed.
Mcap of 6 of top-10 most-valued firms erode Rs 1.55 lakh cr; Reliance biggest laggard
While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy