Pass-through certificate (PTC) issuances account for over 50% of the volume of transactions surpassing direct assignment (DA) transactions. This ratio between PTC and DA has been shifted because of the merger of the HDFC entities, said the ratings company.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and