Valuations have moved up but they have to be viewed in the context of the overall growth environment. Large-cap share valuations are at a relatively modest 10-15% premium to their historical averages.
Ujjivan Small Finance Bank’s MD and CEO has resigned citing health reasons. The board accepted the early retirement and appointed Carol Furtado as interim head.
Indian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of India’s special swap window. Banks
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