Morgan Stanley’s Gokul Laroia believes Indian market recovery hinges on government spending and rural demand revival. He anticipates continued US dollar weakening. Laroia notes global investors were cautious about India but that sentiment is shifting. He acknowledges India’s valuations are high but justified by earnings growth and ROE. US Treasury yields are a concern due to the rising fiscal deficit.
RBL Bank Q4 Results: Profit soars 3x YoY to Rs 230 crore
RBL Bank reported a significant three-fold surge in net profit for the fourth quarter, reaching Rs 230 crore, driven by robust business expansion and improved