The market capitalization of five of the top ten firms increased last week. State Bank of India and HDFC Bank were the top gainers. Reliance Industries retained its position as the most valued firm. However, LIC, Bajaj Finance, ICICI Bank, TCS and Hindustan Unilever experienced a decline in market capitalization.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an