Small finance banks have approached the Reserve Bank of India with key requests. They want the regulator to ease a rule requiring half their loans to be under ₹25 lakh. They also seek permission to participate in co-lending arrangements. These changes aim to help SFBs expand their reach and serve more businesses, particularly MSMEs.
IT stocks face fresh AI worries; is more correction ahead?
Indian IT stocks are experiencing a significant correction, driven by fears of AI automation impacting outsourcing demand, amplified by Nvidia’s AI chip announcements. Analysts, however,