Credit demand is increasing across India. Banks are lending more to retail and service sectors. Industrial credit is also firming up. Deposit growth is steady but slower than last year. This trend is expected to continue with a repo rate reduction. Higher disposable income and GST rationalisation are also boosting demand. Rural demand remains robust, and urban demand is recovering.
2 top stock recommendations from Rajesh Bhosale
Indian equity markets rebounded on Monday, led by banking stocks, after testing key support levels. While the near-term bias remains positive, the market is expected