Public sector banks are showing resilience in their loan-to-deposit ratios, with a significant gap compared to private peers. Despite concerns, PSU banks are leading credit growth and demonstrating improved asset quality and return on equity, suggesting a positive near-term outlook.
US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon’s strong quarterly report. The tech giant’s results eased concerns about AI infrastructure spending. Apple’s stock dropped