Banks have become the single largest borrowing source for non-banking financial companies (NBFCs) and the rising interconnectedness between the two sets of lenders may pose contagion risk going ahead, Reserve Bank of India (RBI) deputy governor (DG) Swaminathan J said in a panel discussion at State Bank of India’s (SBI) 2023 banking conclave on Thursday. […]
By Sameet Chavan The Indian equity market tumbled on weekly F&O expiry day, tracking the global bourses, wherein the benchmark index NSE Nifty 50 plunged below the psychological mark of 16000 from the start of the session. The weakened macro factors have dampened the overall sentiments as we witness the relentless selling pressure in the […]
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