The government announced recently that it will borrow Rs 4.34 trillion in the second half of the fiscal.
RBI has announced that for the week ending September 11, bank credit jumped by 5.26 percent to 102 lakh crore INR. Deposits jumped by nearly 12 percent to Rs 142 lakh crore.
Gaurav Garg, Head of Research at CapitalVia Global Research Limited, has suggested BUY Calls for short term for Eicher Motors and PSU banking major State Bank of India.
Private sector banking major Yes Bank witnessed a strong opening on Monday but the shares started drifting lower soon.
Private sector lender Yes Bank has been in the news since the start of this year due to major trouble caused by bad lending practices and other issues at management level.
Yes Bank stock started hitting upper circuits last week but during the last three trading session, the stock price of private sector lender has started declining.
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