Banks must raise more capital amid global uncertainties: RBI's Das
Given the uncertainties surrounding the global financial environment, domestic banks should raise more capital in order to be prepared for worst-case scenarios, Reserve Bank of India Governor Shaktikanta Das said on Friday.
Das also underscored the need for banks to raise more capital in order to fund the demand for loans, which is growing at a healthy clip. Read more here
ITC regains Rs 4-trillion m-cap after 5 years; stock surges 50% in 6 months
ITC, the biggest cigarette maker, and the second largest fast moving consumer