07-07-2025
Fund Managers Bet on Bank, Consumer Stocks After India Rate Cuts
Money managers are betting Indian banking and consumption stocks have further to run this year, benefiting from the central bank's aggressive policy rate cuts to lift economic growth.
Asset managers including BlackRock Inc., Aberdeen Group Plc and Smartsun Capital Pte. have started aligning portfolios on expectations rate cuts will boost bank profits by lowering what they have to pay on deposits, while consumer companies' earnings will improve as customers take out loans and spend.
