Bond yield spike won’t shake PSU banks’ fundamentals; core growth remains key, says Anil Rego of Right Horizons PMS
The government, in the Union Budget 2026, proposed a record gross market borrowing of ₹17.2 lakh crore for the next fiscal year, which came in higher than market expectations. The announcement also sent the yield on India’s 10-year G-Sec to a one-year high on 2 February. Though yields have cooled off in the subsequent sessions,…