Bengaluru, May 9 -- India's finance sector has shown robust growth, with Scheduled Commercial Banks' gross non-performing assets dropping to a 12-year low of 2.6% in September 2024 and profit after tax rising 22.2% year-on-year. Aggregate bank deposits grew 11.1% by November 2024, while the fintech market is projected to reach $155.7 billion in 2025

With a market capitalization of Rs 1.01 lakh crore, the shares of REC Ltd closed at Rs 384.80 per share, decreased around 1.89 percent as compared to the previous closing price of Rs 392.20 apiece.

Brokrage Views CLSA, one of the well-known brokerages globally, maintained its "high conviction outperform" rating on this PSU stock with a target price of Rs 525 apiece, indicating a potential up...