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Cult.fit Eyes IPO After a Decade of Growth and Business Pivots

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Insights
India Services PMI Slips to 57.4 as Domestic Demand Weakens.
- India's Services PMI eased to 57.4 in June, marking the slowest expansion in 17 months.
- Softer domestic demand and weaker client interest slowed new business and hiring activity
- Export orders grew at the fastest pace in three months, partially offsetting local weakness

Insights
Bank Loan Growth Outpaces Deposits in Strong Q1 Credit Demand
- Public and private banks reported loan growth exceeding deposit growth during the April-June quarter
- Strong credit demand continued across sectors, driving advances at a faster pace than deposits
- PNB and Bank of Baroda posted double-digit loan growth, reflecting healthy lending momentum