HDFC Bank has more re-rating potential than ICICI Bank at current prices, quite simply because the latter’s strong performance has moved multiples relatively closer to what we see as steady-state …
“Food inflation has been uncertain in the recent past because of various reasons, including the cropping and the climate effects, the rainfall, etc. Overall, it is under control. So, yes, …
MUMBAI: Axis Bank is likely to raise up to Rs 3,000 crore through the issuance of additional tier-1 (AT-1) bonds in coming days as the private sector lender looks to …
“So, our own estimate is 6.8% for GDP growth and we have seen in the last two-three quarters a big variance actually between GDP growth and GVA growth. One is …
Several state-owned banks, including the country’s largest lender, State Bank of India (SBI), are likely to tap debt markets and raise close to ₹20,000 crore by the end of the …
Public sector Canara Bank plans to raise at least $300 million by issuing bonds to investors abroad as it seeks to shore up its liability franchise amid strong credit growth. …
Debadatta Chand, CEO & MD, Bank of Baroda, says the bank’s guidance on the NIM has been 3.15% plus-minus 5 bps. And the good part of this quarter, the June …
Bank credit rose 14% on-year as of June 28, outpacing deposit growth at 11%, putting the spotlight yet again on central bank’s concerns over the gap that could lead to …
Voicing concerns yet again, the Reserve Bank of India on Thursday said that credit expansion in excess of 18% could put the financial system to the test given the widening …
In a recent report, Investec Securities highlighted a possible credit rating upgrade given its rising AUM Synopsis A part of Muthoot Pappachan Group, the company provides micro loans to women …