Latest Updates Around The World
Shares of HDB Financial Services are down about 10% from their post-listing peak, but Jefferies is betting the pullback will give investors a second look at the non-banking finance company, which debuted on Dalal Street this year and backed the stock with a ‘Buy’ rating and a price target of Rs 900 as growth improves […]
Private lender Axis Bank is likely to post a 19% year-on-year decline in profit after tax (PAT) for the September quarter, according to the average of six broker estimates, as higher funding costs, subdued loan yields and higher operating costs weigh on performance. The lender’s net interest income (NII) – a key measure of core […]
Kolkata: Microfinance company remained a major resistance to the performance of small financial banks, in particular ESAF, Suryoday and Utkarsh, with about one fifth of their microloan books under stress, even if new loans were paid this year, a better repayment record. This could weigh on the profitability of banks, in particular ESAF and Utkarsh […]
