BUSINESS
Kotak Mahindra Bank's Q1 results evoke mixed brokerage views; stock down 3%
Brokerages offered mixed opinions on the stock, citing uncertainty over the timeline for lifting the RBI's digital banking ban, keeping margin and loan growth outlook in check
BUSINESS
HDFC Bank greenlights HDB Financial Services IPO, explores additional stake sale
Currently, HDFC Bank owns a 94.6 percent stake in HDB Financial
BUSINESS
Agricultural seasonality hurt asset quality in Q1FY25, says HDFC Bank
The management emphasised that excluding NPAs in the agricultural segment, the gross NPA would be 1.16 percent compared to 1.33 percent in Q1FY25
BUSINESS
Digital curbs impact Kotak Bank's unsecured loan book growth, margin in Q1FY25
Kotak Mahindra Bank reported a 20 basis points (bps) sequential drop in its unsecured loan book growth to 11.6 percent in Q1FY25 from 11.8 percent
BUSINESS
HDFC Bank Q1 results preview: Soft growth in loans, deposits to limit NII, profit gain QoQ
HDFC Bank's NII is pegged to grow up to 27 percent YoY to Rs 29,621 crore in Q1FY24, while profit is estimated to jump by 32 percent YoY to Rs 15,905 crore
BUSINESS
Kotak Bank Q1 preview: Loan growth to drive profit, NII; margin pressure likely
Kotak Bank is expected to clock up to 13 percent YoY growth in NII to Rs 7,087 crore in Q1FY25, said analysts
BUSINESS
Budget 2024: Home financiers root for revamped PMAY scheme, housing loan subsidies
Market observers predicting increased allocation under the Pradhan Mantri Awas Yojana (PMAY) and subsidies for housing loan borrowers in Budget
BUSINESS
Budget 2024: Insurers hoping for tweaks to tax rules to boost affordability of products
Insurnace firms eye multiple tax benefits from the government to enhance affordability of products and amendments to the Insurance Act 1938 to to support the 'Insurance for All by 2047' initiative
BUSINESS
Budget 2024: Bank bulls hope for privatisation announcements, boost for private capex
Indian banks are in excellent health. The industry has seen gross bad loans drop to a 12-year low of 2.8 percent in FY24.
BUSINESS
Brokerages bullish on HDFC Life's strong Q1 results, see room for margin, VNB growth
Brokerages remain largely bullish on HDFC Life stock, noting its confidence in handling the new surrender value norms, limiting their impact on margins, and gradually increasing the value of new business in the long term.
BUSINESS
New surrender value norms will not impact margins significantly, says HDFC Life
Surrender value is the amount a policyholder receives when they decide to terminate their policy before maturity.
BUSINESS
Short Call: One TCS does not make a summer, bearings may shine, better days for specialty chem, Raymond, ABB, Healthcare Global in limelight
The perfect (trading) strategy doesn’t exist.~ Tom Basso
BUSINESS
HDFC Life Q1 preview: New premiums to drive double-digit profit, but margin pressure to stay
The company is slated to release its Q1 results on July 15, 2024
BUSINESS
Craze for passive funds to continue, focus more on smart beta: Gurjeet Kalra of DSP Mutual Fund
Previously a favourite of institutional investors, passive funds are now a big hit with retail investors, Kalra said,
BUSINESS
MC Explainer | NSE removes over 1,000 stocks from collateral list, here's what it means
Of the 1,730 eligible securities, NSE Clearing has removed 1,010, including notable companies such as Adani Power, YES Bank, Suzlon, Bharat Dynamics, and Paytm
BUSINESS
Sensex, Nifty slip amid broad-based selloff; all eyes on Q1 results, 2024 budget
Analysts view this consolidation as a healthy pause before the upcoming April-June quarter (Q1FY25) results and 2024 Union Budget, suggesting it will strengthen market breadth for future gains
BUSINESS
After MSCI boost news, will soft Q1 business update hamper HDFC Bank?
Despite Q1 typically being a softer quarter, brokerages turned wary of the bank's high credit-to-deposit (CD) ratio, which could pressure future margins.
BUSINESS
Ultratech poised to become new 'Thalaiva' in South post India Cements acquisition, say analysts
Analysts predict this deal could lead to a larger stake purchase and establish a new 'Thalaiva' (dominant player) in the Southern market
BUSINESS
IT stocks unfazed by Accenture's narrow FY24 guidance, Street cheers Q3 deal pickup
Analysts see Accenture's Q3 results as slightly positive for domestic IT stocks, thanks to a rise in small deals and a rebound in consulting growth
BUSINESS
Bernstein bullish on Bajaj Finance, Muthoot Finance, IndusInd Bank amid strong growth outlook
Analysts are optimistic about the Indian banking sector, citing robust credit growth and favorable asset quality, and believe it has a promising future as a great compounding story
BUSINESS
Strong earnings to drive large private lenders ahead of PSU banks: Morgan Stanley's Sumeet Kariwala
Kariwala added that the Indian banking sector is in early stages of a strong upcycle, supported by normalisation of credit costs, steady loan growth, and expected healthy earnings
BUSINESS
Life insurance stocks firm as brokerages expect companies to digest new surrender value norms
rokerages expect the new SV norms to initially reduce insurance company margins but believe they will eventually adapt
BUSINESS
Analyst call tracker | Shriram Finance emerges as top pick in May, beats ICICI, Axis Bank
According to Moneycontrol's analyst call tracker in May, 36 brokerages gave 'buy' recommendations for this NBFC, making it the Street's top choice.
BUSINESS
RBI's June policy decision to be a non-event for markets; all eyes on inflation, GDP forecast
Analysts expect the central bank to maintain status quo for the eighth consecutive time, keeping interest rates unchanged at 6.5 percent, making the policy decision a non-event for the markets
