Experts are of the view that the long-term potential of HDFC is intact. The stock is a must for investors looking at companies that can deliver growth without compromising safety.
Most brokerage firms have maintained their rating on HDFC after it posted its Q4 numbers
According to a top bank executive, Kotak Mahindra Bank will witness 15-20 percent growth in the corporate banking and SME portfolio.
DBS, the last of Singapore's big banks to post results, cited risks from the struggling offshore support services sector, which has been showing some signs of stability after a severe downturn in the past few years.
The new fiscal year began on a sour note for bank credit growth, which slipped to 4.32 per cent in the fortnight to April 28, much lower than the 63-year low level of 5.08 per cent in fiscal 2017, the latest RBI data showed.
The NBFC will offer loans to women at 8.35 percent.
"The reduction in MCLR is expected to positively impact loan growth, thereby supporting the growth impulses in the economy," a bank statement said.
Analysts largely remain upbeat on the stock, citing good financials and a healthy growth to loan book.
The nation's largest lender State Bank of India today said the 90-basis points-reduction in the lending rates is likely to prop up its sagging loan growth and expects to boost the loan book to 8-9 percent for the current financial year.
The bank has one of the lowest restructured loan books but loan recovery process today is much tougher than before, says Uday Kotak, bank's Executive Vice-Chairman and Managing Director.
For the financial year ending March 2016, India's top bankers expect growth of about 14 percent, closer to the rate of 13.9 percent seen in the financial year ended March 2014, but less than half the heady pace seen about a decade earlier
Punjab National Bank (PNB) has revised downwards the base rate or minimum lending rate to 10 percent from 10.25 percent, effective May 7. However, the new base rate of IDBI Bank would be effective from May 11.
Bank deposits increased at a healthy 16 per cent year-on-year to Rs 75, 52,581 crore as of January 24, surpassing credit growth for the fifth consecutive fortnight, as per RBI data.
Public sector lender Dena Bank today said it has sought Rs 2,000 crore capital infusion from the Central government to support its future loan growth as the tier-I capital of the Bank fell below 8 per cent by the end of June quarter, a top official said.
Public sector banks (PSB) are estimated to raise Rs 9.60 lakh crore in 10 years period ending March 2021 assuming loan growth of 20 percent, said a report by consultancy firm KPMG.
SBI would like to believe that the loan growth should not be above 16 per cent and deposits growth between 14 and 16 per cent (in 2013-14),"
Towards the end of a financial year seasoned bank chairmen are believed to apply some shrewd tricks of business. This in turn, helps them achieve RBI projected loan and deposit growth at the drop of a hat in the last seven days before book closures. Call it window dressing or whatever, this is the traditional practice.
Bank of America-Merrill Lynch (BofA-ML) today said loan growth of Indian Indian banks will fall to a 15-year-low of less than 13 per cent in the current fiscal.
IndusInd Bank has seen a slowdown in loan growth for commercial vehicles (CVs), says Romesh Sobti, MD and CEO of the Bank. However, Sobti expects an uptrend in the loan growth for medium and heavy commercial vehicle (MHCV) cycle from September onwards.
The non-food credit or the amount banks lend to individuals and companies rose more than 16% year-on-year to around Rs 46.74 lakh crore for the fortnight ended September 23, 2012. The growth in bank deposits increased nearly 14% y-o-y to Rs 62.90 lakh crore, according to the latest RBI data released on Wednesday.
HDFC has said that the company is well placed to deliver 18-20% loan growth with stable margins and asset quality driven by growth in the smaller towns.
ICICI Bank, India's No. 2 lender, expects asset quality to remain stable in the year that began in April, Chief Executive Chanda Kochhar said, adding the pipeline for debt restructuring was minimal.
Loan growth in India will likely be lower than the Reserve Bank of India (RBI) forecast, the billionaire managing director of Kotak Mahindra Bank said on Thursday, adding that the bank is cautious about lending to sectors such as infrastructure and telecom.
Indian lenders, which have seen deposits sharply outpace loan growth in the June quarter, are likely to increase investment in short-term paper or step up their government bond purchases.
In a bid to expand its overseas footprint, Canara Bank plans to open offices in five countries, including Germany and Japan, during the current fiscal.