Buy IndusInd Bank, target price Rs 800: Motilal Oswal
The brokerage expects the bank to deliver FY21E RoA/RoE (return on assets/return on equity) of 1.6 per cent/13.7 per cent.
Buy HDFC Bank, target price Rs 1,150: Motilal Oswal
The brokerage expects overall loan growth over FY21 to be affected due to the lockdown. A...
Buy Bandhan Bank, target price Rs 262: Emkay Global
Emkay says near-term asset quality disruption is inevitable, but takes comfort in the ban...
Anand Radhakrishnan’s thumb rule to identify which sectors will bounce first
The CIO - Equity & Executive Vice President at Franklin Templeton says more than entry points, holding period is a key determinant of stock returns.
Buy IndusInd Bank, target price Rs 630: Emkay Global
The near-term growth/asset quality pain will weigh in on stock performance, but the new MD’s strategy to focus on retailization of assets/liabilities should help the bank in the long run.
RBI stimulus: Which sectors will gain the most?
RBI has just delivered the biggest rate cut, bringing the repo rate to an all-time low of 4.40%. It has also cut the CRR by 100 basis points...
Buy Axis Bank, fair value Rs 620: Kotak Institutional Equities
The brokerage has revised its fair value to Rs 620 from Rs 740, cutting estimates by around 20-25 per cent to address its concerns.
PSU lenders offering better interest rates may lure home loan clients from private sector banks
“There is a significant difference not only between public sector and private sector banks’ interest rates but also between our repo-linked lending rate and MCLR rate,” said CS Setty, managing director at State Bank of India.
Yes Bank problem bank-specific, not sectoral: SBI chief Rajnish Kumar
The Reserve Bank on Thursday placed Yes Bank under a moratorium and imposed limits on withdrawals. "This is not a sectoral problem. It is a bank-specific problem," SBI chief said. "The RBI will take all steps to ensure financial stability." On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.
On lending by banks to NBFCs, HFCs to be part of priority sector in FY21: RBI
The move will help boost credit disbursement in the targeted segment like agriculture, MSME and housing sector. After undertaking a review, it has been decided to extend the priority sector classification for bank loans to NBFCs for on-lending for 2020-21, RBI said in a statement.
Buy Bandhan Bank, target price Rs 260: ICICI Direct
The Covid-19 lockdown hampering people movement is expected to impact collection efficiency for MFIs, particularly large players like Bandhan Bank.
Sell Bank of Baroda, target price Rs 46: Chandan Taparia
The analyst suggested a stoploss at Rs 58 .
Buy ICICI Bank, target price Rs 590: Sharekhan
Well capitalized with CAR of 18.1%, the bank has sufficient room to grow the asset base.
Bank loan growth pace halves in February
On a year-on-year basis, non-food bank credit growth decelerated to 7.3 per cent in February 2020 from 13.2% in February 2019, according to the latest data on sectoral flow of credit released by the Reserve Bank of India on Tuesday. Only retail loan growth accelerated marginally to 17.0% in February 2020 from 16.7 per cent in February 2019.
Stressed NBFC sector relying more on banks for borrowings: Care Ratings
Facing difficulties in raising money from the capital market, non-banking financial companies are relying more on banks to meet their funding requirements, with lending to NBFCs seeing a jump of 34.7 per cent in more than a year, says a report.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service