While rate cuts may increase churn between banks, these may not boost credit offtake meaningfully. A telecom moment for the banking sector” was how a banking analyst with a reputed brokerage summed up the lending rate cut frenzy by banks. Though the Street was expecting some cuts (30-40 basis points) in the marginal cost of funds-based lending rate (MCLR), the sharp 90-bp cut by State Bank of India has taken many by surprise. Given that most banks have followed SBI’s lead, ... Rediff.com, 6 days ago
Banks are likely to report lower core profits for the third quarter of the financial year but this would be offset by better treasury gains. With loan growth remaining muted, the net interest income (NII) is likely to remain low. While the pace of slippages ...The Financial Chronicle, 1 week ago Treasury gains may help banks offset Q3 pressure Smart Investor, 3 weeks ago
Surat: Police recovered the body of a young man from a car in Vesu area of the city on Saturday. The man was on driver's seat when locals spotted the car on VIP Road. The car is not registered in the victim's name, police said, adding that they ...Times of India, 1 week ago
MUMBAI: Retail loans, that saved the day for several banks in the absence of growth in corporate credit, may also have been subdued in the third quarter of the current financial year as banks had to focus all their energy to contain the fallout of ...Economic Times, 1 week ago
08:22 am FOLLOW US: Indore: Start-ups are like premature baby as they cannot survive, if launched without proper preparation and planning. It looks easy but it requires hard work and sacrifice to establish as various other players are already ...The Freepress Journal, 3 weeks ago
Despite a lot of negative news surrounding Axis Bank, its stock price has declined only by 4.3 per cent since November 8, when old high-denomination notes were demonetised. Peers ICICI Bank, HDFC Bank and IndusInd Bank have ceded 6-10 per cent of ...Smart Investor, 4 weeks ago
Unless RBI temporarily relaxes the norms on recognising of bad loans, the pressure on this front could rise in the December quarter. Much to the Street’s disappointment, the Reserve Bank of India kept key policy rates unchanged in its monetary policy review announced on Wednesday. This rubbed off negatively on banking stocks, which fell by one to three per cent. The Nifty Bank fell one per cent, twice the fall in the Nifty 50 index, and is down 6.5 per cent following the demonetisation ...Rediff.com, 1 month ago RBI status quo could build pressure on banking stocks Smart Investor, 1 month ago
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