Lower moratorium, accelerated NPA recognition and higher provisioning coverage indicate lower asset quality impact, the bank indicates internal successor of Aditya Puri
On Monday, global rating agency Fitch revised the outlook from "stable" to "negative" on the Long-Term Issuer Default Ratings (IDR) of nine Indian banks
In Q4, the bank's profit before tax up 2.5 per cent year-on-year at Rs 9,174 crore, due to higher provisioning in the light of the Covid-19 crisis
Analysts at Kotak Institutional Equities expect banks to report healthy earnings due to the Reserve Bank of India's loan moratorium
US-based Bernstein slashes rating to underweight, almost halves target price; UBS maintains positive stance
On Wednesday, the private lender's stock saw its steepest single-day fall of 9.9 per cent in nearly 12 years; it is down 33 per cent since all-time high
Net interest income, however, is likely to grow between 11 and 16 % YoY to Rs 14,409.5 crore, up from Rs 12,576.8 crore reported in the same quarter last year, and Rs 13,515 crore in Q2FY20
Bank also launches its farmer outreach programme 'Har Gaon Hamara'
The rub-off effect of subsidiaries is quite prominent on the stock price movement; loan growth at 12 per cent in July-September quarter
The bank has an optimistic outlook on the credit demand from the corporate and SME sector
While the development is a step in the right direction as regards the real estate sector, non-bank fiannce companies (NBFCs) and the cement sector, too, will reap benefits, some experts say
For the recently concluded quarter, the slippages are expected to show mixed trend as analysts eye stable numbers from the agri-sector but warn of stress in the retail space
The stock fell 3% on Monday; it was the sharpest decline in reaction to the results
Once most popular among foreign portfolio investors, stock is trading at a discount to peers in private space