Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said
Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion
Stocks to watch today: Tata Motors UK subsidiary JLR is likely to halt production due to supply disruption and chip crunch; Aviation stocks in focus after jet fuel prices hiked by 16 per cent.
The four distressed accounts include Subhash Chandra-promoted Siti Networks
Stock market highlights: Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4%
Stocks to Watch Today: Bajaj Auto to consider share buyback on June 14 after 22 years; The 30-day lock-in period for anchor investments in LIC IPO ends on June 13.
Following the RBI MPC's decision to raise benchmark policy rate by 50 bps, many lenders, including ICICI Bank and BoB, have also raised their external benchmark linked loan rates by an equal amount
Says India could double the size of home loan business to $600 billion in 5 years
The board of directors of HDFC and HDFC Bank on April 4 had approved the plan for an all-stock deal merger
CEO Jagdishan tells analysts merger with HDFC gives the lender the opportunity to double balance sheet every five years
Third hike by HDFC in a month, ICICI increase steepest at 30 basis points
As of December 2021, a little over 39% of banking system loans are linked to the external benchmark, shows RBI data
The Bajaj and HDFC twins can rally up to 8 per cent provided the stocks manage to sustain above the following key technical levels on the daily and weekly charts.
The market valuation of HDFC Bank jumped Rs 39,358.5 crore to reach Rs 7,72,514.65 crore
The same number had stood at $12.91 billion in the year-ago period and $8.7 billion in 2020, the report by Grant Thornton Bharat said
If FPI holdings decline further in the two firms, it could lead to good buying opportunities: Analysts.
Here is the Best of BS Opinion for Monday
There won't be instant gratification for investors but the move will catapult the bank into the big league
FPIs have sold shares worth Rs 1.6 trn in domestic equities market so far this year. Historically, foreign investors have had high exposure to both HDFC Bank and HDFC
Slower-than-expected credit growth amid weakening macros due to the Ukraine-Russia conflict; further softness in margins due to slower retail credit growth are key risks according to analysts