IndusInd Bank Q1 Preview: PAT may rise 29% YoY on strong loan book, stable asset quality
Expect provisions to keep declining, led by lower slippages and better asset quality trends. Both the MFI and vehicle finance portfolio is showing improving trends. Building in slippages of 2.2% (Rs 16 billion). The key focus area would be the cost of funds given the sharp rise in raising deposits and ability to sustain current levels of loan growth Key Points
Economic TimesDoes IMF view on exchange pate policy matter to India?
The International Monetary Fund (IMF) recently reclassified India's exchange rate regime as 'stable' instead of 'floating.' However, the Reserve Bank of India (RBI) disputes this reclassification. The IMF claims that from December 2022 to October 2023, the RBI maintained exchange rate stability by intervening in the currency market, deviating from market-driven conditions as per its stated exchange-rate policy since March 1993. Key Points
Economic TimesHDFC Bank Q4FY23 results today: Net profit may grow in double digits on stable asset quality; dividend eyed
According to a few brokerage analysts, HDFC Bank’s net interest income (NII) is expected to grow in double-digits, in the range of 18.1-26.4 per cent, supported by healthy loan growth and stable margins. Key Points
FinancialexpressGrowth of Asian emerging, developing economies to be credit strengths for many govts in APAC: S&P
S&P Global Ratings predicts that Asian emerging and developing economies will remain a credit strength for many governments in the region, with 19 out of 21 countries receiving a sovereign rating in the Asia-Pacific region having a stable outlook. The agency expects stable outlooks on most long-term foreign-currency sovereign ratings in the region, with few changes expected in the next year or so. Key Points
Economic TimesRaimondo: crucial US, China have stable economic relationship
By David Shepardson BEIJING (Reuters) - U.S. Commerce Secretary Gina Raimondo opened talks with Chinese government officials on Monday saying it is "profoundly important" the world's two largest Key Points
ThePrint
ETMarkets Smart Talk: Microcap space looks a little overvalued; auto, pharma, banks likely to lead next le
Sushant Bhansali, CEO of Ambit Asset Management, states that the microcap space appears overvalued and could experience a significant correction. He remains positive on sectors such as autos, pharma, banks, discretionary consumption, and chemicals. Bhansali believes that the Indian economy's fundamentals are strong, with expectations of continued double-digit growth for the Nifty index. He mentions that rising crude oil prices may delay rate cuts but is not overly concerned due to stable currency and strong economic fundamentals. Key Points
Economic TimesSmartphone sales to remain subdued this year: Experts
India’s smartphone market is expected to remain subdued in the current year. According to the industry, challenging economic conditions, increasing lifecycle of smartphones and stable 5G handset prices are the major reasons that would impact the sales. Key Points
The Tribune IndiaPrices of essential food items to remain stable during festive season: Food Secy Sanjeev Chopra
Union Food Secretary Sanjeev Chopra has assured that the prices of essential food items will remain stable during the festival season. The decision on allowing sugar exports will be made once the agriculture ministry provides production estimates for sugarcane. Chopra stated that the government has taken measures to ensure price stabilization, such as using trade policy and stock limit norms. Key Points
Economic TimesIndusInd Bank Q2 Preview: Profit likely to grow 20% YoY on solid loan growth, stable asset quality
IndusInd Bank Q2 Preview: The bank's net interest income (NII) is expected to grow 16% year-on-year (YoY), while the net profit is seen rising 20% YoY, according to an average estimate of five brokerages. The lender reported loan and deposit growth of 4% quarter-on-quarter (QoQ) in its business update. Key Points
Economic TimesS&P raises outlook for India to ‘positive’
After a gap of about 10 years, S&P Global Ratings on Wednesday upped India’s outlook to positive from stable on robust growth prospects for next... Key Points
The Tribune India
FY25 outlook bright, need to watch out for CAD: Finmin
India's economic outlook for FY25 is positive with strong growth, stable inflation, and robust external account. The government's capital push boosts private investments. Focus needed on increasing domestic savings, monitoring global challenges, and attracting foreign investments for sustainable growth. Key Points
Economic TimesKotak Mahindra Banks Q3 Results: Should you Buy, Sell or Hold the stock post earnings?
Kotak Mahindra Bank: The Kotak Mahindra Banks Q3 stand alone net profit at ₹3005 growing 7.6% YoY missed estimates of some analysts. However the same was due to one offs . Key Points
mintIndia's Goldilocks position getting questioned: Jefferies
In a Goldilocks situation, an economy sees a mix of steady growth and low inflation. India's economy has been seen to be stable in an uncertain global environment in the past few months. Key Points
Economic TimesTamil Nadu: Arrested minister Senthil Balaji undergoes bypass surgery at private hospital in Chennai
underwent a beating heart coronary artery bypass surgery at the Kauvery Hospital. His condition is reported to be stable. Key Points
Financialexpress