Mumbai: India’s non-state banks are likely entering a period of margin compression, deterioration in asset quality, rising provisions and high credit costs, the June-quarter results for most private sector lenders have signalled. Banks are also expected to see intense competition in deposit accretion that could push up fund costs. Apart from the seasonal impact, heightened … Read more
Mumbai: Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India’s tougher draft guidelines on the financing and accounting of project loans. The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance … Read more
Mumbai: Analysts at most top brokerages reduced or retained their share price targets on Bajaj Finance after the company’s March quarter results showed net interest margins are under pressure, raising concerns over its near-term outlook. The stock fell 7.7% Friday to close at ₹6,731. The average analyst price targets on Bajaj Finance after the fourth … Read more
