While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight … Read more
PN Vasudevan, MD & CEO, Equitas Small Finance Bank, says “NPA has moved up from 2.21% to 2.39% in the third quarter. By and large, NPA is fairly under control and the third quarter typically for us is a seasonally weak quarter from collections because in most of South India, we get the heaviest rains … Read more
Mumbai: HDFC Bank shares slumped 8.4% on Wednesday – its biggest single-day drop since March 2020 – as concerns over the bank’s future profitability triggered a sharp sell-off. The private lender’s third-quarter results were in line with analyst estimates, but Dalal Street focused on the likely pressure on net interest margins (NIMs) – the difference … Read more
