A key factor that could drive IndusInd Bank’s recovery is the appointment of a new CEO with a longer-term tenure, according to Pranav Gundlapalle, Senior Analyst for India Financials at Bernstein. He believes that bringing in an external candidate with stability and credibility could restore market confidence. Bernstein maintains an outperform rating on IndusInd Bank […]
Derivative accounting issues may not be limited to IndusInd Bank, says Abizer Diwanji – CNBC TV18
The recent issue with IndusInd Bank’s derivative accounting may not be a case in isolation, and other banks could also face similar problems. Financial expert Abizer Diwanji, Founder of Neostrat Advisors explained that managing derivatives is complicated, and mistakes in how banks record them can happen across the industry. Karan Gupta, Director & Head – […]
Ujjivan Small Finance Bank shows strong deposit growth, modest loan book expansion in Q3 update – CNBC TV18
Ujjivan Small Finance Bank (USFB) on Saturday, January 4, 2025, announced its third-quarter business update for the period ending October-December for the financial year 2024-25. The bank reported double-digit growth in deposits and a steady increase in its loan book, although disbursements saw a slight decline compared to last year. Company Value Change %Change USFB’s […]
Union Bank of India expects credit growth of 10-11% for FY25 – CNBC TV18
Srinivasan Varadarajan, Non-Executive Chairman of Union Bank of India, expects credit growth to in the range of 10-11% for FY25. In an interview with CNBC-TV18, Varadarajan said that while credit growth may not surge dramatically, it is expected to stay steady or slightly lower across the banking system in the coming quarters. This is the […]
Is this CIO booking profits in infrastructure, defence, and power stocks? – CNBC TV18
While the infrastructure, capital goods, defence, and power sector stocks have performed exceptionally well in recent quarters, it’s not necessarily time to exit these sectors just yet, according to Ashish Gupta, CIO at Axis AMC, who manages nearly ₹1,700 crore in funds. “If we look at June quarter earnings, we saw these sectors continue to […]
Flagging deposit growth at Indian banks is a myth, says a new report – CNBC TV18
The perception that deposit growth at Indian banks is flagging is being debunked as a myth, according to a recent report from SBI Research. The report, titled Analysis of SCBs Deposits Growth: This Time It’s Different, highlights that banking sector deposits since FY22 have grown by ₹61 lakh crore. This outpaces credit growth, which stands […]
FM Sitharaman to review deposit growth and CD ratios of public sector banks on August 19 – CNBC TV18
Finance Minister Nirmala Sitharaman on August 19 will lead a comprehensive review of the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs). The review will focus on key financial metrics, including deposit growth and credit-deposit (CD) ratios, as well as asset quality.The government is also expected to discuss the issuance of the […]