Increasing geopolitical and geoeconomic risks, rising crude oil prices, a falling Indian rupee, and heavy foreign capital outflows have wreaked havoc on the Indian stock market. While most sectoral indices are in the red, the banking pack is witnessing a heightened selloff. The Nifty Bank index has crashed 8% so far in March, with stocks…
Banking Sector Outlook: Banks like Axis Bank, Federal Bank, RBL Bank, IDFC First Bank, Ujjivan SFB and Equitas SFB have given guidance of improving margin trajectory from stable… highlights The outlook for the banking sector remains strong due to strong credit growth, improving funding, stable NIM and improved asset quality. The outlook for India’s banking…
Brokerage house Motilal Oswal has maintained its positive stance regarding the leading private sector bank ICICI Bank… highlights Motilal Oswal has given a target of ₹ 1,750 while maintaining BUY rating on ICICI Bank. The brokerage is confident of the bank’s loan growth, strong asset quality, controlled credit costs and stable management. From the current…
