Margin, deposit pressure likely to spoil banks’ June quarter show

Margin, deposit pressure likely to spoil banks’ June quarter show

Indian banks are expected to report lackluster earnings growth for the June quarter (Q1FY25), hurt mainly by margin pressures with lenders unable to raise deposits at a pace matching credit expansion. Some early signs of stress were already visible in the Q1 updates of various banks. For instance, state-owned Punjab National Bank reported quarter-on-quarter deposits … Read more

Pickup in credit cycle, real estate are long term drivers of India Inc growth, says Tata MF Equity Report

Pickup in credit cycle, real estate are long term drivers of India Inc growth, says Tata MF Equity Report

Notwithstanding a slowdown in the large economies such as those of US, UK and Europe, India’s economy is seen to be growing since there is a limited impact of other economies on India’s GDP/ profit growth.  This is reflected, among other key points, in the Tata Mutual Fund’s Equity Outlook Report for March 2024.    … Read more