The third quarter earnings season will kick start with the IT earnings next week. Given the near-term headwinds, delays in discretionary and dollar-rupee movement, what’s the market expectation? Most analysts believe that margins are set to improve and utilisations may move up but growth may stay muted. Kotak Institutional Equities believes that the deal trajectory […]
Day: November 26, 2023
HDFC Bank flags hit to asset quality, margins post merger; shares slide 4%HDFC Bank flags hit to asset quality, margins post merger; shares slide 4%
India’s top private lender HDFC Bank has warned that its merger with HDFC Ltd would hit key financial metrics including its margins and bad loan ratios, sending shares down 4% on Wednesday and dragging the blue-chip Nifty 50. HDFC Bank’s gross bad loan ratio is expected to have increased to 1.4% as of July 1 […]