This week, investors will be focusing on the quarterly results of some major companies. Besides the F&O expiry, Bank Loan Growth data in India, along with GDP Growth Rate in the US are major market events that will keep the markets buzzing.
HDFC Bank s deposit growth is slower than expected, leading to a need to slow down credit growth. However, the extra capital requirement has peaked out, and the predicted fall in ROE has already started. Despite the current fall in stock price, there is still potential for a reasonable double-digit growth in HDFC Bank. This presents a buying opportunity, especially for those with a bullish view. HDFC Bank remains a strong candidate for a core portfolio.
The banking industry had high and low points in 2023 but investors would have made more money buying the NIfty than the bank index. While hopes are pinned on a better 2024, banks have a lot of issues they need to fix
The largest small finance bank saw its advance portfolio rising to Rs 67624 crore while gross deposits were at Rs 80120 crore. The bank securitized loan portfolio of Rs 2,738 crore during the quarter to diversify funding profile and optimise cost, according to the provisional quarterly data filed with the stock exchanges.