Kotak Mahindra Bank: The domestic brokerage said that the recent changes shall hurt growth and profit at least for 12–18 months. It has cut target multiple sharply to 1.7 times PBV FY26E from 2.2 times
Indian private banks anticipate that loan growth will remain in the "high teens" over the next fiscal year, despite challenges in raising deposits and increased capital requirements set by the Reserve Bank of India (RBI). While the RBI raised capital requirements for personal loans and credit cards, banks, including Kotak Mahindra Bank and IndusInd Bank, plan to maintain robust loan growth.
Indian private banks expect growth in loans to sustain in the high teens over the next fiscal year despite a struggle to raise deposits and tougher capital requirements imposed by the central.
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Though crude prices eased a bit on Monday, Brent and WTI contracts still remain elevated above $90 per barrel. On the other hand, US 10-year yield hovers near the 5 percent mark, making the case for equities weaker