“Loan loss provisions continued to recede due to better recoveries and healthy provision buffers, thereby leading to overall beat on profitability,” mentioned Emkay Global Financial Services in a sector report. The brokerage expects overall NPA ratios to trend down further led by receding stress pool and better credit growth trajectory.
India top market for me, but regulatory red tape holding it back: Mark Mobius
Mark Mobius reaffirmed his bullish stance on Indian equities, despite geopolitical tensions with Pakistan. He criticized bureaucratic hurdles slowing foreign investments and urged investors to