The global investment bank raised earnings for SBI by 3-5 per cent. It has factored in better credit growth as it is well-placed to gain market share. Net interest margins (NIMs) may be range-bound as the share of corporate credit rises. Healthy credit growth and low credit costs will support earnings growth, said the note.
India equity surge brightens outlook for exchanges, brokerages
India’s equity market is witnessing a vibrant revival, boosting earnings prospects for brokerages and exchanges. A surge in trading activity, spurred by favorable market dynamics