However, the rates are now at course correction. Lending rate on fresh loans is on a clear upward trajectory, while lending rate on outstanding loan book has followed a similar trend indicating disciplined lender behavior. The spread between outstanding loan yield and average term deposit rate has sustained at a healthy level, especially for private banks. This means the spread or margin as denoted by NIM (Net Interest Margins) to see continuous improvement – positive for the earnings growth for lenders.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing