“The bank has demonstrated its ability to execute and deliver a strong performance. Accelerated investments to uplift the franchise to sustain growth and expand more streams of revenue and activities, with the eventual goal of becoming a universal bank. The objective is to maintain a strong credit filter, granular growth in assets and liability along with sustaining stable spreads, all of which should bode well for future earnings growth,” Sharekhan said in a report.
US stocks: US market rises on the day but falls for the week; bond yields and Iran in focus
Major U.S. stock indexes finished Friday higher, but recorded weekly declines. Investors reacted to fluctuating government bond yields and Middle East developments. Stronger services sector