IDFC First Bank reported a broadly in-line set of numbers with strong business growth and better cost income though higher credit costs. NIM was down 13bps QoQ to 6.22%, mostly on higher growth in investment and rise in LCR (to 118% vs. 114% QoQ).
Broad-based market rally unlikely without FPI flows & stronger growth: Nilesh Shah
The broad-based rally at least at this point of time looks difficult, unless and until it is supported by growth or it is supported by