ICICI Bank, YES Bank, and HDFC Bank are set to release their Q4 earnings, with HDFC Bank anticipated to show a net profit increase between 2.5% and 7%. ICICI Bank is projected to reveal a double-digit net profit growth, potentially rising by 10-15%. Brokerage firms have provided estimates for both banks’ net interest income, indicating positive growth.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction