IndusInd Bank shares recovered slightly despite reporting its first quarterly loss in two decades, yet analysts remain wary. Brokerages have cut earnings estimates, citing concerns about governance, asset quality, and the upcoming CEO transition. While some see potential value, a broader consensus anticipates a slow and uncertain turnaround for the bank.
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