Indian Banks’ earnings growth forecast halved amid economic caution and high deposit costs
Indian banks are facing a significant slowdown in earnings growth, potentially halving to 6.5% in FY26 due to a cautious economy and reduced core profits. Muted credit demand, high deposit costs, and RBI’s measures to control unsecured lending contribute to this deceleration. However, a rebound to 16.1% is expected in FY27 with anticipated rate cuts […]
HDB Financial Services’ Rs 12,500-crore IPO to open on June 25
HDB Financial Services, HDFC Bank’s NBFC arm, is launching its ₹12,500-crore IPO on June 25, with a price band of ₹700-740 per share. The IPO, closing on June 27, includes a fresh issue of ₹2,500 crore and an offer for sale of ₹10,000 crore by HDFC Bank.