State Bank of India anticipates lackluster Q1 results due to margin dips and slow loan growth, while HDFC Bank projects a profit increase driven by core operating income. Overall, banks face challenges like muted loan growth and margin compression. Strong treasury gains may offer some cushion amidst weak earnings and rising pressure on margins across the sector.
RBI draft for upper layer non-banks affects CICs disproportionately, raises compliances costs
New Reserve Bank draft on upper layer non-bank finance companies disproportionately impacts core investment companies by increasing compliance costs. Mandatory listing requirements could prove onerous