“Major private banks like Kotak, Axis and HDFC have reported their earnings which have not been up to the mark and most missed estimates,” said Shreyansh Shah, Research Analyst, Stoxbox. “Investors have booked profits following the results leading to the decline in the index.”
IndusInd raises Rs 11,000 crore via CDs in confidence boost
The fundraising suggests a likely return of investor confidence in the bank after the Reserve Bank of India on Saturday said the private lender has