Ajay Bagga expects Indian markets may have bottomed out, citing minimal Q1 downgrades and signs of recovery. He sees the upcoming GST Council meeting and potential consumption tax cuts as critical catalysts for growth.
The additions were led, once again, by the country’s largest issuers. HDFC Bank topped the list, adding 163,000 net new credit cards and edging past
Our credit cost was 2.13% of loans including the microfinance portfolio, against a guidance of 2.10%. This year, encouraged by seeing our credit quality in
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