“After being severely impacted during the previous corporate cycle, PSBs are gradually improving their asset quality,” said Haitong’s analysts Darpin Shah and Nikhil Vaishnav in a note to clients. “Further, these banks are more focused on better-rated corporates and granular loans, which provides some comfort on the asset quality here-on.”
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires