The stock’s resilient performance can be attributed to the company’s sustained business momentum, stable asset quality and comfortable capital adequacy. The company is currently in the process of digitising business activities, which is expected to improve customer acquisition and servicing. This together with healthy asset quality and loan growth is likely to support the stock in the medium term.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend