Budget needs to deliver for markets to move higher: Sandip Sabharwal

Budget needs to deliver for markets to move higher: Sandip Sabharwal

“So, my view is that if the budget disappoints and I think the only way it can disappoint is if they do not give relaxation on personal taxation and those have to be significant,” says Sandip Sabharwal, asksandipsabharwal.com.What is the anticipation? I know no correction is anything to worry because if election outcome is anything … Read more

Deposit growth improves at private banks in Q4, but at higher costs

Deposit growth improves at private banks in Q4, but at higher costs

On a sequential basis, HDFC Bank, ICICI Bank, and Axis Bank reported a faster growth in deposits for the March quarter compared with the credit growth while IndusInd Bank and Yes Bank showed marginally lower growth in deposits than advances. Synopsis While these lenders were able to increase deposits at a faster clip during the … Read more