Rallies in the markets may not present a clear picture of certain key developments. This is the very nature of the markets. A little bit of digging helps reveal stories which may not be apparent in the broad sentiment which engulfs the markets. Take for instance, the banking index. In the past one year ended … Read more
Mumbai: After every blow up in the financial markets, credit rating agencies (CRAs), often the whipping boys in a fiasco, complain how they have been kept in the dark by lenders and financial institutions holding back sensitive facts. Will this ever change? Hints are that it finally may. For the first time, leading banks have … Read more
“I think the larger private sector banks have also consolidated for a long time. So I think they also present good opportunities, stocks like ICICI, Axis, or even if you want to take a higher risk, instead of taking it on a PSU bank, you could take it on a bank like IndusInd Bank, etc,” … Read more
Mumbai: The likely shift to provisioning based on expected losses from incurred losses could be cumbersome for some public sector and regional private sector banks, according to analysts. Even as most banks have strengthened capital buffers post Covid-19, expected credit loss (ECL)-based norms could release existing provisioning for large banks such as ICICI Bank and … Read more
Within the banking space, I am sticking to very small, private sector banks, says the Founder & CEO, Sana Securities You are saying that the piggyback effect of what has happened on Wall Street overnight has played out on our own markets today. Is that broad-based selling and does it seem like banks are taking … Read more