Budget 2020

Lofty valuations factor in key positives for risk conscious Kotak Bank: Analysts

NEW DELHI: ‘s March quarter earnings missed analysts’ estimates on the profit front led by lower-than-expected growth in net interest income (NII) and higher provisions. Analysts say the private lender has been risk conscious for a while, which has taken a toll on its growth. Analysts believe the stock will closely track growth momentum, which […]

Budget 2020

Kotak Mahindra Bank Q4 preview: Profit may jump 60%; provisions likely to stay high QoQ

NEW DELHI: is expected to report up to 60 per cent year-on-year rise in net profit for the March quarter on a likely drop in provisions, while provisions, too, are expected to remain elevated on a sequential basis. Other incomes may decline up to 70 per cent YoY, various brokerage estimates showed. The growth in […]

Budget 2020

HDFC Bank leads peer lenders over mobile transactions despite tech glitches

Despite facing multiple technical glitches in the past two years, HDFC Bank continues to lead over Bank and on overall daily and absolute mobile transaction values amongst private banks, almost 1.5-2x times it competitors, data released by advisory and research firm Bernstein showed. In spite of its scale SBIs Yono continued to lag on user […]

Budget 2020

Flushed with liquidity, banks slash home loan rates to decadal low

Flushed with excess liquidity as general credit demand still way below the desired levels, leading home loan players State Bank of India, HDFC, ICICI Bank and have slashed their rates to a decadal low, leaving consumers spoilt for choices.The interest rate war comes as banks are sitting on huge excess liquidity which as of last […]

Budget 2020

Kotak Mahindra Bank announces launch of Kotak Remit on mobile

NEW DELHI: on Monday announced the launch of its outward forex remittance service, Kotak Remit, on mobile that will allow users to send money abroad directly from their mobile phones. The outward forex remittance solution is live on the Kotak Mobile Banking App. For the first time, Kotak customers can conveniently transfer money internationally to […]

Budget 2020

Don’t get into infra cos that are dependent on state, centre projects

Helios has always focused on three themes which have given it a long runway of growth, says Dinshaw Irani, CIO, Helios India. There are lots of ways to make money in this market. Metals, banks are going higher. IT is holding on. Pharma comeback has been real. It is a problem of plenty, isn’t it?The […]

Budget 2020

Bulls return: D-Street defies weak global cues as banks lead market rally

NEW DELHI: Investors in India defied weak global cues to push benchmark indices higher on Tuesday. While IT and PSU Bank stocks remained under pressure, bulls returned to the market riding on Kotak Mahindra Bank and other private banks. The indices recovered a large part of their losses from the previous session, returning back to […]