Despite various headwinds, India Inc. Overall is “significant optimistic” about economic growth. The majority of them feel the economy will increase over the next 12 months despite the problems related to Covid-19 and global headwinds, the annual Global CEO PWC survey found. This survey spoke with 4,446 global CEOs in 89 countries and regions, including […]
Buy HDFC Bank; target of Rs 2000: Motilal Oswal
Oswal Motilal Research Report on HDFC Bank HDFCB reports an online quarter, with the growth of NII / PPOP 13% / 10.5% YoY. Pat grew 18% YoY to INR103.4B (in line). Profitability stands stronger even though the bank creates an additional provision of INR9B, takes a total buffer to ~ INR86.4B (~ 70bp loan). The […]
HDFC, SBI hike fixed deposit interest rates, right time to invest in FDs?
New Delhi: Bank State of India (SBI) and HDFC, the two largest banks in the country, have revised interest rates offered on fixed deposit investments. The largest public sector bank in the country, SBI, has increased deposit rates remain at 10 basis points or 0.10 percent. The state-owned bank has increased FDS interest rates due […]