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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A year in as chief, it looks like an uphill battle as the bank continues to window dress its metrics and gloss over questionable practices.
Numbers can be magical. One look at HDFC Bank’s 2021-22 second quarter earnings bears this out. It beat estimates by posting a 17.6% jump in profits and a similarly impressive 12.1% rise in net interest income, or the difference between what it earns from its lending activities and what it pays depositors. In the same three months ending September, the bank’s gross non-performing assets ratio stood at a mere 1.36%, the lowest in the industry. In the stock market, HDFC Bank has been the banking industry’s bellwether for years now and continues to be the third most valued company in …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
Aggressive expansion, continued dependence on its parent for business, and an adverse shift in the product mix weigh on profitability as well as investor sentiment.
