HDFC Bankās provisional numbers for Q3 FY25 revealed muted loan growth, much below the industry level, as the bank focused on deposit accretion and improving its loan-to-deposit ratio (LDR). Given the significant shortfall in deposits following the merger of HDFC Ltd with the bank in July 2023, the lender has been strategically going slower on…
Mumbai: L&T Finance Ltd posted record-high disbursements of retail loans in third quarter ended December, but its asset quality woesāespecially in the lenderās microfinance and rural portfoliosāweighed on profitability. The non-banking financial services company (NBFC) disbursed retail loans worth ā¹15,210 crore during the quarter, up 5% on-year and 0.8% on-quarter, led by healthy growth in…
Hereās a quick look at stocks likely to be in focus in today’s trade. HDFC Life: HDFC Life Insurance Company posted a consolidated net profit of ā¹421.31 crore for Q3FY25, marking a 15% year-on-year rise from ā¹367.54 crore in the year-ago period. The insurerās net premium income grew by 10% to ā¹16,832 crore. The profit…
The recent market correction has meant a reduction in the price-earnings premium of India over other emerging markets from around 20% levels to ~13-14%. The near- term trend of greater investor flows towards developed markets will keep the India premium in check, believes Suresh Soni, CEO, Baroda BNP Paribas MF. This notwithstanding he expects SIPs…
Markets have been swinging between gains and losses in the last week. Even after an almost 2 percent fall in August so far, Sushant Bhansali, CEO, Ambit Asset Management, does not foresee any substantial correction in the market in the near future. Although, volatility could persist, driven by both domestic and global economic data, he…
The corporate earnings for the first quarter of FY25 largely aligned with expectations, driven predominantly by domestic cyclicals, according to a recent review by Motilal Oswal Securities Limited (MOSL). Significant contributions to the overall growth came from sectors like Healthcare, Real Estate, Capital Goods, and Metals, while earnings were weighed down by Oil Marketing Companies…
