According to him, interest rates will go down further, but banks must pass them on to companies.
The weak opening of the European markets and a sharp deprecation in the rupee against the dollar weighed on stock prices
Barring three stocks - Eicher Motors, Shree Cement and Bajaj Finance - all the Nifty components have gained during this two-week period
Analysts at Kotak Institutional Equities expect banks to report healthy earnings due to the Reserve Bank of India's loan moratorium
The deposit base of the private sector lender stood at Rs 11.46 trillion in Q4FY20 compared to Rs 9.23 trillion in the same period last year
Consumer goods major is down 4.2% since Feb 20, against 33% fall of HDFC Bank
Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date
Here is an FAQ by HDFC Bank, explaining how the stipulation by RBI will impact its customers
SBI informed customers that in some cases, deferring 3 EMIs on a home loan may force the borrower to pay 8 more EMIs
Largest private sector lender HDFC Bank said it would encourage customers with adequate funds to continue repayments to avoid the extra interest charges and tenor extension of the loan
RBI doesn't have a choice but to provide some relaxation on the asset classification norms, says Aditya Puri
Puri in an interaction with reporters said: "… the recommendations are with the search committee and before April, an appropriate person who will take the bank into the future will be announced"
HDFC Bank has urged people to use cheque drop boxes to help reduce crowding in branches
Valuation of Reliance Industries Ltd (RIL) eroded by Rs 54,961.45 crore to Rs 6,46,732.07 crore and that of HDFC dropped by Rs 54,479.15 crore to Rs 3,03,722.13 crore.
US-based Bernstein slashes rating to underweight, almost halves target price; UBS maintains positive stance
HDFC Bank slipped over 1 per cent to Rs 882 after global brokerage house Bernstein downgraded the stock to 'unerperform' and sharply slashed the target price to Rs 750 from Rs 1,400 earlier
The brokerage lowered the bank's rating to 'underperform' from 'market-perform' earlier, and lowered target price to Rs 750, from Rs 1,400
The fall in banking stocks has a huge bearing on the overall markets as the sector has the highest weighting in the benchmark indices
On Wednesday, the private lender's stock saw its steepest single-day fall of 9.9 per cent in nearly 12 years; it is down 33 per cent since all-time high
In the last one month, the Nifty Bank has tumbled 24.7 per cent as compared to Nifty's 23.64 per cent fall. Here are key levels for frontline banking counters.