What will drive rebound in economic growth, HDFC Bank's stellar Q2 show; all this and more on Moneycontrol Pro
HDFC bank’s Q2 performance reaffirms that while it is not immune to the economic slowdown, it’s definitely well-equipped to tide through this challenging period.
Ambuja's reported revenues of Rs 2,626 crore in Q3 CY19 were slightly higher as compared to last year
HDFC bank's Q2 performance reaffirms that while it is not immune to the economic slowdown, it is definitely well-equipped to tide through this challenging period
Almost all members of the MPC expressed their belief that the RBI should do more to push up demand and stoke growth
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What will drive the rebound in economic growth?
India’s economy is expected to slow down this fiscal but rebound next fiscal, according to the IMF. What will lead the recovery? Will it be higher investment growth, the result of the recent corporate tax cuts? The IMF’s database for its World Economic Outlook for October 2019 provides some clues. Read here to know more about them.
Ambuja Cements: September quarter results in line, outlook muted
Ambuja’s reported revenues of Rs 2,626 crore in Q3 CY19 were slightly higher compared to last year. Although volumes declined, profitability continued to improve. Given the domestic slowdown, near-term volume growth in the sector appears challenging due to stress in the real estate segment and curtailed government spending. Read here to know what our analyst makes of the stock’s prospects.
HDFC Bank’s Q2 show is stellar. Can it continue?
HDFC Bank, India’s largest private sector lender, has been consistently delivering 20 percent earnings growth for many quarters now. The bank broke new ground with net profit increasing by 27 percent year-on-year (YoY) in Q2 FY20. HDFC bank’s Q2 performance reaffirms that while it is not immune to the economic slowdown, it’s definitely well-equipped to tide through this challenging period. Read here for an investment view on the stock.
What the RBI MPC minutes mean for the markets
Almost all members of the Monetary Policy Committee (MPC) expressed their belief that the Reserve Bank of India (RBI) should do more to push up demand and stoke growth. This belief is reinforced by the fact that inflation dangers have receded. Read here to know what one should watch out for and what the MPC’s stance means for markets.
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Lakshmi Vilas Bank placed under moratorium, withdrawals capped at Rs 25,000; RBI proposes merger with DBS Bank
TN Manoharan, former non-executive chairman of Canara Bank, has been appointed as the administrator of the bank
The moratorium imposed on the crisis-ridden lender will be removed on Friday and depositors of LVB will be able to operate their accounts as customers of DBS Bank India from that day, said the Central bank
Ex-World Bank economist says RBI's proposal to allow businesses into banking is 'good-looking' step in 'bad direction'
Kaushik Basu added that there is a good reason that all successful economies have a clear line between industries and corporations on one hand, and banks and lending organisations on the other