Suresh Ganapathy of Macquarie says a 30-40 basis points lending rate cut will result in 15-20 bps compression in NIMs for PSU banks and maybe just a 10 bps hit for private sector banks
Posts tagged MC
50 bps rate cut won’t impact economy in big way: Macquarie (30-09-2015)
Govt cuts natural gas prices by 16% to $4.24 per mmBtu (30-09-2015)
Speaking to CNBC-TV18, Ex-ONGC head, RS Sharma said the development is a big negative and the government will have to work to revive formulation in order to promote the exploration and production (EP) sector.
Realty mkt may open up post RBI rate cut: Oberoi Realty (30-09-2015)
The Reserve Bank of India (RBI) lowered the benchmark repo rate by 50 basis points to 6.75 percent, while keeping CRR and SLR unchanged at 4 percent and 21.5 percent, respectively.
More bad news for Tata Motors as SP outlook cut to stable (30-09-2015)
The demand slowdown in China and continuing capital expenditure at Jaguar Land Rover Automotive (JLR) will result in negative free operating cash flows and weaker financial ratios for Tata Motors in fiscal 2016 than we previously expected, says Standard Poor’s
See 5-6% cut in Nifty EPS this yr; growth a concern: Kotak (30-09-2015)
Sanjeev Prasad of Kotak Institutional Equities says interest in emerging markets is low and India too will get impacted because of FII redemption pressures
Blue Star Infotech dips 20%, sells IT business to Infogain (30-09-2015)
Infogain Inc., a ChrysCapital portfolio company is going to acquired its IT business and its subsidiaries in USA, UK and Singapore for Rs 180.80 crore, payable upon completion of the sale.
Lending rates likely to reduce by 150 bps in 1-1.5-yr: CLSA (30-09-2015)
Nandurkar believes key beneficiaries of falling rate environment in his coverage universe will be IndusInd Bank, HDFC, Maruti, property companies, Power Grid and leveraged companies, including IRB Infra and PVR.
Colgate’s India toothpaste biz to equal China in 2030: UBS (30-09-2015)
The report says Colgate India’s toothpaste business is likely to be almost as big as Colgate’s China business by 2030.
Expect market to open on positive note: Angel Broking (30-09-2015)
According to Angel Broking, markets are expected to open on a positive note tracking the SGX Nifty and the Asian cues.
Nifty can gain at opening bell: Maximus Securities (30-09-2015)
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 43 points at the opening bell, says a report by Maximus Securities.