Housing Development Finance Corp. - Provision Buffers Simply Do Not Exist
*Weak Results Will Continue For Some Time: Housing Development Finance Corp. (HDFC.IN) [HDFC] reported FY 4Q20 profits of INR 22.3 bn – missing...
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Kotak Placement - One Done, One More to Go
Kotak Mahindra Bank (KMB IN) announced yesterday that its shareholders had approved its equity raising plans. It promptly launched its QIP today to...
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IDFC First Bank – False Dawn
*Poor Result, Despite Profit Anomaly: IDFC First Bank (IDFCBK.IN) [IDFC] reported FY 4Q20 results INR 7.2 bn – the first positive result after six...
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EM Growth Vs Value: Maximum Divergence
The nature of the COVID-19 induced sell-off has favoured Aggressive Growth strategies over Value this year. During this period, the divergence in...
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Bajaj Finance - Shocking Net New NPL Increase
* Positive Operating Jaws, Despite Hefty Provision: Bajaj Finance (BAF.IN) [Bajaj] reported operating profits for FY 4Q20 of INR 891.6 mn –...
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