India: The Indian Rupee – Next Stop INR 70/USD, G-SEC 10-Year Yield – 8%
Since the publication of our January 2018 report, the spread between one-year Indian G-SEC and the U.S. Treasury has declined approximately 50bps....
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HDFC Bank – New Pillar 3 Disclosure Reveals Broad Based Credit Quality Deterioration
With its latest results, HDFC Bank Limited (HDFCB IN) shows sharp deterioration in credit quality. We turn its Pillar 3 disclosure to better...
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HDFC Bank – Granular NPL Data Worries
HDFC Bank Limited (HDFCB IN) reports substandard loans at INR57.2 billion in 3Q18. The increase QoQ is substantial at nearly INR5 billion. With...
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The Reserve Bank of India–Between a Rock and a Hard Place, Higher Yields & Higher NPAs Forthcoming?
The Reserve Bank of India upheld the status-quo by maintaining the liquidity adjustment facility rate at 6%. However, the vote was not unanimous,...
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HDFC Bank: 138% Higher Provision Costs
While the market may have liked the HDFC Bank numbers, to us the figures show that there is indeed inherent weakness coming through. The third...
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