ICICI Bank – Sinking Not Swimming
* Poor Results At A Better Bank: ICICI Bank (ICICIBC.IB) [ICICI] reported a terrible FY 4Q20 result of INR 12.2 bn – declining INR 29.3 bn or 70.5%...
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Axis Bank – Preparing For a Long Winter
Results Were Awful: In contrast to 1Q20 Indian bank earnings results to date, Axis Bank (AXSB.IN) [Axis or AXSB] reported a loss of INR 13.9 bn,...
327 Views
Muthoot Finance – Goldmember
* India’s Premier Gold Lender: Muthoot Finance Ltd (MUTH.IN) [Muthoot] is the largest gold financing company globally. Gold lenders are direct...
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India's Bear Stearns Moment
With large parts of India still in lockdown, there have been apprehensions that there could be an increase in corporate defaults, especially from...
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Kotak Mahindra Bank – Power Forward
Here’s The Deal: The Board of Directors approved an equity capital raise of up to 65 mn shares – which would imply an INR 73 bn capital raise....
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