ICICI Bank – Lower Provision Despite Increasing Credit Risk
ICICI BANK: ICICI had a linked quarter FY 3Q21 poor quality earnings increase of 16.2%. Net new NPLs increased 43.7% on an annualized basis, and a...
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LIC Housing Finance – This Is How It Should Be Done
LIC HOUSING FINANCE: We applaud for LIC for properly managing its balance sheet. FY 3Q21 results declined 8.7% linked quarter but expect bottom...
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Axis Bank – Evil Result
AXIS BANK: Axis reported a 33.8% decline in linked quarter FY 3Q21 results. Given the hefty increase in net new NPLs, results make little sense....
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Emerging Market Overweights Series. Part 1: Indian Financials
Emerging Market Overweights Series. Part 1: Indian Financials. Analysing the make-up of the overweight in Indian Financial stocks.
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Indian Railway Finance IPO Trading - Not a Bad Subscription Result
Indian Railway Finance Corporation (IRFC) raised around US$630m via selling new and existing shares in its Indian IPO. The shares will start...
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