PNB Housing Finance – Lost Cause
* Losses Begin: PNB Housing Finance (PNBHOUSI.IN) [PNBHF] reported FY 4Q20 losses of INR 2.4 bn – declining 202.2% linked quarter and missing...
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State Bank of India: Likely AT1 Downgrade Already Priced-In
The downgrade of State Bank Of India's (SBIIN) US$-denominated Additional Tier 1 (AT1) bond by Moody’s Investors Service is almost certain....
296 Views
Shriram Transport Finance – A Bridge Is For Sale In Brooklyn
*Weak Earnings Across The Board: Shriram Transport Finance (SHTF.IN) [Shriram] reported FY 4Q20 net income of INR 2.2 bn – missing consensus by...
261 Views
State Bank of India – Rabbits From A Hat
*Operating Losses: State Bank of India (SBIN.IN) [SBI] reported FY 4Q20 bottom-line results of INR 35.8 bn, increasing INR 20.0 bn (126%) linked...
273 Views
Bank Credit Weekly: Return of Risk-On Sentiment
For every Asia-headquartered bank bond that widened during the week, eight tightened. Risk-on sentiment rose in Asia’s high yield market with...
288 Views