In today’s briefing:
- US Banks – Weekly Loans Surge at Large Banks, With -Ve YoY Growth CRE, Jumbo Deposits Down
- #78 India Insight: Jio’s ₹40,000 Cr IPO, Eicher Motors’ 7% Rev Growth, and VI’s 5G Rollout
US Banks – Weekly Loans Surge at Large Banks, With -Ve YoY Growth CRE, Jumbo Deposits Down
- Weekly HFD for large US banks shows a profit-positive picture in latest data through 18 December
- Loan growth is accelerating in the week and in the past few weeks, with a steady rise in the pace of growth since late November
- Where large US banks are growing loans more aggressively, but seeing more negative growth in higher cost Jumbo Deposits, this can be highly positive for core income
#78 India Insight: Jio’s ₹40,000 Cr IPO, Eicher Motors’ 7% Rev Growth, and VI’s 5G Rollout
- Reliance Jio plans a Rs. 40,000 crore IPO, with pre-IPO placements underway, leveraging AI, satellite internet, and 5G growth.
- Eicher Motors posts 7% revenue growth, despite slight dip in Royal Enfield sales, with a strategic foray into electric vehicles.
- VI plans aggressive 5G rollout with 15% discounted entry-level plans, targeting 75 cities and aiming to rebuild its subscriber base.