Editorial IndusInd Bank In Trouble Over Whistleblower Allegations IndusInd Bank had a tremendous Q2 FY22 quarterly result after its profits rose by 72% YoY. Its Interest Income rose by 6.59%, Provisions and Contingencies fell by 7.6% and Gross NPA reduced by 2.77%. Despite such great results, IndusInd’s share price had a freefall last day. This piece covers the allegations made by a group […] Written by marketfeed Team November 10, 2021April 21, 2022
Editorial Federal Bank’s Stellar Q2 Performance: Analysis Federal Bank declared its financial results for the July-September quarter (Q2 FY22) on October 22. There was high demand for the stock in Dalal Street on the same day and surged ~8%. During the same period, ace investor Rakesh Jhunjhunwala added 2 crore shares of Federal Bank (~1% of the total equity share capital) to […] Written by marketfeed Team November 8, 2021April 21, 2022
Editorial Can IDFC First Bank Bounce Back from its Troubles? IDFC or Infrastructure Development Finance Company and its subsidiary IDFC First Bank (formed in October 2015) have been under fire over the past few months. The IDFC Management has organized an informal conference call on September 14 to address concerns from investors. The management was bombarded with questions about their poor loan book, unsatisfactory financial […] Written by marketfeed Team September 17, 2021April 21, 2022
Editorial Banks Q4 Results, NPA Bomb and More… In November 2020, we at marketfeed talked of an NPA or Non-Performing Asset time bomb which might go off around this time, sending banks into a pool of bad quarterly results. You can check out the article over here. During the first wave of COVID-19, when businesses took a hit, the Supreme Court had asked […] Written by marketfeed Team May 6, 2021April 21, 2022
Editorial Banks are Sitting On A Bad Loan Time Bomb! Indian Banks have performed unexpectedly and exceptionally well in the second quarter(Q2) of this financial year. Markets too were not sure of why the big banks in India are posting such good profits, reduction in bad loans, and improvement in asset quality. BANKNIFTY, the benchmark index for all the retail banks in India, too didn’t […] Written by marketfeed Team November 19, 2020April 21, 2022