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The average price target on Axis Bank of all analysts compiled by Bloomberg following the second quarter results is ₹1,169.78, implying an upside of almost 20.18% over Thursday's closing.
Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) announced a monthly dividend on Monday, October 23rd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.026 per share on Friday, December 1st. This represents a $0.31 dividend on an annualized basis and a yield of […]
The selection of an external candidate was contrary to the wide-held expectation of an internal candidate taking over.
Equitas Small Finance Bank's MD & CEO, PN Vasudevan, expects the net interest margins (NIM) for the full year to be around 8.5%, with exit NIMs for the year projected to be around 8.25-8.3%. He stated that while there may be some pressure on the margin due to increased interest costs, the impact will be moderate as most old deposits have been repriced. The bank also anticipates continued growth of 25-30% in the coming years, supported by serving underserved segments and strong capitalization.
Independent market expert Mahantesh Sabarad believes that while the margins of HDFC Bank have not disappointed, the phase of improvement in asset quality seems to be over and future growth may not be uniform across the sector. Sabarad also mentions that the NIM (Net Interest Margin) number is slightly better than expected, and the solid profitability is due to a decrease in overall costs. He cautions that it is too early to determine if HDFC Bank can sustain its growth rate of 18-20% in the coming quarters.