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Icra revised banking sector outlook to stable, expecting moderated credit growth. Net interest margins to compress due to rising deposit cost, potential rate cut leading to margin pressure from advances repricing. Healthy earnings and elevated CD ratio may pose challenges in deposit mobilisation. Credit costs steady at 0.8% of advances.
Das made this observation at a meeting with the MDs and CEOs of PSU banks and select private sector banks. Governor in his remarks complimented the banks on their improved financial performance and that of the whole banking sector.
Motilal Oswal is bullish on AU Small Finance Bank recommended buy rating on the stock with a target price of Rs 800 in its research report dated January 27, 2024.
Motilal Oswal is bullish on AU Small Finance Bank recommended buy rating on the stock with a target price of Rs 760 in its research report dated April 25, 2023.