Why private banks are divided over corporate credit outlook
Some private banks say private capital expenditure is back; others see muted activity
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Some private banks say private capital expenditure is back; others see muted activity
Axis Bank Q4 results review: Phillip Capital said the Q4FY23 performance was marginally below its expectation but organic loan growth and asset quality surprised it positively.
Last week, Adani shares rallied between 10% to 44% with Adani Enterprises emerging as the best performer in the Group's stocks. The strong performance comes after mega block deals in four Adani firms. .This lifted broader markets with Nifty PSU Bank witnessing the most buying.
The proposed fundraising via FPO comes when concerns have been raised about Adani's elevated debt levels and large promoter shareholding. As of September 30, 2022, Adani's net external debt is around ₹33,517 crore.
Most lenders have increased lending rates after the Reserve Bank of India (RBI) tweaked its repo rate by to 50 bps earlier in August in a bid to tackle inflation.