HDFC Bank flags hit to asset quality, margins post merger; shares slide 4%

BENGALURU, Sept 20 - India's top private lender HDFC Bank has warned that its merger with HDFC Ltd would hit key financial metrics including its margins and bad loan ratios, sending shares down 4% on Wednesday and dragging the blue-chip Nifty 50 .

The warning on non-performing assets was prompted by a sharp rise in bad loans in the erstwhile housing financier's corporate loan book, Nomura analysts wrote in a note, downgrading the stock to"neutral" from"buy". About 11.6 million HDFC Bank shares changed hands in early trade on Wednesday, versus a 30-day average of 21.1 million.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Indian stocks drop over 1%, led by HDFC Bank, RelianceMarket News
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »

Posthaste: Why the Bank of Canada pause won't save the housing market this timeBank of Canada interest rate pause is not likely to revive Canada\u0027s housing market like it did in the spring, economists say. Find out more
La source: fpinvesting - 🏆 43. / 63 Lire la suite »

Posthaste: Why the Bank of Canada pause won't save the housing market this timeNo real recovery until the Bank cuts rates, say economists
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stocks mixed as Wall Street braces for Fed meeting: Stock market news todayWall Street fixed its focus on an upcoming Federal Reserve meeting where the central bank will issue its next interest rate decision: stock market news today.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stocks slide ahead of Fed meeting, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »