Investors are scouting an unlikely corner of the stock market: Indian private sector banks

, which went from a price-to-book ratio of 5.5 to 4, is the most expensive among large private sector banks.The severity of the sell-off seems excessive to some investors and analysts, who believe shares of large banks, many of which have sturdy balance sheets and a modest exposure to the most susceptible pockets of the economy, are now looking relatively cheap compared to their fundamentals.

The central bank of India also announced a three-month moratorium on all term loans. Self-employed and small business borrowers will be most impacted and the trickle-down of stimulus benefits may be delayed, Credit Suisse said in a note."The market is witnessing huge short selling. Unlike many global markets in Europe and Southeast Asia, India has not banned short selling which is leading to a lot of hedge funds creating panic in the market.

"Banks like HDFC Bank, ICICI Bank & Kotak Mahindra Bank saw growth in deposits & loans, that exceeded the industry average in Q4. The recent price action in financials suggests larger, well-run private banks are getting differentiated over smaller private banks," Chadha said. Indian companies typically follow a financial year that runs from April to March.

Axis, ICICI Bank, IndusInd Bank, and RBL Bank are the next best-placed banks at 10-12% of their total loan book. State-owned banks and Federal Bank at 2%-5% of loans, are the most vulnerable.

Banking is risky business all heartless shareholders should take the smooth and the rough

They have some great ones!

👍

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank Stocks Are in a Ditch. Earnings Won’t Change That.When U.S. banks report first-quarter earnings this week, investors will get the best impression yet of how the coronavirus pandemic is weighing on the U.S. financial sector. thanks asshats who profit either way Poor things Or losses?
Source: WSJ - 🏆 98. / 63 Read more »

Stocks Fall as Investors Digest Oil DealS&P 500 futures retreated more than 1%, as investors weighed the impact of an agreement to withhold a record amount of crude from markets, with global demand weakened by the coronavirus pandemic. What does the Coronavirus do to you? ❓❓❓❓what are the symptoms of CoronavirusOutbreak... Maybe they should have eaten smaller portions AHAHAHAHAHAHAHHAHAA GET IT WALL STREET JOURNAL, BECAUSE YOU SAID DIGESTED I HAD YOUR NEWSPAPERS COME TO MY HOUSE FOR A WHILE AND NOW I CAN’T UNFEEL THEIR TEXTURE FROM THE IMPRINTS OF MY FINGERPRINT SKIN F...k stocks. They are artificial stuff.
Source: WSJ - 🏆 98. / 63 Read more »

Stock market bulls hope that the S&P 500 will rally further even as corporate earnings craterAs the coronavirus epidemic gathers steam in many parts of the U.S., equity investors appear confident its damage to the economy will be contained, but analysts warn that as large corporations provide more information about COVID-19’s impact on earnings recent gains could be in danger. Saving this for the next time some MAGA brags about the stock market like it means something
Source: MarketWatch - 🏆 3. / 97 Read more »