Weak Credit Growth And Rate Cuts to Squeeze Profit at India’s HDFC, ICICI Banks
(Bloomberg) — India’s top private-sector banks HDFC Bank Ltd. and ICICI Bank Ltd. could see profits come under pressure from loan growth at a three-year low and thinning margins driven by central bank rate cuts, as they report earnings this weekend. Margins face pressure from the Reserve Bank of India’s rate cuts — 100 basis … Read more