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Banks and financials were also worst hit with 28-42% decline in earnings estimates.
NARC, provision buffers to help banks contain Covid 2.0 damageAsset quality is still a major concern for many Indian banks even as non-performing assets (NPA), on average, could be contained, the global consultancy firm said.
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… Read MoreNCLT orders liquidation of Choksi’s Nakshatra WorldThe ruling came on an insolvency petition ICICI Bank filed around two years ago against the company, which was also allegedly involved in a money laundering case reported at the Punjab National Bank. The court appointed Santa… Read MoreNon-bank NPAs to rise, derail sector recovery: ICRAThe rise in the NPAs would be double that of the 40 to 50 basis points reported in the fiscal ended March 2021 as loans in risky segments like real estate, personal loans, micro finance, loans to SMEs and vehicle finance whic… Read MoreTraders add bets in oil & gas, metals and insurance countersReliance Industries could see further correction in share price while Apollo Hospitals Enterprise is expected to surge 8-10% more in the near-term.
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… Read MoreEuropean stocks deepen losses, airlines slump on UK travel ban woesThe pan-European STOXX 600 ended 0.6% lower, with the travel and leisure index down 4.4% to a one-month low.
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