Banking And Financial Services Sector Update - Large Private Banks To Retain Flavour: ICICI Direct 
A cashier counts Indian one hundred-rupee banknotes at an Oriental Bank of Commerce branch in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Banking And Financial Services Sector Update - Large Private Banks To Retain Flavour: ICICI Direct 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

The past few months have been eventful from a banking sector perspective as many important announcements and developments have taken place with the view of enabling a faster recovery in the sector.

Key events include budgetary announcement of formation of bad bank in order to reduce non performing asset burden of large banks, formation of Development Financial Institution to help infra lending, privatization of public sector undertaking banks and the Supreme Court’s order to quash standstill asset classification norms, pleas seeking complete interest waiver and extension of moratorium.

Click on the attachment to read the full report:

ICICI Direct Banking Sector Report.pdf

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