Banking Sector Update - Covid-19 Resurgence, Firming Rates Pose Interim Risks: ICICI Securities
A customer writes on a cheque deposit slip at a bank branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Banking Sector Update - Covid-19 Resurgence, Firming Rates Pose Interim Risks: ICICI Securities

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 Securities Report

For Indian financiers, the base case scenario that was building into expectations was that return to normalcy would be soon given the better than anticipated recovery, stress settling within or lower than guided ranges, and improving credit offtake.

However, the resurgence of Covid-19, imposition of restrictions and gradual firming up of interest rates could weigh on rerating of a few stocks in the interim.

Click on the attachment to read the full report:

ICICI Securities Banking Sector Update.pdf

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