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Broker call● Neutral for Indian equities
Private capex rises, but India’s credit growth cycle remains weak: Kotak
The brief
- RBI data show higher corporate capital expenditure ahead
- Bank funding continues to favour infrastructure, particularly power and greenfield projects
- Weak credit growth tempers the outlook for Indian banks, while power and infrastructure lenders may see funding support
- China unveils rate cut, mortgage subsidies to spur growth
- Jefferies sees HDFC Bank rerating potential tied to CEO succession and execution
- HDFC Bank CEO's to-do list in coming weeks: Growth, Casa, investor trust
- Corporate debt maturities set to test US borrowers as rates rise
- Bank deposits, credit shrink in fortnight to September 15