Market move● Neutral for Indian equities
Surge in borrowing costs hits corporate America
The brief
- A sharp sell-off in US Treasuries is feeding through to borrowing costs for junk-rated companies
- Indian banks face a Q2 paradox: FCNR boosts loan growth but margins shrink
- Goldman Sachs Lifts Kotak Mahindra Bank Target Price; Citi Backs Strong Q2 Loan Growth
- Majority of banks see credit growth outpacing deposits in Q2, RBL Bank leads the way
- Banks gain funding boost from FCNR deposits, but margins face near-term pressure
- From 7.1% to 15.3%: HDFC Bank’s loan growth comeback is hard to ignore