HDFC Bank – Spigots Are Now Off
HDFC BANK: HDFCB provided an investor update for FY 1Q22 ahead of its official scheduled July 17, 2021 earnings release. Highlights related to...
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SGX FX Futures volume up 16% y-o-y in June to US$140 billion, setting new records across multiple contracts
SGX INR/USD Futures reached a record high open interest of 138,207 lots or USD$3.72 billion on 24 June SGX USD/CNH Futures achieved a record...
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LIC Housing Finance – Hit With A Brick
LIC HOUSING FINANCE: LIC reported a poor FY 4Q21 bottom-line, declining 45.0% linked quarter due to a massive loss provision reflecting a 16%...
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Punjab National Bank – Cipher
PUNJAB NATIONAL BANK: PNB's operating results were a negative INR 3.9 bn in FY 4Q21. Bizarrely, as gross stated NPLs increased 10.5% linked...
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State Bank of India – Lights On, No One Home
STATE BANK OF INDIA: A competitor hosted a disappointing call with management. By our calculation, we find that SBI’s reserves are short INR 1.2 tn...
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