Bank Credit Weekly: Measured Momentum into Month-End
Positive credit momentum was more measure in both Asia and the US as Treasuries firmed into month-end. A declining US dollar aided Asia’s positive...
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Bank Credit Compass: Asia’s July Performance and August Expectations
Risk-on sentiment resulted in more spread tightening than widening in Asia’s US$-denominated bank bonds (x-Japan) during the month of July. In...
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IndusInd Bank – Much More Wood To Chop
*Results Beat Not Indicative Of True Credit Picture: IndusInd Bank (IIB.IN) [IIB] reported FY 1Q21 results of INR 4.6 bn, exceeding FY 4Q20 results...
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No Sinecure for Sobti, A Relief to IndusInd Bank Stakeholders
In a highly reassuring development, Indusind Bank (IIB IN) has stated to this writer that its board of directors “has not considered any proposal...
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Kotak Mahindra Bank – Credit Falling Apart
* Flattish Results: Kotak Mahindra Bank (KMB.IN) [KMB] reported FY 1Q21 results of INR 12.4 bn, declining just INR 221 mn (1.7%) linked quarter....
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