But slippages shot up 43.8 percent sequentially to Rs 5,339 crore due to lumpy corporate and stress in agri segment, with provision coverage ratio declining 300bps QoQ to 66.7 percent in the December quarter. Hence, the credit cost was the highest in last eight quarters. … [Read more...] about HDFC Bank Q3: Mixed numbers; should investors buy, sell or hold?
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Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Budget 2020: ‘Fiscal deficit likely to slip to 3.7% but market should be comfortable’
NBFCs are the chief source of funding for small and medium enterprises (SMEs), the growth drivers of the country’s economy. With an estimated 42.5 million SMEs operating in the country, providing employment to 40% to India’s workforce, taking steps to ease credit liquidity for the sector can solve cash crunch for SMEs, thereby spurring economic growth and prosperity. … [Read more...] about ‘Budget 2020 crucial for realising $5 trillion economy dream’
With the change surcharge, the effective tax rate of such special rate of taxes also increases. For instance, a taxpayer with an income of more than Rs 5 crore may have to pay long-term capital gains at the rate of 28.496 percent as against the erstwhile rate of 23.92 percent. Such enhanced rates can dilute the intent of having special rate of taxes and does not rationalise the burden of the high-income taxpayers. … [Read more...] about Budget 2020: Should there be a rethink on super-rich tax?
The disinvestment targets may not be revised downwards but may be kept more or less at the same levels. It is pertinent to mention here that during the course of the current financial year the markets faced one of the major challenges due to incessant selling by FPIs, mainly led by the fact that the tax on FPIs was hiked, a measure which the government withdrew afterwards to repair the sentiment. … [Read more...] about Budget 2020: ‘Market may have already priced in a fiscal slippage of 30 bps’