HDFCBank Q4FY24 Good Results!Net Interest Income at ₹290.8 bn against ₹233.5 bn YoY, up 24.5% and ₹284.7 bn QoQ, up 2.61%.Net Profit stood at ₹16,511.85 Cr against ₹12,047.45 Cr YoY, up 37.05% and ₹16,372.54 Cr QoQ, up 0.85%.Total Deposits stood at ₹23,798 bn against ₹18,834 bn, up 26.4% YoY and 22,140 bn QoQ, up 7.5%.Provisions stood at ₹13,511.64 Cr against ₹2,685.37 Cr YoY, up 403.15% and ₹4,216.64 Cr QoQ, 220.4%CASA Ratio: 38.2% against 44% YoY and 38% QoQ.Net Interest Margin: 3.4% against 4.1% YoY and 3.4% QoQ.GNPA stood at 1.24% against 1.12% YoY and 1.26 QoQ.NNPA: 0.33% against 0.27% YoY and 0.31 QoQ.The Company proposed a dividend at ₹19.5 per share

HDFCBank Q4FY24 Good Results! Net Interest Income at ₹290.8 bn against ₹233.5 bn YoY, up 24.5% and ₹284.7 bn QoQ, up 2.61%. Net Profit stood […]

ECB members on rate hikesA host of economists and monetary policymakers gathered in New York this week for the International Monetary Fund’s Spring Meetings — including numerous decision-makers from the European Central Bank.CNBC spoke to 12 members of the European Central Bank’s Governing Council, which votes on interest rate moves, in New York this week.There were two clear messages: expect a June cut, but beware of spillover effects from the Middle East

ECB members on rate hikes A host of economists and monetary policymakers gathered in New York this week for the International Monetary Fund’s Spring Meetings […]

• Claimant Count Change (Mar): Actual 10.9K Forecast 17.2K Previous 16.8K• Average Earnings Index +Bonus (Feb): Actual 5.6% Forecast 5.5% Previous 5.6%• Unemployment Rate (Feb): Actual 4.2% Forecast 4.0% Preivous 3.9%• Employment Change 3M/3M (MoM) (Feb): Actual -156K Previous -21K

• Claimant Count Change (Mar): Actual 10.9K Forecast 17.2K Previous 16.8K • Average Earnings Index +Bonus (Feb): Actual 5.6% Forecast 5.5% Previous 5.6% • Unemployment […]

US Economic Event• Building Permits (Mar): Actual 1.458M Forecast 1.514M Previous 1.523M• Building Permits (MoM) (Mar): Actual -4.3% Previous 2.3%• Housing Starts (Mar): Previous 1.321M Forecast 1.480M Previous 1.549M• Housing Starts (MoM) (Mar): Actual -14.7% Previous 12.7%• Industrial Production (MoM) (Mar): Actual 0.4% Forecast 0.4% Previous 0.4%• Industrial Production (YoY) (Mar): Actual 0.00% Previous -0.30%• Manufacturing Production (MoM) (Mar): Actual 0.5% Previous 1.2%

US Economic Event • Building Permits (Mar): Actual 1.458M Forecast 1.514M Previous 1.523M • Building Permits (MoM) (Mar): Actual -4.3% Previous 2.3% • Housing Starts […]

Morning Alert..

Morning Alert..India’s exports shrink 3% in FY24 but tide is turning, says govtSnapping the trend of growth in three consecutive months, goods exports in March […]