Indian Private-Sector Bank Shares Drop 5% on Weak HDFC Bank Earnings, Oil Prices Add Market Pressure
Shares of leading Indian private-sector banks dropped 5% after HDFC Bank reported weak June-quarter earnings, dragging the broader equity market lower.
Higher oil prices also added to the pressure on Indian shares. The selloff follows recent profit reports from major domestic lenders, with traders monitoring margin trends and credit growth in the current quarter.
From the sources (9 posts)
@reutersIndia's Yes Bank reports 34% jump in profit on higher loan growth
@businessHDFC Bank, India’s largest private sector lender facing investor scrutiny on governance concerns, missed profit estimates as margins shrunk.
@cnbctv18live#HDFCBank Q1 Results: Profit, NII miss expectations; #Margins at record low
@reutersIndia's Kotak bank reports 26% jump in Q1 profit, beats estimates
@reutersIndia's Axis Bank report 23% rise in Q1 net profit, beating estimates
@reutersIndia's HDFC Bank reports 5% rise in Q1 profit, meeting estimates
@cnbctv18live#1QWithCNBCTV18 | #HDFCBank reports its Q1 results; Net Profit At ₹19,059.72 Cr Vs CNBC-TV18 Poll Of ₹19,332 Cr NII At ₹33,534 Cr Vs CNBC-TV18 Poll Of ₹34,353 Cr
@reutersHDFC Bank drags Indian shares down; higher oil also weighs
@cnbcShares of leading Indian private-sector banks slump 5% on weak earnings in June quarter