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Mumbai banks anticipate lower lending yields this fiscal year. Caution in unsecured loans and slower retail growth contribute. Policy rate cuts also play a role. Analysts predict a yield drop to 8.6%. Net interest margins may contract. Repricing of loans linked to external benchmarks will impact private banks. Deposit repricing lags will further squeeze margins.
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Analysts predict significant upside for select stocks. Max Financial Services is projected to rise 16% due to its diversified product mix and strong partnerships. Schneider Electric Infrastructure could jump nearly 19% benefiting from government schemes and grid capex growth. Navin Fluorine is expected to gain over 12%, driven by new contracts and past investments.
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The app was supposed to be banned in the US after its Chinese owner refused to sell it by a January deadline.
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