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RBI may slow rate cuts as liquidity supports banking sector growth
RBI may slow down rate cuts as recent liquidity measures bolster the banking sector, according to BNP Paribas' Santanu Chakrabarti. He anticipates resilient net interest margins despite potential rate declines and projects a 13% credit growth for the year, with top-tier banks like HDFC, ICICI, and Axis Bank poised to benefit from easing funding costs and increased credit demand.
bajaj finance shares predicted to rise 19 percent by analysts
Bajaj Finance shares are projected to rally 19% to ₹10,700, according to BNP Paribas, which raised its target from ₹10,020. The firm anticipates a 20% growth trajectory until 2030, despite recent credit cost increases impacting investor sentiment. The company added 5 million new customers in a challenging Q3FY25, supporting a robust growth outlook.