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Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
Bank stocks fell after analysts warned the RBI's shift to an Expected Credit Loss provisioning framework from April 2027 will raise provisioning requirements and squeeze margins, with PSU banks seen as most at risk. The change aligns India with global standards but pressures near-term earnings.
Goldman Sachs, Truist, and Wells Fargo all raised their price targets on Citigroup simultaneously, a rare show of aligned conviction from major sell-side institutions. The move suggests growing buy-side confidence in Citi's ongoing restructuring under CEO Jane Fraser. Investors will watch return-on-equity progress and
Tag
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
Yesterday · 3 min · Markets
Bank stocks fell after analysts warned the RBI's shift to an Expected Credit Loss provisioning framework from April 2027 will raise provisioning requirements and squeeze margins, with PSU banks seen as most at risk. The change aligns India with global standards but pressures near-term earnings.
2mo ago · 2 min · Markets
Goldman Sachs, Truist, and Wells Fargo all raised their price targets on Citigroup simultaneously, a rare show of aligned conviction from major sell-side institutions. The move suggests growing buy-side confidence in Citi's ongoing restructuring under CEO Jane Fraser. Investors will watch return-on-equity progress and
2mo ago · 1 min · Markets
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