Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Will Ashworth

India’s Private-Sector Banks Sold Off on NIM Fears. Ignore the Panic and Buy the Dip in HDFC Stock Here.

HDFC Bank (HDB) and Axis Bank, two of India’s largest private-sector banks, both posted steep losses on Monday amid concerns about contracting NIMs (net interest margins), a key profitability metric in the banking industry.

In the case of HDFC Bank, whose ADRs (American Depositary Receipts) trade on the NYSE, it was down over 10% on the day, putting it in fourth spot of Barchart’s list of bearish price surprises.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.