Bank Stocks Outlook For The Week - 18.06.2018 To 22.06.2018
Shares of banks, especially those in the private sector, are likely to trade lower next week following allegations of irregularities against the top brass at some lenders. Such allegations have led to a view there may be a change in guard in other private banks too. According to media reports, the Reserve Bank of India had delayed the approval of bonuses for heads of private sector lenders, citing performance issues, particularly the rise in bad loans and divergence in reporting of gross non-performing assets. Shares of ICICI Bank eyed next week as it appointed former Supreme Court judge B.N. Srikrishna to conduct an investigation into allegations against its Managing Director and Chief Executive Officer Chanda Kochhar.
Source : Cogencis Information Services Ltd.
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Shares of banks, especially those in the private sector, are likely to trade lower next week following allegations of irregularities against the top brass at some lenders. Such allegations have led to a view there may be a change in guard in other private banks too. According to media reports, the Reserve Bank of India had delayed the approval of bonuses for heads of private sector lenders, citing performance issues, particularly the rise in bad loans and divergence in reporting of gross non-performing assets. Shares of ICICI Bank eyed next week as it appointed former Supreme Court judge B.N. Srikrishna to conduct an investigation into allegations against its Managing Director and Chief Executive Officer Chanda Kochhar.
Source : Cogencis Information Services Ltd.
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