'The cost of funds has come down, which will lower lending rates'.
ICICI Bank on Friday reported 13 per cent rise in consolidated net profit at Rs 2,698 crore (Rs 26.98 billion) for the second quarter ended September 30, 2013.
ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
'The overall stress on asset quality is indeed coming down.'
The National Innovation Foundation India (NIF), Ahmedabad shared the ideas that shined at the IGNITE 2015.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
