DHFL’s default can accentuate contagion risk; ICICI Bank, HDFC among top picks: CLSA

CLSA feels asset sales will be key to prevent defaults by DHFL, as expected. " Public sector banks (PSU banks) are also among the key lenders and. "This default could also accentuate contagion risk in the financial sector (in. to pare stake in the company with Apollo Global, ICICI Venture-backed Aion.

DHFL’s default can accentuate contagion risk; ICICI Bank, HDFC among top picks: clsa. 9.31 am | 06 Jun 2019 | Source: Moneycontrol.com CLSA said that the intervention of Reserve Bank of India.

Brokerage firm CLSA on Thursday said the recent Rs 1,000 crore default by dewan housing finance can expose Rs 1 lakh crore in borrowing to the risk of default/haircuts and an intervention by the Reserve Bank of India (RBI) may be needed.

Average earners getting squeezed out of Sacramento region’s tight housing market real estate data for sacramento. sacramento market trends indicate a decrease of $10,000 (-3%) in median home sales over the past year. The average price per square foot for this same period rose to $238, up from $226.

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The popularity and viability of the HDFC stock can be gauged by the fact. ICICI Bank has logged a 472.85% growth in the stock market during the last 10 years.. So what makes the hdfc bank stock among the top picks in.

Opinion: City puts responsibility for housing crisis on those providing the housing The city of Berkeley currently has approximately 30 beds available in existing permanent supportive housing for the city’s estimated 800 homeless residents. The student housing will be likely be apartment-style and cater to sophomores, juniors, seniors and graduate students, who are most impacted by the high cost and limited availability of.

"This default, as well as the recent default by IL&FS and downgrade of credit ratings of NBFCs, could accentuate contagion risk in financial markets," CLSA said in a client note. "This will lead to tightness in bond markets and lower inflows into mutual funds, eventually resulting in higher costs and polarised allocation to high quality.

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The Institute of Banking Personnel Selection (IBPS) has activated the link today for the candidates who wish to apply for IBPS SO examination through the official website. The IBPS holds SO examination yearly for multiple posts in multiple sector banks. This year IBPS has announced the Specialist Cadre Officer vacancy for a total of 1599 [.]

The organisation is looking to ensure the safety of workers’ retirement savings on priority, amid a slew of defaults and downgrades of NBFCs. Moneycontrol News @moneycontrolcom The EPFO’s Finance, Investment and Audit Committee (FIAC) has discussed plans to gain early repayment of investments

CLSA added that a default could also accentuate contagion risk in the financial sector. It prefers banks over NBFCs. In the financial space, CLSA top picks include – ICICI Bank , IndusInd Bank.