Shares of Leading Indian Private-Sector Banks Drop on Weak Q2 Earnings
Stocks of HDFC Bank (HDFCBANK) and Axis Bank (AXISBANK-IN) fell nearly 5% as their net interest margins contracted in the June quarter, raising concerns over earnings. Citigroup noted NIM compression is a key monitorable issue for both banks.
Topics: bank earnings brokerage reports net interest margin (NIM) stock price decline