India’s Banks Profits to Rise as Rate Cuts Boost Loan Growth

India’s top banks should post better loan growth numbers as the central bank’s rate cuts continue to take effect, with HDFC Bank Ltd. set to stand out as it emerges...

By Harshita Swaminathan, Rachel Yeo, Justina T Lee · Bloomberg

India’s top banks should post better loan growth numbers as the central bank’s rate cuts continue to take effect, with HDFC Bank Ltd. set to stand out as it emerges from a period of deliberate slowdown.