Oil price swings won't derail IndiGo's long-term growth: Sandip Sabharwal
«I think the leaders of the banking space have been reporting decent results. So, there have been some MFI stresses well known and it has been there in the news flow for some time and the banks who have been exposed to that have had to take write-offs,» says Sandip Sabharwal, asksandipsabharwal.com.
But it does not look it is going to be that happy Diwali at least at the moment for the markets and earnings have not been that great, I mean barring ICICI Bank which has reported as stellar set, if you look at an IDFC First Bank that has been a bit of a disappointment. What is your view on the bank earnings so far?
Sandip Sabharwal: So, banks and financials if you combine them together, the results have been mixed. So, on one side for banks or financials who were more focused on the MFI unsecured side of the business, there we are seeing stress. On the secured side of the business, there does not seem to be any significant stress at this stage. So, ICICI Bank results were quite good. HDFC Bank results were decent. Axis results were pretty good. So, I think the leaders of the banking space have been reporting decent results. So, there have been some MFI stresses well known and it has been there in the news flow for some time and the banks who have been exposed to that have had to take write-offs.
But overall, if you look at the financial sector, the stress on the financial sector at a time when there is some stress at the lower level of the pyramid is much-much lower than historical levels. So, we got all used to what
