Federal Bank (FBL) reported 3QFY19 results with the key takeaways being: (1) MSME slippage of Rs 1.92bn looks somewhat concerning but incremental NPA formation from MSME would be mitigated from 4QFY19 onwards due to RBI dispensation.
The US bond market has been in a linear path as the US shutdown continued for straight 25days. This is the longest shutdown on record. Wall Street recovered from its first back-to-back drop in December 2018.
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this site are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither IndiaNotes nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.