Rajiv Mehta, lead analyst-institutional equities, Yes Securities, said that the direct benefit of the massive tax cut would be to the extent of around 15% on earnings, 2.5-5% on book value and 30-80 basis points (bps) on the capital position for most banks and non-banking financial companies (NBFCs).
from The Financial ExpressThe Financial Express https://ift.tt/2LJ4B93
Friday, 20 September 2019
Banks earnings to rise up to 12 per cent after tax cut
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