'Overweight' on HDFC, LIC HF, Shriram Finance, Subdued outlook continues: HSBC

Dec 23 2013, 09:43 IST
Comments 0
Margins to remain stable; home finance still the best-positioned in the space (AP) Margins to remain stable; home finance still the best-positioned in the space (AP)
SummaryMargins to remain stable; home finance still the best-positioned in the space

a longer time rather than repossessing vehicles and writing off the loss , getting resolved, but recovery still away.

Infrastructure has become an interesting space to watch. The power sector, which forms over 50% of infrastructure finance, has incrementally seen more resolutions coming through in the past two months. The key ones among them are:

Financial Restructuring Package (FRP) signed by the largest exposure states of UP, Rajasthan and Haryana (Tamil Nadu done earlier) and four new states included

New Case-I bidding documents finalised, paving way for pass through of high fuel cost

FSA (Fuel Supply Agreement) being signed with private power projects

GoI mulling allowing extension of COD for troubled private sector projects, thereby, giving breathing space and allowing banks to avoid restructuring for upto three years.

Given these developments, IDFCís management believes that power sector issues should soon be resolved and the worst is probably behind them.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...