【出版时间及名称】：2010年印度金融行业前景展望
        【作者】：摩根大通
        【文件格式】：pdf
        【页数】：95
        【目录或简介】：

Table of Contents
Investment summary................................................................3
Recent stock price performance...................................................................................5
Valuations yet to capture growth potential ............................7
Rerating not yet over....................................................................................................7
ROAs should remain robust.........................................................................................8
Little risk to long-term ROEs.......................................................................................8
PEGs look reasonable ................................................................................................10
The year of revenue growth...................................................10
Loan growth has bottomed out...................................................................................10
NIMs are also recovering...........................................................................................11
Non-interest income: Recovering ..............................................................................12
Asset quality: The outlook is positive ..................................13
Financial stress: The worst is over.............................................................................14
Operating performance: Steadily improving..............................................................15
Retail delinquencies: Benefiting from derisking........................................................16
Monetary tightening is not a worry .......................................17
Insurance- Strong growth from FY11 ...................................20
Companies
Axis Bank Ltd............................................................................................................24
ICICI Bank.................................................................................................................34
HDFC Bank ...............................................................................................................44
HDFC (Housing Development Finance Corporation) ...............................................54
IDFC ..........................................................................................................................63
Kotak Mahindra Bank................................................................................................73
State Bank of India ....................................................................................................81