MUMBAI: International investment bankJefferies has found a long list of woes for the domestic banks, and said that their fundamentals are not likely to change much in FY14 in the segment.
"The fundamentals for the banking sector are unlikely to change much in FY14 given the "tepid" loan and deposit growth, "range-bound" net interest margins, and "weak" asset quality," Jefferies today said in its report 'Initiating on India Banks: Going Nowhere', dated April 5.
Jefferies believes banks with strong branch expansion like HDFC BankBSE 0.52 %, ICICI, and Axis could face smaller problems.
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