IIFL Capital hires four Barclays bankers to expand wealth business
· LiveMint Companies
The Fairfax-controlled firm is stepping up its push to attract wealthy Indian families as competition intensifies and global banks restructure their workforces.
The analysis
This is an Asset quality / margins event. For lenders the headline profit is the least informative line. Slippages, credit cost and margin direction determine whether the quarter is repeatable.
Market context
- Sectors in the story: Banks, Capital Goods & Engineering and Capital Markets.
Banks
1M -3.4% · 3M -6.0%
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Capital Markets
1M -2.9% · 3M -6.3%
Sector moves are the average of the stocks we track in each sector.
In this story
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