Banks earnings to rise up to 12 per cent after tax cut

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 ExpressBanking & Finance – The Financial Express https://ift.tt/2LJ4B93