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
- Sector exposure: Banks, Capital Goods & Engineering, Capital Markets.
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