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Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.
Despite a near 5 per cent rally in HDFC Bank, the derivatives data shows tepid buildup in open interest; options data indicate strong resistance likely in the Rs 1,820 - Rs 1,835 range this July.
Stocks to buy right now: Despite the Sensex hitting the 80,000-mark, there are ample opportunities within the index
ICICI Bank share price news: On Wednesday, June 26, ICICI Bank shares hit a fresh record high for the third consecutive day, rising 2 per cent on the BSE in the intraday trade
Analysts believe a likely pick up in credit growth and hopes of a rate cut by the Reserve Bank of India should keep the momentum alive in bank stocks.
Surpassing the 50,000-mark for the very first time, the index's ascent can also be attributed to robust Q4 GDP figures, and S&P recent upgradation of India's rating to positive
While analysts do not see a specific tailwind that can cause a re-rating in the short term, they see headroom for outperformance in long-term
As per the schedule, the RBI will release 25 per cent of the amount received under I-CRR on September 9, next 25 per cent on September 23, and the remaining 50 per cent on October 7
ICICI Bank Q1FY24 results: At the bourses, shares of ICICI Bank hit a new 52-week high of Rs 1,008 on the BSE, rising 1 per cent in the intra-day trade
Private sector Tamilnad Mercantile Bank has reported 11.53 per cent rise in its April-June quarter net at Rs 261.23 crore, the bank said on Monday. The Tuticorin-based over Century old bank had registered net profit at Rs 234.21 crore during the corresponding period of last year. Total business of the bank during the quarter under review grew by 9.40 per cent to Rs 84,300 crore as compared to Rs 77,056 crore registered in the corresponding quarter of last year, the bank said in a statement. The retail, agriculture and micro, small and medium enterprises (RAM) portfolio witnessed an increase of 12.86 per cent during April-June 2023 quarter at Rs 33,574 crore from Rs 29,749 crore registered in the same period of last year. During the quarter ending June 30, 2023 the bank said it opened six branches. To tap the emerging micro, small and medium enterprise market with focused attention, the bank said MSME Loan processing hub has been set up in Chennai, Madurai, Coimbatore and Tuticor
ICICI Bank: Net profit is estimated to come in the range of Rs 8,654.9 crore to Rs 9,200 crore, down up to 5 per cent QoQ
HDFC Bank Q1FY24 results: Analysts believe the merged HDFC Bank is better placed than most of the other private banks as far as margin expansion and net interest income (NII) growth is concerned
There is more money to be made in PSBs as RoA expansion has peaked for private banks, analysts said
Private sector banks' outlook is brighter on a relative basis, and the players will outperform benchmark indices from a 6-12 months' perspective, analysts say
State-owned lenders, which hold large quantities if G-Secs, to face brunt of yield spike
Bank of Baroda, Canara Bank, and State Bank of India may see even better returns as they have also broken out of "Double Bottom" pattern
Analysts opine that Monday's rally in banks is a sign of investors digesting decline in Covid-19 cases
The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels
Analysts at BofA Securities have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a "surprisingly" resilient asset quality outlook, and reasonable valuations
Shares of ICICI Bank hit an intra-day high of Rs 421 after the lender reported a six-fold jump in the standalone net profit at Rs 4,251 crore for the quarter ended September 2020