Banking Shares

Analysts believe SBI could sustain its outperformance (vs. private peers) in unsecured retail in the current environment, as delivered during the pandemic.

Realty firm Suraj Estate Developers has raised Rs 343 crore through issue of shares and warrants mainly to buy land and meet its working capital requirements. The company has secured funds through preferential allotment of equity shares amounting to about Rs 243 crore and an additional sum of around Rs 100 crore through issue of convertible share warrants. The funds will be utilised for land acquisitions, working capital, general corporate purposes, and issue-related expenses, Suraj Estate said in a statement. A group of high-net-worth individuals, asset management funds and family offices participated in the successful fundraising round. Rajan Meenathakonil Thomas, Chairperson and Managing Director at Suraj Estate Developers, said, "This timely fund raise will provide us with the growth capital to expand our operations and diversify our product offerings. We will strategically utilize these funds to strengthen our position in the residential and commercial real estate segments, ..

The excitement around India's largest IPO is being dampened by evident weakness in demand for cars in India as well globally

HDFC Bank has previously indicated that it will grow its advances at a slower pace than its deposits, as it seeks to bring down its elevated loan-deposit ratio to pre-merger levels

In one week, the stock of the second largest private sector lender has outperformed the market by gaining 3.5 per cent, compared to the 1.9 per cent rise in the BSE Sensex.

The Nifty PSU Bank index, the top loser among sectoral indices, was down 1.1 per cent at 6,581.40, as compared to the 0.16 per cent rise in the Nifty 50 at 11:14 AM on Monday.

Fino Payments Bank surged 8 per cent on the BSE to hit an over two-year high of Rs 449.95 in Thursday's intra-day trade.

The share price gained after the public sector bank on Monday reported a 46.6 per cent year-on-year rise in profit after tax (PAT)

The combined market-capitalisation (market-cap) of the top 25 banks globally rose 5.4 per cent quarter-on-quarter (QoQ) in the April - June 2024 period (Q1-FY25)

ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent

Shares of CSB Bank surged up to 7.3 per cent at Rs 382 per share on the BSE in Thursday's intraday trade. The stock is trading near its 52-week high of Rs 421.95 touched on January 1, 2024

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.

ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels

On an index level, Nifty PSU Bank was the top sectoral performer of the day on NSE jumping 2 per cent at 7,207 levels in intraday trade

The banking sector stocks fell as the Reserve Bank of India (RBI) proposed to tighten the project financing norms, which require lenders to set aside higher capital for doling out loans to under-const

Stock market crash today: HDFC Bank's disappointing Q3 performance abetted profit booking in Sensex and Nifty along with a global market rout as rate cuts-related optimism waned

On the back of relatively lower historic returns compared to earnings growth, large caps appear favourable on a risk-reward basis

The improving business and socio-political environment in the two union territories that is aiding tourism, agriculture and small businesses adds to the bank's proposition, as per India Ratings

Post Q1 results, major banking stocks have lost the upside bias. Most stocks are facing hurdles at upper levels.

Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high