Page 9 - Bank Stocks
TMS Ep393: Credit Suisse crisis, real estate, bank stocks, Toshakhana case
Will the Credit Suisse crisis affect India? What does real estate tell us about Indian economy? How should investors approach bank stocks? What is the Toshakhana case against Imran Khan? Answers here
 "TMS Ep393: Credit Suisse crisis, real estate, bank stocks, Toshakhana case")
Silicon Valley Bank collapse: Banking sector mutual funds lost 6% in a week
Banking mutual funds have lost up to 6 per cent in the last week following the collapse of Silicon Valley Bank and Signature Bank that dented investors' sentiment in the banking and financial services space. The failure of the two US-based banks sent shockwaves across the global financial system and weakened the sentiments in the banking sector in India too, wherein shares took a beating and declined in the range of 3-13 per cent in the week under review. However, experts believe that the direct impact on the Indian banking sector was negligible to low. The incessant selling in the bank stocks is clearly reflected in the banking sector mutual funds, as evident from the short-term performance returns of the 16 schemes under the category. Of the 16 banking sector mutual funds, all of them have given negative returns to investors in the range of 1.6 per cent to 6 per cent in the week ended March 17, according to an analysis of data compiled by ACE MF Nxt. So far this year, these fund
 "Silicon Valley Bank collapse: Banking sector mutual funds lost 6% in a week")
Bank stocks can slide more; stay away for now: Analysts
Analysts expect the underperformance in bank stocks to continue ahead as the current fears around the banking sector globally are likely to persist for some time
 "Bank stocks can slide more; stay away for now: Analysts")
No SVB-like scenario in India; banks are on a strong footing, say analysts
The sell-off in the banking pack, analysts said, was a knee-jerk reaction to the developments with US-based Silicon Valley Bank (SVB) that announced a share sale to shore up its finances
 "No SVB-like scenario in India; banks are on a strong footing, say analysts")
Troubled Silicon Valley startup bank spooks share markets, bonds rally
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3% to a two-month low, with banks and Hong Kong tech stocks leading losses, while London and European futures each slid more than 1%
 "Troubled Silicon Valley startup bank spooks share markets, bonds rally")
YES Bank share price flat as SBI's three-year lock-in period ends this week
YES Bank's stock is surrounded by a lot of speculations that the SBI may book at least partial profit and it may lead to more pressure on the stock
 "YES Bank share price flat as SBI's three-year lock-in period ends this week")
Rate sensitives' display mixed trend after RBI hikes repo rate by 25 bps
At 11:00 am; Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services are trading almost flat, as against 0.58% rise in Nifty 50.
 "Rate sensitives' display mixed trend after RBI hikes repo rate by 25 bps")
TMS Ep363: Vodafone Idea, Air India, bank stocks, lab-grown diamonds
Is Vodafone Idea out of the woods? Is Air India turning the corner under new management? Is the selling in bank stocks after Adani group fallout overdone? What are lab-grown diamonds? All answers here
 "TMS Ep363: Vodafone Idea, Air India, bank stocks, lab-grown diamonds")
SBI Q3 profit may rise nearly 60% YoY; deposit growth could outrun peers
SBI Q3 preview: Brokerages believe the lender may report loan growth of 17-19 per cent year-on-year (YoY), in-line with industry growth
 "SBI Q3 profit may rise nearly 60% YoY; deposit growth could outrun peers")
Sell-off in Adani, bank stocks turn investors poorer by Rs 11 trn in 2 days
The sell-off in Adani Group firms has wiped out $45 billion of investors' wealth over the last two sessions after Hindenburg Research alleged "brazen stock manipulation"
 "Sell-off in Adani, bank stocks turn investors poorer by Rs 11 trn in 2 days")
ICICI Bank best placed to face NIM shock; analysts see up to 44% upside
ICICI Bank Q3 result review: ICICI Bank, on Saturday, reported a beat on profitability at Rs 8,312 crore, led by strong growth, superior margin delivery, and contained operating expenditure
 "ICICI Bank best placed to face NIM shock; analysts see up to 44% upside")
YES Bank tanks 12% on heavy volumes as Q3 net plunges 81%
The management said it would be difficult to give guidance on margins (NIMs) due to pressure from pricing deposits.
 "YES Bank tanks 12% on heavy volumes as Q3 net plunges 81%")
BoI's Q3 net profit rises 12% YoY to Rs 1,151 cr on improvement in NIM
In a filing with BSE, BoI said its net interest income (NII) was up 64 per cent YoY in Q3 to Rs 5,596 crore
 "BoI's Q3 net profit rises 12% YoY to Rs 1,151 cr on improvement in NIM")
HDFC Bank shares fall post Q3 as moderating loan, deposit growth weighs
Analysts expect HDFC Bank's stock to perform gradually until the margin profile revives, and the merger-related overhang eases
 "HDFC Bank shares fall post Q3 as moderating loan, deposit growth weighs")
Stocks to Watch: Elin Electronics, Cipla, Eicher Motors, RIL, Banks, Pharma
Stocks to Watch: Elin Electronics to debut today, the stock is likely to list on a quiet note.
 "Stocks to Watch: Elin Electronics, Cipla, Eicher Motors, RIL, Banks, Pharma")
Equity benchmarks slip for third day, Sensex finishes below 61,000 mark
Surrender early gains; banks, automotive stocks among biggest losers
 "Equity benchmarks slip for third day, Sensex finishes below 61,000 mark")
City Union Bank tumbles 9% as RBI finds divergence of additional gross NPA
The Reserve Bank of India found divergence of Rs 259 crore in additional gross NPA for the financial year 2021-22.
 "City Union Bank tumbles 9% as RBI finds divergence of additional gross NPA")
Stock price of these two PSU banks have zoomed around 150% in last 22 days
In past one month, the stock price of UCO Bank zoomed 151%, while of Punjab & Sind Bank by 147%, as compared to 23% rise in the Nifty PSU Bank index and less than 1% gain in Nifty 50.
 "Stock price of these two PSU banks have zoomed around 150% in last 22 days")
Axis Bank stock hits lifetime high, rises 4% in 3 days on a stable outlook
Focus on risk adjusted business growth and improving margin trajectory is seen aiding return ratios with sustainability of performance to drive valuation ahead for Axis Bank, analysts
 "Axis Bank stock hits lifetime high, rises 4% in 3 days on a stable outlook")
Stocks to Watch: Auto, Voda Idea, Axis, IDBI Bank, Dabur, Spandana Sphoorty
Stocks to Watch Today: Markets to track Gujarat, Himachal Pradesh assembly results. Shares of rate sensitive sectors to be in focus as RBI policy signals likely further rate hikes.