 "IndusInd Bank")
Bank shares were in focus and trading higher by up to 5% on the bourses after banking major IndusInd Bank reported strong set of numbers in December quarter despite demonetisation of high-value currency notes.
IndusInd Bank, the largest gainer among banking stocks, has rallied 6% to Rs 1,231 on the National Stock Exchange (NSE) after reporting a healthy 29% year on year (YoY) growth in net profit at Rs 751 crore in Q3FY17 against Rs 581 crore in the same quarter last fiscal.
South Indian Bank was up 5% to Rs 21.85 after the bank on Wednesday reported 9.6% YoY rise in net profit at Rs 111 crore in Q3FY17.
The bank’s assets quality remained stable on sequential basis. The gross non-performing assets (GNPAs) increased marginally to 3.98% of advances from 3.96% in the previous quarter. The net NPAs were down to 2.52% from 2.77% in September quarter.
At 01:13 pm; Nifty Bank, the second largest gainer among sectoral indices after Nifty Metal, up 2% as compared to 0.92% rise in the benchmark Nifty 50 index. Nifty Private Bank and Nifty PSU Bank index were up 2.21% and 2.16%, respectively.
YES Bank, Federal Bank, Bank of Baroda, Canara Bank, Bank of India, State Bank of India (SBI), ICICI Bank, Dhanlaxmi Bank and Kotak Mahindra Bank were up 2% to 6%.
IndusInd Bank, the largest gainer among banking stocks, has rallied 6% to Rs 1,231 on the National Stock Exchange (NSE) after reporting a healthy 29% year on year (YoY) growth in net profit at Rs 751 crore in Q3FY17 against Rs 581 crore in the same quarter last fiscal.
South Indian Bank was up 5% to Rs 21.85 after the bank on Wednesday reported 9.6% YoY rise in net profit at Rs 111 crore in Q3FY17.
The bank’s assets quality remained stable on sequential basis. The gross non-performing assets (GNPAs) increased marginally to 3.98% of advances from 3.96% in the previous quarter. The net NPAs were down to 2.52% from 2.77% in September quarter.
At 01:13 pm; Nifty Bank, the second largest gainer among sectoral indices after Nifty Metal, up 2% as compared to 0.92% rise in the benchmark Nifty 50 index. Nifty Private Bank and Nifty PSU Bank index were up 2.21% and 2.16%, respectively.
YES Bank, Federal Bank, Bank of Baroda, Canara Bank, Bank of India, State Bank of India (SBI), ICICI Bank, Dhanlaxmi Bank and Kotak Mahindra Bank were up 2% to 6%.
| BANK | LATEST | PREV CLOSE | GAIN(%) |
| DHANLAXMI BANK | 25.35 | 23.60 | 7.42 |
| INDUSIND BANK | 1226.50 | 1160.70 | 5.67 |
| ORIENTAL BANK | 116.00 | 111.35 | 4.18 |
| FEDERAL BANK | 72.80 | 69.90 | 4.15 |
| YES BANK | 1315.60 | 1264.60 | 4.03 |
| INDIAN BANK | 244.60 | 235.40 | 3.91 |
| UNION BANK (I) | 136.15 | 131.25 | 3.73 |
| BANK OF BARODA | 158.35 | 152.95 | 3.53 |
| SOUTH IND.BANK | 21.60 | 20.90 | 3.35 |
| PUNJAB NATL.BANK | 123.35 | 119.40 | 3.31 |
| CANARA BANK | 277.00 | 268.70 | 3.09 |
| ALLAHABAD BANK | 66.00 | 64.10 | 2.96 |
| J & K BANK | 61.10 | 59.45 | 2.78 |
| SYNDICATE BANK | 65.75 | 64.00 | 2.73 |
| CORPORATION BANK | 43.10 | 42.00 | 2.62 |
| BANK OF INDIA | 114.00 | 111.25 | 2.47 |
| KOTAK MAH. BANK | 730.00 | 712.65 | 2.43 |
| RBL BANK | 371.20 | 362.50 | 2.40 |
| ANDHRA BANK | 49.80 | 48.65 | 2.36 |
| IDFC BANK | 63.20 | 61.85 | 2.18 |
| PUN. & SIND BANK | 49.50 | 48.50 | 2.06 |
| KARUR VYSYA BANK | 84.95 | 83.25 | 2.04 |
| DENA BANK | 35.05 | 34.35 | 2.04 |
| I O B | 25.10 | 24.60 | 2.03 |
| S B T | 533.90 | 523.55 | 1.98 |
| UCO BANK | 34.30 | 33.65 | 1.93 |
| UNITED BANK (I) | 21.10 | 20.70 | 1.93 |
| KARNATAKA BANK | 120.20 | 117.95 | 1.91 |
| AXIS BANK | 455.75 | 447.35 | 1.88 |
| ICICI BANK | 264.75 | 260.20 | 1.75 |
| BANK OF MAHA | 29.55 | 29.05 | 1.72 |
| ST BK OF MYSORE | 533.40 | 524.45 | 1.71 |
| IDBI BANK | 74.70 | 73.45 | 1.70 |
| DCB BANK | 115.15 | 113.30 | 1.63 |
| ST BK OF INDIA | 252.30 | 248.30 | 1.61 |
| ST BK OF BIKANER | 681.00 | 670.85 | 1.51 |
| CENTRAL BANK | 84.35 | 83.20 | 1.38 |
| VIJAYA BANK | 51.85 | 51.15 | 1.37 |
| LAK. VILAS BANK | 137.35 | 135.90 | 1.07 |
| HDFC BANK | 1227.20 | 1214.35 | 1.06 |
