The partnership will use J.P. Morgan Payments' Xpedite solution to enable direct local-currency settlements and reduce the need for intermediary currency conversions
Nifty Bank index jumped 3.45 per cent to 57,847, with all index constituents in the green. Nifty Financial Services, meanwhile, zoomed 4.24 per cent to 26,667.
Stocks to watch today: Tata Consumer, Paytm, ITC Hotels and APL Apollo Tubes are among the key companies slated to announce their Q2 results today.
IndusInd Bank reported a net profit of ₹1,242 crore in Q2FY27 against a loss a year ago, aided by lower provisions and higher other income, while asset quality improved
The Nifty Private Bank index advanced over 1%, while the Bank Nifty and Nifty PSU Bank index rose 0.6% and 0.3% respectively on Tuesday, a day ahead of the RBI policy decision.
Bank targets RoA of 1.25-1.30% over two years, but Jefferies says a 30% reduction in bancassurance fee income could lower profits by around 5%
Beyond the core earnings trajectory, clarity on the tenure and succession plans of chief executives at large financial institutions will also be important for the sector, analysts said.
Oil prices spiked to near $110 a barrel, on track to end the week at over $100 a barrel for the first time since mid-May.
Stocks to watch today: Bandhan Bank, defence shares, RBL Bank, PVR Inox, Adani Power, Swiggy, Asian Paints, Molbio Diagnostics, IndusInd Bank, among others, will be in focus today.
The gains in bank stocks come against a backdrop of a sharp surge in foreign-currency inflows, which has boosted liquidity across the banking system.
Midcap bank stocks - Yes Bank, IndusInd Bank and Bank of India are trading up to 50-94% away from their respective all-time highs even as the Nifty Midcap quotes at new peaks, shows data.
The lender plans to restore industry-aligned growth in FY27, accelerate expansion in FY28 and outperform peers by FY29 after strengthening governance and its balance sheet
IndusInd Bank has posted a 72 per cent jump in its consolidated profit to ₹1,037.05 crore for Q1, and guided towards a stronger profit show going ahead.
The lender reported a 72% rise in June-quarter profit as lower provisions and easing slippages improved earnings despite modest NII growth and continued pressure on margins
According to Chandan Taparia of MOFSL, option data suggests a broader trading range between 23,800 and 24,600, while the immediate range is between 24,000 and 24,400
Tamilnad Mercantile Bank, ESAF Small Finance Bank, Equitas Small Finance Bank and CSB Bank were up in the range of 2% to 5% on the BSE in an otherwise tepid market on Tuesday.
Analysts at Emkay Global Financial Services believe that banks are likely to begin FY27 on a healthy note, with strong loan growth and resilient asset quality and treasury income gains.
The stock price of private sector lender - IndusInd Bank - quoted at its highest level since February 2026, and has rallied 10 per cent in the past week.
Stocks to watch today: HDFC Bank, Coal India, Tata Steel, Sobha Ltd, Bank of Baroda, Radico Khaitan, Senco Gold, Fortis Healthcare, IndusInd Bank, Dabur, among others, will be in focus today.
Hitesh Rathi of Angel One recommends adopting a buy on dips approach for the Nifty, with prior resistance zone of 24,180-24,100 now likely to act as an immediate support cluster.