In the past five trading days, HDFC Bank and ICICI Bank shares have outperformed the market by surging up to 11 per cent
Banks are well positioned to outperform, supported by robust balance sheets and the ability to navigate macro economic uncertainties, said a report from Motilal Oswal Securities
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Business sentiment has been impacted by global uncertainties and a minor macro slowdown in India
Bank Nifty: The index was quoting higher for the eighth straight trading day, having rallied 8 per cent during the period
The post fell vacant following resignation of Milind Nagnur, effective February 15, who was the chief operating officer and chief technology officer, due to personal reasons
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Shares of IndusInd Bank, Kotak Mahindra Bank, HDFC Bank, and City Union Bank from the index were up in the range of 1 per cent to 4 per cent
He emphasized the need for India to improve productivity, avoid excessive protectionism and increase manufacturing as a percentage of GDP
A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25
The bank's net interest margin (NIM) has seen a decline of over 35 basis points (bps) since the restrictions were imposed by the regulator in April 2024
In April last year, the RBI placed restrictions on the bank as it failed to plug gaps in its information technology (IT) systems
Open to buy loan pools that meet risk-adjusted return norms
Net interest income grew by 10 per cent Y-o-Y to Rs 7,196 crore, while fees and services for Q3FY25 also grew 10 per cent to 2,362 crore
In his resignation letter, Nagnur stated that he intends to relocate to the United States to care for family members