Page 17 - Bank Stocks

Financials, AMCs under pressure; Bajaj Finance, HDFC AMC down over 5%

At 10:16 am, the S&P BSE Finance and S&P BSE Bankex were down 2.9 per cent and 2.6 per cent, respectively as compared to a 1.5 per cent decline in the S&P BSE Sensex.

Private Banks' Q4 nos may not reflect full extent of Covid-19 hit: Analysts

Among large banks, the brokerage sees ICICI Bank's PAT declining 49 per cent QoQ to Rs 2,100 crore in Q4FY20, followed by a 68 per cent sequential decline in Axis Bank's PAT at Rs 564.6 crore.

IndusInd, HDFC Bank surge up to 21% post Q4 biz update amid Covid-19 woes

Analysts at Kotak Institutional Equities expect banks to report healthy earnings due to the Reserve Bank of India's loan moratorium

IndusInd Bank, SBI tumble as Moody's downgrades sector outlook to negative

Stating that asset quality will deteriorate, Moody's said a sharp decline in economic activity and a rise in unemployment will lead to a deterioration of household and corporate finances.

IndusInd Bank: Kathpalia's maiden attempt to quell doubts sparks concerns

As the new management looks to focus on balance sheet, growth may take a backseat

Banks in focus: IndusInd Bk hits 8-yr low, m-cap slips below Rs 20K cr-mark

The outbreak of coronavirus (Covid-19) has raised fears of fresh bad loan wave as small businesses are likely to default owing to demand disruption.

Banks, NBFCs stocks lose sheen in Nifty amid coronavirus outbreak

Amid FII sell-off, contribution of financials to the index dips to 37.8%

Financial stocks extend decline; ICICI, Axis Bank, 19 others hit 52-wk lows

The sudden economic stop caused by Covid-19 containment measures will lead to a global recession this year, bringing intense credit pressure, said S&P Global Ratings

HDFC Bank slips below Rs 1,000. How to trade bank stocks in this market?

In the last one month, the Nifty Bank has tumbled 24.7 per cent as compared to Nifty's 23.64 per cent fall. Here are key levels for frontline banking counters.

Banks, financials tumble; RBL, AU Small Finance, IndusInd Bank dip over 14%

Nifty PSU Bank index tanked over 10-year low after falling 8 per cent in intra-day

Infuse capital in YES Bank; acquiring it will be disaster: Analysts to SBI

Most analysts believe it is a positive step for the Indian financial sector as the the government has tried to avoid a repeat of IL&FS-like crisis

Nifty PSU Bank index nears four-year low; six banks tumble to 5-year low

The fall comes amid weakening economic trends that can lead to subdued credit growth and continued elevated fresh stress formation in the immediate term.

What lies ahead for bank stocks amid Middle East tensions, oil rally?

Besides, uncertainty over the capital infusion proposal for the public sector banks (PSBs) under the upcoming Union Budget for 2020-21 has also soured investor sentiment.

SBI, PNB, BoB slip up to 4% as US-Iran tension push bond yields higher

Apart from higher yields, the mood at the financial counters was dampened on the report that the government may not propose fresh capital infusion under Union Budget 2020.

OMCs, banks slump as US military kills top Iranian military commander

Brent Crude Futures surged over 3 per cent to trade at $68.25 per barrel-mark. The West Texas Intermediate, too, gained 2.71 per cent to $62.84 per barrel.

Syndicate Bank, SBI add up to 6% as RBI to buy and sell bonds via OMOs

With this, analysts believe, the RBI intends to lower yields on long-term bonds, and keep the liquidity at the system level intact. The move will allow the government to borrow at lower cost.

Banks surge on report govt may raise bond investment limit for FPIs to 10%

Additionally, sentiment at D-Street was bolstered by the latest amendments approved by the Cabinet Committee of Economic Affairs with respect to the Insolvency and Bankruptcy Code (IBC).

Private Bank Q2 review: Top-line nos improve; Q3 may see better recoveries

The quarter gone by saw mixed results in terms of asset quality. Among key private players, only ICICI Bank and Axis Bank reported a fall in gross non-performing assets on a YoY basis

Bank stocks cheer SC verdict on ArcelorMittal's acquisition of Essar steel

While Corporation Bank gained the most, up 17 per cent in Friday's trade, State Bank of India (SBI), IDBI Bank, Punjab National Bank, and Canara Bank rose 2.5-5 per cent

Second wave of NPAs? SBI, BoB, YES Bank could be hit, says Jefferies

YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks most prune to "high risk" emanating from Anil Dhirubhai Ambani Group (ADAG), Cox & Kings, CG Power, and DHFL