Page 7 - Bank Stocks

Despite JP Morgan move, analysts remain watchful of bank stocks; here's why

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

Bank stocks gain as RBI decides to discontinue I-CRR in a 'phased manner'

As per the schedule, the RBI will release 25 per cent of the amount received under I-CRR on September 9, next 25 per cent on September 23, and the remaining 50 per cent on October 7

J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month

The improving business and socio-political environment in the two union territories that is aiding tourism, agriculture and small businesses adds to the bank's proposition, as per India Ratings

Sensex rebounds 507 pts from lows, ends 138 pts up; auto, IT stocks gain

Closing Bell on August 16, 2023: The shares of SBFC Finance, which debuted on Wednesday at a premium of 44 per cent, settled at Rs 92.2 per share, up nearly 62 per cent over issue price

RBI policy: Rate sensitives mixed; private banks, auto stocks underperform

At 11:01 AM, Nifty Bank and Nifty Financial Services index were down 0.65 per cent as compared to 0.50 per cent decline in the Nifty 50 index

SBI's earnings growth may taper off in the near-term, warn analysts

State Bank of India (SBI) stock outlook: Analysts at Nomura termed SBI's sharp NIM decline "disappointing" as the lender's YoY NIM expansion of 31bp significantly trailed private banks.

Bank of Baroda to report Q1FY24 results on Aug 5; here's what to expect

Bank of Baroda Q1FY24 results preview: Analysts expect growth in personal loan book to remain robust, taking the total loan book to Rs 9.61 trillion

SBI Q1FY24 preview: Analysts see profit surging up to 169% YoY; here's why

SBI Q1 preview: The net profit estimates for Q1FY24 range from Rs 13,760 crore to Rs 16,340 crore

Stocks to Watch today, July 31: Adani Green, Maruti, Power Grid, NTPC, PEL

Stocks to Watch on Monday, July 31: Adani Green, Adani Transmission, GAIL India, Go Fashion (India), and Maruti Suzuki are among top companies due to report their Q1FY24 earnings today

Indian Bank hits over 4-year high; gains 4% in weak market post Q1 results

The stock of the public sector bank hit its highest level since August 2018

Mahindra & Mahindra slips 6% on acquiring 3.5% stake in RBL Bank

The company said it may consider further investment, subject to pricing, regulatory approvals, and required procedures, however, in no circumstance will it exceed 9.9 per cent.

ICICI Bank's re-rating to be gradual, say analysts; see up to 36% upside

ICICI Bank Q1FY24 results: At the bourses, shares of ICICI Bank hit a new 52-week high of Rs 1,008 on the BSE, rising 1 per cent in the intra-day trade

Analysts bullish on HDFC Bank's long-term growth; see up to 35% upside

HDFC Bank Q1FY24 results: Analysts believe the merged HDFC Bank is better placed than most of the other private banks as far as margin expansion and net interest income (NII) growth is concerned

Nifty PSU Bank index may rally another 10% from here on, show charts

The final target for the ongoing up trend in the Nifty PSU bank index is projected to be in the range of 4,620 to 4,875

HDFC, IDFC mergers may not trigger consolidation of PSU banks: Analysts

There is more money to be made in PSBs as RoA expansion has peaked for private banks, analysts said

DCB Bank surges 8% as RBI allows Tata MF for raise stake up to 7.5%

The Reserve Bank of India has granted its approval to Tata Asset Management Company (AMC) to increase stake in the private sector lender up to 7.5 per cent.

Axis Bank trades firm after 22.5 mn shares change hands on NSE

Around 22.5 million shares representing 0.74 per cent of total equity of Axis Bank changed hands on the NSE in pre-opening deals.

Bank vs IT stocks: Domestic fund managers face a 'Hobson's choice'

Backing the right pack can help in alpha generation, as the two often move contrarily

Rate sensitive shares trade mixed after RBI keeps repo unchanged at 6.5%

The Nifty Bank, Nifty Financial, Nifty Private and Nifty PSU Bank indices were up 0.35 - 0.51 per cent, while Nifty Realty and Nifty Auto indices were down 0.10 - 41 per cent .

IndusInd Bank regains Rs 1-trn market cap after 3 yrs; brokerages bullish

At 11:23 am; the stock was up 1.8 per cent at Rs 1,291.50, with a market capitalisation of Rs 1.002 trillion, the BSE data shows.