Page 7 - Bank Stocks
RIL, banks, IT stocks drag Sensex 188 pts down, Nifty below 19,750
Closing Bell on November 17, 2023: The broader markets, on the other hand, notched gains with the BSE MidCap and SmallCap indices rising 0.27 per cent and 0.36 per cent, respectively
 "RIL, banks, IT stocks drag Sensex 188 pts down, Nifty below 19,750")
SBI Q2 results preview: Analysts expect lender's profit to drop; here's why
State Bank of India is scheduled to report its September quarter results on Saturday, November 4
 "SBI Q2 results preview: Analysts expect lender's profit to drop; here's why")
Karur Vysya Bank surges 7% post record Q2 profit; stock hits 6-year high
The bank reported its highest-ever quarterly profit of Rs 378 crore for the quarter ended September 2023, up 51 per cent from a year ago period.
 "Karur Vysya Bank surges 7% post record Q2 profit; stock hits 6-year high")
Bulking up: Mutual fund managers favour select banks and auto stocks
Maruti Suzuki, Zomato, ITC and Tata Motors are other stocks that have seen continued buying interest from MFs
 "Bulking up: Mutual fund managers favour select banks and auto stocks")
Rate sensitive shares trade firm as RBI MPC keeps repo rate unchanged
The RBI said the near-term inflation outlook is expected to improve on the back of vegetable price correction and the recent reduction in LPG prices
 "Rate sensitive shares trade firm as RBI MPC keeps repo rate unchanged")
CSB Bank shares jump 6% in weak market, hit 52-week high; more steam left?
According to analysts, the bank's management has a multipronged growth strategy, leading to a compelling investment argument
 "CSB Bank shares jump 6% in weak market, hit 52-week high; more steam left?")
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
 "Despite JP Morgan move, analysts remain watchful of bank stocks; here's why")
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
 "Bank stocks gain as RBI decides to discontinue I-CRR in a 'phased manner'")
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
 "J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month")
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
 "Sensex rebounds 507 pts from lows, ends 138 pts up; auto, IT stocks gain")
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
 "RBI policy: Rate sensitives mixed; private banks, auto stocks underperform")
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.
 "SBI's earnings growth may taper off in the near-term, warn analysts")
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
 "Bank of Baroda to report Q1FY24 results on Aug 5; here's what to expect")
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
 "SBI Q1FY24 preview: Analysts see profit surging up to 169% YoY; here's why")
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
 "Stocks to Watch today, July 31: Adani Green, Maruti, Power Grid, NTPC, PEL")
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
 "Indian Bank hits over 4-year high; gains 4% in weak market post Q1 results")
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.
 "Mahindra & Mahindra slips 6% on acquiring 3.5% stake in RBL Bank")
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
 "ICICI Bank's re-rating to be gradual, say analysts; see up to 36% upside")
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
 "Analysts bullish on HDFC Bank's long-term growth; see up to 35% upside")
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
 "Nifty PSU Bank index may rally another 10% from here on, show charts")