Page 8 - Bank Stocks
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")
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
 "HDFC, IDFC mergers may not trigger consolidation of PSU banks: Analysts")
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.
 "DCB Bank surges 8% as RBI allows Tata MF for raise stake up to 7.5%")
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.
 "Axis Bank trades firm after 22.5 mn shares change hands on NSE")
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
 "Bank vs IT stocks: Domestic fund managers face a 'Hobson's choice'")
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 .
 "Rate sensitive shares trade mixed after RBI keeps repo unchanged at 6.5%")
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.
 "IndusInd Bank regains Rs 1-trn market cap after 3 yrs; brokerages bullish")
IndusInd Bank gains 15% in one month; nears 52-week high on healthy outlook
The management introduced planning cycle - 6 (FY23-26) wherein they have guided for 18-23% YoY credit growth, mainly-driven by retail (55-60% proportion) and PPOP margins to be 5.25-5.75%.
 "IndusInd Bank gains 15% in one month; nears 52-week high on healthy outlook")
TMS Ep438: Withdrawal of Rs 2,000 notes, bank stocks, clean note policy
How can you exchange Rs 2,000 notes? How will withdrawal of Rs 2,000 notes affect the economy? Is withdrawal of Rs 2,000 notes positive for bank stocks? What is RBI's clean note policy? Answers here
 "TMS Ep438: Withdrawal of Rs 2,000 notes, bank stocks, clean note policy")
IDFC First Bank hits 52-week high; soars 6% on two-fold jump in Q4 net
The bank's Q4 net zoomed 134 per cent to Rs 802.62 crore from Rs 342.73 crore in the year ago period.
 "IDFC First Bank hits 52-week high; soars 6% on two-fold jump in Q4 net")
TMS Ep411: Amul backlash, dating apps, bank stocks, Cognyte spyware
Why is Amul facing backlash in Karnataka? How are Indian dating apps penetrating tier 2 cities? Ahead of Q4 results, which bank stocks should you bet on? What is Cognyte spyware? All answers here
 "TMS Ep411: Amul backlash, dating apps, bank stocks, Cognyte spyware")
Banking, IT stocks winning bets over 10 years, but rarely move in step
An analysis shows the average return divergence between these two sectors during the past decade has been 37%
 "Banking, IT stocks winning bets over 10 years, but rarely move in step")
South Indian Bank plunges 17% as MD & CEO opts out of reappointment
The board said it considered the request of Murali Ramakrishnan, Managing Director & CEO, not to offer himself for re-appointment due to personal reasons/family circumstances.
 "South Indian Bank plunges 17% as MD & CEO opts out of reappointment")
Bandhan Bank crashes to 3-year low on heavy volumes
The stock has slipped 6% to Rs 185.45 and trades at its lowest level since April 2020.
 "Bandhan Bank crashes to 3-year low on heavy volumes")
Crypto decouples from global financial markets amid banking sector gloom
The collapse of several banks in the last two weeks has spread fears of contagion in global markets, but crypto markets saw a bull run, with Bitcoin climbing to its nine-month high on Monday
 "Crypto decouples from global financial markets amid banking sector gloom")