HDFC Bank has previously indicated that it will grow its advances at a slower pace than its deposits, as it seeks to bring down its elevated loan-deposit ratio to pre-merger levels
In one week, the stock of the second largest private sector lender has outperformed the market by gaining 3.5 per cent, compared to the 1.9 per cent rise in the BSE Sensex.
The Nifty PSU Bank index, the top loser among sectoral indices, was down 1.1 per cent at 6,581.40, as compared to the 0.16 per cent rise in the Nifty 50 at 11:14 AM on Monday.
Fino Payments Bank surged 8 per cent on the BSE to hit an over two-year high of Rs 449.95 in Thursday's intra-day trade.
The share price gained after the public sector bank on Monday reported a 46.6 per cent year-on-year rise in profit after tax (PAT)
The combined market-capitalisation (market-cap) of the top 25 banks globally rose 5.4 per cent quarter-on-quarter (QoQ) in the April - June 2024 period (Q1-FY25)
ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent
Shares of CSB Bank surged up to 7.3 per cent at Rs 382 per share on the BSE in Thursday's intraday trade. The stock is trading near its 52-week high of Rs 421.95 touched on January 1, 2024
Analysts believe a likely pick up in credit growth and hopes of a rate cut by the Reserve Bank of India should keep the momentum alive in bank stocks.
ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels
On an index level, Nifty PSU Bank was the top sectoral performer of the day on NSE jumping 2 per cent at 7,207 levels in intraday trade
The banking sector stocks fell as the Reserve Bank of India (RBI) proposed to tighten the project financing norms, which require lenders to set aside higher capital for doling out loans to under-const
Stock market crash today: HDFC Bank's disappointing Q3 performance abetted profit booking in Sensex and Nifty along with a global market rout as rate cuts-related optimism waned
On the back of relatively lower historic returns compared to earnings growth, large caps appear favourable on a risk-reward basis
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
Post Q1 results, major banking stocks have lost the upside bias. Most stocks are facing hurdles at upper levels.
Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high
The Nifty now trades at over 20 times its estimated earnings for the financial year 2023-24 (FY24). Experts believe financials is one sector which still offers value
Among the buyers were Aditya Birla Sun Life Mutual Fund, ICICI Prudential MF, SBI MF, Societe Generale and T Rowe Price
Shares of IDFC First Bank, IndusInd Bank, Bandhan Bank, and Axis Bank may surge up to 15 per cent, show technical charts.