Page 3 - Financials

Budget 2021 boosts financials; ICICI, IndusInd, IDBI Bank jump over 10%

Finance Minster made various announcements including increase in FDI limit in the insurance sector, recapitalisation and privatisation of select PSU banks

Fintechs may pose a challenge to banking sector over the next few years

The formal and informal fintechs will pose a significant challenge to the mainstream banking sector over the next few years

Ujjivan Small Fin, IDFC First: Financials rally on RBI's ownership proposal

Equitas Holdings and IDFC were locked in the 20 per cent upper circuit at Rs 63.40 and Rs 40.10, respectively on the BSE

'Banking sector a good long-term bet despite expensive valuation'

The market expects a strong bounce in earnings growth in FY22 with a growth of more than 30 per cent on a YoY basis.

Financials under pressure ahead of SC verdict on interest waiver plea

Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indexes were down in the range of 3 per cent to 4 per cent

Covid-19 crisis: Wipro sees short-term impact on gross profit margin

In a filing with the US Securities and Exchange Commission, the Bengaluru-headquartered firm, however, said that the impact couldn't be accurately predicted as the pandemic is yet to recede.

Financial shares rally on stimulus package hope; IndusInd Bank soars 40%

IndusInd Bank snapped its eight-day losing streak and surged 40% to Rs 421.8, its biggest-ever one-day gain on the NSE

Financials: Make or break sector

But, bank NPAs are alarming and NBFCs are a play on pick-up in household consumption

Financial shares under pressure; Bharat Financial hits eight-month low

Bharat Financial, Ujjivan Financial, Manappuram Finance, L&T Finance and M&M Financial were down 3% to 8%.

Sensex down 300 points; Nifty above 7,800

Bank shares were the top losers after rise in consumer price inflation dashed hopes of a rate cut by the Reserve Bank of India.