According to Vinay Rajani, banking as a sector has been outperforming for a while and technical setup of bank index is much stronger than Nifty.
Analysts have upped their one-year target price for ICICI Bank due to its consistent delivery over the last few years, which, they say, reflects an 'impressive turnaround'
The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 per cent, lower at 57,491
Axis Bank, HDFC AMC, Indian Energy Exchange, SBI Cards, Shriram Transport Finance, Steel Strips Wheels, and Zensar Technologies to announce results today.
Live news updates: India reported 333,533 new cases of Covid-19 in the last 24 hours-a marginal decline since Saturday.
Asset quality of the bank improved and its provisions fell 27% to Rs 2,007 in Q3FY22 from Rs 2,742 crore in Q3FY21
The bank reported improvement in gross NPAs ratio at 4.13% from 4.38% at the end of the third quarter of the previous year
Bijapurkar is engaged with an educational institution where she teaches market and business strategy
Analysts expect ICICI Bank to continue reporting healthy operating profit, along with double digit growth in loan book
There are other stocks which may show breakout structure, but still possesses the risk of high volatility and momentum, that may shift in any situation.
The shareholders of the bank at its Annual General Meeting in August last year had approved Bagchi's re-appointment for five years effective February 1, 2022
Customers can make online payment by selecting ICICI Bank from the list of banks on the website of the Indian Customs Electronic Gateway (ICEGATE)
Essentially, systemically important banks are the ones perceived as too big to fail. Such a perception creates an expectation of govt support for these banks at times of distress
While RIL, TCS, Infosys, HUL and Wipro were the gainers, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance and SBI emerged as laggards
Consumer Durable stocks are also likely to be in focus on Monday after the company have hiked prices for the third time this year
Compared to private sector entities, public sector-owned firms are able to get 5-10 basis points finer rates
The board of directors of the bank had in April this year approved to raise funds by issuing debt securities
RBI found non-compliance on part of ICICI Bank with directions related to levy of charges for non-maintenance of minimum balance in saving accounts
Valuation of the standalone bank is currently at 25-30 per cent discount to HDFC Bank
The two lenders posted strong performance in Q2, and analysts' target prices indicate upside of at least 35-40%