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We have witnessed a good base building in the ITC stock and finally, it has managed to come out of its slumber
The tie-up is set to focus on the business generated by companies from the eastern Asian country present in India
According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India
SBI, the top gainer among the Sensex stocks, was up 8 per cent to Rs 337 at 02:25 pm, surpassing its previous high of Rs 332 touched on February 2, 2020
ICICI Bank reported a strong Q3FY21, led by robust operating performance, while strong asset quality trends enabled decline in provisioning expenses
Castrol India, Finolex Industries, Kansai Nerolac Paints and Reliance Capital are among 37 firms set to report their December quarter numbers today
Only ICICI Bank managed to witness addition in its market valuation the holiday-truncated last week
The lender was helped by a surge in net interest income
Its total income increased to Rs 24,416 crore from the year-ago's Rs 23,638 crore, while the total expenditure was lower at Rs 15,596 crore as against Rs 16,089 crore
The key monitorable, analysts said, will be downgrades to BBB and below list; outlook on asset quality; update on restructuring account; and business outlook
"We think the RBI will guide liquidity toward more normal settings, which could lead to spreads widening on corporate bonds," ICICI Bank's top official said
SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure.
BharatPe said it has raised Rs 139 crore in debt from venture debt firm Alteria Capital and ICICI Bank that will be used to strengthen its lending business and provide credit to merchants
Among the pack, mighty banks such as HDFC Bank and ICICI Bank are expected to outperform their peers, analysts say.
Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300
More than 20 selections for international profiles have been confirmed up to now
With valuations at a premium, brokerages highlight the need for caution
ICICI Bank's likely strong delivery on growth, asset quality and return ratios, despite the Covid-19-induced disruption, will call for a re-rating, say analysts
Following the stake sale, LIC's holding in the bank has reduced to 6.74 per cent from 8.74 per cent earlier,