ICICI Bank, Axis, among others see rise 'proforma' slippages in Q3
The funds secured have 100 per cent guarantee from the US International Development Finance Corporation
The firm has received Rs 2,021 crore equity from the promoters after the conversion of preferential warrants into equity shares
The rights issue was necessitated to infuse residual capital into the bank in lieu of conversion of warrants issued to them in 2019 worth over Rs 2,695 crore into equity
The family's holding in the lender shrank to 13% following its merger with the nation's largest microlender Bharat Financial in July 2019
The Hinduja family paid a premium to boost its stake in IndusInd Bank. More on that story and other headlines.
YES Bank faces greater asset risks than its peers, although its capitalisation, liquidity and funding have improved
The bank's stock price has more than doubled in six months, standing at Rs 1,026 a share
In its bull-case scenario, Morgan Stanley sees IndusInd Bank's stock price rising to Rs 2,030 levels in the next one-year
The private lender is looking to grow its loan book by 15-18 per cent YoY for the next two financial years under its fifth planning cycle
Castrol India, Finolex Industries, Kansai Nerolac Paints and Reliance Capital are among 37 firms set to report their December quarter numbers today
The roll-out of planning cycle (2020-2023) with a strategy of "scale with sustainability" was postponed by a couple of quarters due to the pandemic
Other income declined by eight per cent to Rs 1,646 crore in Q3 of FY21 from Rs 1,790 crore in Q3 of FY20.
Both the benchmarks have erased around 5 per cent during the week
Larsen and Toubro is expected to report a strong sequential rebound in performance in Q3FY21 on the back of a healthy order inflow across verticals
The government will sell up to 10% stake in SAIL via OFS on January 14-15
Little leeway on pricing and asset quality at a tricky level could places both segments in a tight spot
Analysts at BofA Securities have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a "surprisingly" resilient asset quality outlook, and reasonable valuations
Nifty Bank has outperformed the benchmarks so far this month. The overall broader structure is hinting at a fresh new high in the January series and as long as it sustains above 31,550 levels
If Nifty again slide below 13,626, we may see some corrective move in the concluding week of the current calendar year