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
Strong growth is expected to counter the likely asset quality issues
New deadline set at Feb 4, 2021, by which time Hindujas must bring in Rs 2,021.45 crore towards subscription
Positive management outlook post Q2 results has tempted analysts to upgrade their rating
Betting on pure-play MFI players such as CreditAccess Grameen and Spandana Sphoothy may be safer compered to MFI-oriented banks
Online service 'Smart Finance' to cover 30 cities, Company says this will result in improvement of enquiry to sales conversion
Rehauling of business strategy is presently underway; set to approach the RBI for banking license once final guidelines is released
The Sensex rose 1.15 per cent, or 506 points, to end at 44,655, while the Nifty added 1.1 per cent, or 140 points to close at 13,109
Shares of IndusInd Bank have surged 47% in November - third-most among Nifty companies
A listed company enters the list when the available legroom for overseas investment is less than 3 per cent of the permissible limit
The stock was up 5% at Rs 777.80, trading at its highest level since March 13, 2020.
In the past week, the S&P BSE Finance index has rallied 10 per cent, against a 5 per cent gain in S&P BSE Sensex.
Ubs Principal Capital Asia Ltd on Tuesday sold shares of IndusInd Bank worth nearly Rs 148 crore through an open market transaction
Shares of ICICI Bank hit an intra-day high of Rs 421 after the lender reported a six-fold jump in the standalone net profit at Rs 4,251 crore for the quarter ended September 2020
Without taking the focus away from the difficult operating environment, the management is optimistic on growth after three quarters
The provisions and contingencies were up by 166 per cent at Rs 1,964 crore in Q2FY21 from Rs 737 crore in Q2FY20