Page 7 - Private Banks

CLSA thinks pvt banks may outperform PSBs ahead; check reasons, top picks

CLSA expects private sector banks, which have been stock market laggards over the past few months, to give better returns ahead, given a good business outlook and inexpensive valuations

Goldman Sachs aims to double lending to wealthy private bank clients

Goldman's total deposits jumped to $441 billion in the first quarter, with over 39 per cent coming from consumer accounts, versus $190 billion in total deposits at the end of 2019

RBL, IndusInd, Bandhan Bank become 'value' buy, soar up to 7%; here's why

Shares of RBL Bank, IndusInd Bank, Bandhan Bank, and City Union Bank surged by 7.2 per cent, 6.7 per cent, 6.6 per cent and 6.4 per cent, respectively in intraday deals

Unclaimed shares in banks caught in legal limbo

State-owned and private banks are regulated by different laws, complicating the task of investor protection. A solution could be incorporating all banks under the Companies Act of 2013

ABN Amro to buy German bank in biggest deal since 2008 financial crisis

The Dutch bank's deal comes as European lenders seek to diversify their revenues by bulking up in areas such as wealth management and private banking

Axis Bank to bring in expats in latest move to woo global companies

Axis is focused on companies from countries like South Korea, Japan, US, Germany, Italy and France that have good ties with India

Want to bring down retail loan growth: YES Bank MD & CEO Prashant Kumar

Kumar says the core capital of the bank is set to improve after investors - Carlyle group and Advent International - convert the warrants into equity

May 1 bank holiday: Are banks closed today? Check state-wise list

Banks will remain closed in some states on May 1 in observance of Maharashtra Day and May Day

Lok Sabha Elections 2024 Phase 2: Banks to remain shut today, check details

Lok Sabha Elections 2024 Phase 2: Due to the general elections 2024, banks will remain closed today, April 26. However, online transactions will remain active

IndusInd Bank Q4 result: PAT up 15% to Rs 2,349 cr on healthy loan growth

The bank's net loans grew 18%, it had said in its quarterly update earlier this month, outpacing a 14% growth in deposits

Deposit rates raised by public sector banks higher than private peers

The share of bank loans bearing over 8 per cent interest rates increased from 47.2 per cent in March 2022 to 78.9 per cent in March 2023, and further to 83.7 per cent in December 2023

HDFC Bank raises Rs 2,910 cr via infrastructure bonds for funding projects

The issue size was Rs 1,000 crore with a green shoe option of Rs 2,000 crore, debt market sources said. These bonds carry an "AAA" rating from CRISIL

Nifty Bank weak on charts, Nifty Private Bank rangebound: Check key levels

To capitalize on the prevailing downtrend in Nifty Bank, traders are recommended to sell, book profits, or establish short positions only when the index breaks below 46,864, said Ravi Nathani

Starting an FD? Here are the top rates offered by private and public banks

Navigating fixed deposit options: A comprehensive guide to top rates across different banks

Credit deposit ratio inch up Dec qtr; top PSBs report lower than pvt peers

The CD ratio is the ratio of the funds that banks lend compared to the funds raised in the form of deposits

Q3 results: Pvt banks' profit jumps 24% on high offtake, lower credit cost

But moderates sequentially due to pressure on interest income

CSB Bank Q3 results: Profit falls 4% to Rs 150 crore; gross NPAs down 1.2%

The bank's net interest income during the third quarter of this fiscal stood at Rs 383 crore, with an increase of 9 per cent over Rs 350 crore in Q3 of FY23

YES Bank's Q3 net rises to Rs 231 cr helped by drop in loan-loss provisions

India's Yes Bank said third-quarter net profit more than quadrupled, helped by a drop in loan-loss provisions and healthy growth in loans, but the result still fell short of expectations

Dhanlaxmi Bank's CEO to continue till the successor assumes charge

Dhanlaxmi further said that the board has already approved a panel of candidates for the chief executive officer position and has sought the regulator's approval

Axis Bank Q3 result: Net profit up 3.7% to Rs 6,071 cr, NII at Rs 12,532 cr

Axis Bank Q3FY24 results: Axis Bank's gross NPAs fell to 1.58% in the quarter from 1.73% in the previous quarter