Banker says there were hiccups due to coronavirus impact but all lead indicators are turning positive
As long as Bharti Airtel's stock is able to defend Rs 440-mark, the upside bias may lead to upward rally towards Rs 480 and Rs 510 levels
Net interest margin flat at 4.34%, other income up 3% to Rs 456 cr
Primary trend of the stock is negative where stock price is trading below its important moving averages
RBL Bank on Thursday said it has launched cardless cash withdrawal facility from ATMs, leveraging the Instant Money Transfer (IMT) system
Ahuja sold the shares mainly to service personal debt and meet family commitments, the bank said
After a sharp dip in March 2020, Britannia Industries has recovered almost vertically and made a new record high at Rs 4,010 in July 2020
The capital will be issued to institutional investors such as Maple BV (an associate of Barings Private Equity Asia) and ICICI Prudential Life on preferential basis
The gross non-performing assets ratio improved to 3.45 per cent as against 3.62% in March, but was higher than 1.38% in the year-ago period
As per monthly option data, a handful of put writing on higher strikes ranging from 9,900 to 10,200 is seen which shows Nifty might witness support in subzone of 10,000
The Supreme Court, during the hearing, indicated that it was not considering a complete waiver of interest but was only concerned that postponement of interest shouldn't accrue further interest on it.
Nearly a fourth of its overall credit card portfolio of Rs 10,500 crore has opted for the moratorium, he said
While high NIMs put the bank's pricing power in good light, some reversal is expected in FY21 due to surplus liquidity, change in mix and a likely rise in bad loans
The bank's total revenue jumped 33 per cent YoY to Rs 1,522 crore from Rs 1,148 crore reported in Q4FY19, while its net interest income came in at Rs 1,021 crore, up 38 per cent YoY from Rs 739 crore
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today
The bank saw a healthy growth of 37 per cent in its operating profit at Rs 765 crore compared to Rs 560 crore a year ago.
Hindustan Unilever will be in focus today as UK-based GSK will offload shares worth Rs 26,000 crore in the FMGC major
Lenders are staring at unexpected asset quality losses due to the slowdown in economic activity after the countrywide lockdown.
Axis Capital expects RBL Bank to report 71.5 per cent year-on-year (YoY) drop in net profit at Rs 70.5 crore.
The bank is scheduled to issue a statement on certain key business parameters of the fourth quarter later in the day.