NEW DELHI: Private sector bank stocks were the biggest losers on Wednesday as the Sensex plunged 1,200 points. Index heavyweight, HDFC Bank is down 6.7 per cent, Kotak Mahindra is down more than 3 per cent, Axis Bank is down 2 per cent, ICICI Bank is down 2 per cent. AU Bank is down 3.5 per cent, RBL Bank is down 3 per cent, Yes Bank is down 3 per cent, RBL Bank is down 3 per cent. BSE Private Banks index is down more than 3 per cent. South Indian Bank is down more than 4 per cent, Union Bank is down 3 per cent. Elara Securities said in a report that HDFC Bank’s Q3 PAT of Rs 163.7 billion was broadly in line with our estimates following higher other income (stake sale in Bandhan…
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Category: Banking
5 Nifty50 companies including SBI, Coal India likely to post decline in net profit; check full list
5 Photos . Updated: 17 Jan 2024, 02:48 PM IST
Pranati Deva For the December quarter, Motilal Oswal anticipates a 10% (YoY) growth in Nifty earnings. The primary drivers for this growth are expected to be domestic cyclicals, particularly auto and BFSI. It has listed 5 stocks that are likely to post a decline in their net profit/loss in Q3. Let’s take a look:
₹11,020 crore as against ₹14,210 crore in the year-ago period. Meanwhile, its net interest income is likely to rise 5.5% to ₹40,160 crore vs ₹38,070 crore in the same period last year. According…
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Karnataka Bank and Clix Capital enter into co-lending partnership through Yubi Platform
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Mangaluru, 17 Jan 2024: Karnataka Bank (KBL), a leading Private Sector Bank and Clix Capital, one of India’s fastest growing new-age NBFCs, have entered into a strategic digital co-lending partnership through Yubi Co.lend Platform. This partnership is focused on providing loans to the Indian MSME sector which is one of the biggest contributors to India’s GDP and employment growth. The agreement is in line with the Reserve Bank of India’s…
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Source: http://www.bellevision.com/index.php?action=topnews&type=25923
Bank Of Maharashtra Reduces Interest Rate On Home Loan; Check Latest Rate
Author: Aditya Pratap SinghFri, 05 Jan 2024 04:38 PM (IST)Source:JNDBank Of Maharashtra Home Loan Rate: Right at the beginning of the year Bank of Maharashtra has offered a New Year gift to depositors. The public sector bank has reduced interest rates on its home loan by 15 basis points i.e. 0.15 percent. The bank is offering home loans at the rate of 8.35 per cent. Giving double benefits to its customers, BOM has also waived the processing fees on home loans. The move to reduce interest rates and exempt processing fees in home loans may attract more and more customers. The bank said in a statement that the current high-interest rate is making retail loans cheaper to bring happiness…
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Multibagger PSU Bank To Mull Fund Raising On Dec 28, Shares Fall 2.21% In 1-Week – Goodreturns
Multibagger PSU Bank To Mull Fund Raising On Dec 28, Shares Fall 2.21% In 1-Week Goodreturns
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Canara Bank’s Technology-Driven Growth Surge
Canara Bank Experiences Growth Surge Following Technology Adoption
In a significant development, Canara Bank is currently witnessing a substantial increase in its growth, attributed to the strategic adoption of data analytics and artificial intelligence/machine learning (AI/ML) technologies, as revealed by the bank’s Managing Director and CEO, K Satyanarayana Raju. The technology-driven transformation has resulted in an 8-11% incremental growth in key areas such as the bank’s current and savings accounts, housing, and vehicle loans, with a potential to escalate to 20-25%.
Technologies Enhancing Efficiency
The bank’s embrace of data analytics and AI/ML has remarkably altered the…
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Federal Bank Q3 Results Review
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.Federal Bank Ltd.’s net interest margin declined sequentially during Q3 FY24 led by increase in cost of funds. Credit growth stood at 18.4% YoY (20% YoY Q2 FY24) backed by strong growth across the segments. Asset quality remained stable with gross non-performing assets at 2.29% versus 2.26% QoQ.Deposits growth stood at 19% YoY versus 23% YoY (Q2 FY24). Management guided for…
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Icici Bank share price Today Live Updates : ICICI Bank Stocks Plummet Amidst Market Turmoil
17 Jan 2024, 03:03 PM IST
Icici Bank share price update :Icici Bank trading at ₹984.1, down -2.48% from yesterday’s ₹1009.15
The current data for ICICI Bank stock shows that the price is ₹984.1, with a percent change of -2.48 and a net change of -25.05. This means that the stock price has decreased by 2.48% and the net change is a decrease of ₹25.05.
17 Jan 2024, 02:48 PM IST
Top active options for Icici Bank
Top active call options for Icici Bank at 17 Jan 14:48 were at strike price of ₹1000.0 (Expiry : 25 JAN 2024) & ₹1020.0 (Expiry : 25 JAN 2024) with prices…
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CSB Bank stocks plummet in trading today
17 Jan 2024, 10:35:33 AM ISTCSB Bank share price update :CSB Bank trading at ₹382.5, down -0.82% from yesterday’s ₹385.65 The current data for CSB Bank stock shows that the stock price is ₹382.5. It has experienced a percent change of -0.82, indicating a decrease in value. The net change is -3.15, suggesting a decrease of ₹3.15 in the stock price.
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City Union Bank Stocks Plummet Due to Economic Uncertainty
The current stock price of City Union Bank is ₹146.25. It has experienced a percent change of -2.66, indicating a decrease in value. The net change in the stock price is -4, which means it has decreased by ₹4. Overall, the stock price of City Union Bank has decreased, resulting in a negative change.
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