Banking stocks shine ahead of RBI MPC meeting outcome; HDFC Bank, ICICI Bank, SBI among 8 top picks of experts
1 month ago

Banking stocks shine ahead of RBI MPC meeting outcome; HDFC Bank, ICICI Bank, SBI among 8 top picks of experts

Live Mint  

Several banking stocks, including HDFC Bank, ICICI Bank and SBI, traded with healthy gains on Wednesday, December 4, fuelled by hopes of supportive monetary policy from the Reserve Bank of India after recent macroeconomic data signalled a slowdown in India's growth momentum. Abhishek Pandya, a research analyst at Stoxbox, pointed out that the Nifty Bank has risen by 6 per cent over the last eight trading sessions, indicating strong bullish momentum. According to Anshul Jain, Head of Research at Lakshmishree Investment and Securities, PSU bank stocks are rising due to the rate cut buzz expected from the RBI MPC meeting. Here's what they said: Abhishek Pandya, Research Analyst, Stoxbox "In a cycle characterised by declining credit growth and significant asset quality concerns, HDFC Bank, ICICI Bank, and SBI emerge as standout choices for medium to long-term investment perspectives," said Pandya.

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HDFC Bank cuts lending rate by 5 bps, check the latest rates
Trending News
1 day, 20 hours ago

HDFC Bank cuts lending rate by 5 bps, check the latest rates

Live Mint  

HDFC Bank has cut its marginal cost of funds-based lending rate on select tenures by upto 5 basis points. In 2016, the Reserve Bank of India replaced the base rate system with the MCLR based lending rates. However, those borrowers who had taken loans before 2016 are still governed by the base rate or benchmark prime lending rates as the …

HDFC Bank introduces revised lending and FD rates. Check details
2 days, 6 hours ago

HDFC Bank introduces revised lending and FD rates. Check details

India Today  

HDFC Bank, one of India’s largest private banks, has reduced its Marginal Cost of Funds-Based Lending Rate by up to 5 basis points across select tenures. UNDERSTANDING MCLR AND ITS IMPACT MCLR, introduced by the Reserve Bank of India in 2016, replaced the base rate system to make lending rates more dynamic. Borrowers under older regimes like the base rate …

India’s banking credit growth to remain subdued in FY2026, lowered forecast: ICRA
6 days, 20 hours ago

India’s banking credit growth to remain subdued in FY2026, lowered forecast: ICRA

Live Mint  

New Delhi, January 2 : Credit rating agency ICRA has lowered its banking credit growth estimate for FY2025 to 10.5-11.0 per cent, down from its previous forecast of 11.6-12.5 per cent. For FY2026, ICRA anticipates a further slowdown in credit growth, estimating a range of 9.7-10.3 per cent, influenced by the high CD ratio and upcoming changes in the liquidity …

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern
1 week, 6 days ago

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern

Live Mint  

New Delhi, Dec 27 Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the ₹1.5 lakh crore milestone in 2024-25. Public lenders recorded their highest-ever aggregate net profit of ₹1.41 lakh crore in 2023-24 on the back of significant improvement in asset quality, credit growth, healthy capital adequacy ratio and rising return on …

FD rates soar: Earn up to 7.4% with DCB, IndusInd, YES, Axis and other top banks
2 weeks ago

FD rates soar: Earn up to 7.4% with DCB, IndusInd, YES, Axis and other top banks

India Today  

Fixed deposits remain a go-to choice for Indian investors seeking stability and guaranteed returns. Amid rising interest rates, both private and government banks are offering appealing rates for general citizens on deposits under Rs 3 crore, particularly for five-year tenures. TOP BANKS OFFERING COMPETITIVE RATES For five-year fixed deposits, private and government banks are offering competitive interest rates: DCB Bank …

FD interest rates: 6 banks offer highest rates on their long-term fixed deposits
2 weeks ago

FD interest rates: 6 banks offer highest rates on their long-term fixed deposits

Live Mint  

Prior to locking your money into a fixed deposit, it is recommended to compare the interest rates offered by different banks on their term deposits. Highest FD interest rates offered by banks: HDFC Bank: On a 3-year fixed deposit, this private lender offers 7 percent interest rate to regular citizens and 7.5 percent to senior citizens. Bank Regular Senior Citizens …

HDFC Bank a beacon of safety amid rising systemic stress, shares deserve premium, says Emkay Global; raises target price
2 weeks, 2 days ago

HDFC Bank a beacon of safety amid rising systemic stress, shares deserve premium, says Emkay Global; raises target price

Live Mint  

HDFC Bank share price gained nearly 2% on Monday amid broad-based buying in banking stocks, fuelling a short-covering rally in the Indian stock market. Positive momentum in HDFC Bank shares was also boosted after Emkay Global reiterated its bullish view on the banking heavyweight and raised target price on the stock. With rising systemic stress, we believe HDFC Bank deserves …

Stocks to buy: HDFC Bank to Zomato—Stoxbox recommends top 10 picks to boost your portfolio in 2025
3 weeks, 4 days ago

Stocks to buy: HDFC Bank to Zomato—Stoxbox recommends top 10 picks to boost your portfolio in 2025

Live Mint  

Stocks to buy: Domestic equity benchmarks Sensex and Nifty 50 logged their fourth straight weekly gain, the longest such streak since July end, buoyed by consumer stocks on easing domestic retail inflation and the return of foreign inflows. 2) Federal Bank: CMP: ₹213.20, Target Price: ₹250, Upside: 18% Federal Bank, with a current market price of ₹213.20 and a target …

HDFC Bank vs ICICI Bank: Which private sector lender to choose in long term?
3 weeks, 5 days ago

HDFC Bank vs ICICI Bank: Which private sector lender to choose in long term?

Live Mint  

HDFC Bank vs ICICI Bank: The private banking sector in India is dominated by two stalwarts, HDFC Bank and ICICI Bank, offering investors a blend of stability and growth potential. HDFC Bank vs ICICI Bank: A Comparative Look at Q2FY25 Earnings HDFC Bank reported a 5.3 percent year-on-year increase in standalone net profit to ₹16,821 crore in Q2FY25, compared to …

Two small-cap PSU banks set for a leap?
4 weeks ago

Two small-cap PSU banks set for a leap?

Live Mint  

The Indian stock market has seen remarkable movements in recent years, with public sector undertaking banks emerging as a standout sector. Within this space, small-cap PSU banks like UCO Bank and Central Bank of India are showing significant potential and positioning themselves as future leaders. This scenario would likely benefit smaller PSU banks like UCO Bank and Central Bank of …

How does RBI’s CRR cut affect banks and which banking stocks to buy now? Here’s experts take
Trending News
1 month ago

How does RBI’s CRR cut affect banks and which banking stocks to buy now? Here’s experts take

Live Mint  

Although the Reserve Bank of India held off on premature rate cuts due to persistent inflation, it provided significant relief to market participants by announcing a 50-basis-point reduction in the cash reserve ratio on Friday, December 6. Simply put, a cut in CRR means banks will have more money to lend now as they will be required to keep less …

RBI MPC Outcome: Market remains stable, analysts call CRR cut a positive for banking stocks
1 month ago

RBI MPC Outcome: Market remains stable, analysts call CRR cut a positive for banking stocks

New Indian Express  

DELHI: India’s equity market remained steady on Friday morning, with benchmark indices BSE Sensex and NSE Nifty50 trading flat after the Reserve Bank of India’s Monetary Policy Committee decided to keep the repo rate unchanged at 6.5% for the 11th consecutive time. The RBI also announced a reduction in the Cash Reserve Ratio from 4.5% to 4%, a move expected …

Stocks to watch today: Banking sector shares in focus, Ola Electric, Nykaa
1 month ago

Stocks to watch today: Banking sector shares in focus, Ola Electric, Nykaa

India Today  

As the Reserve Bank of India's Monetary Policy Committee gears up for key announcements today, market activity is expected to remain high. In today’s session, shares of Mishtann Foods, Canara Bank, Nykaa, Ola Electric, Dr Reddy’s Laboratories, Aditya Birla Fashion and Retail, and others are expected to see movement. BANKING STOCKS Banking and financial sector shares are likely to dominate …

RBI reduces CRR to 4% for liquidity boost. 3 things to know
1 month ago

RBI reduces CRR to 4% for liquidity boost. 3 things to know

India Today  

The Reserve Bank of India's Monetary Policy Committee has reduced the cash reserve ratio to 4% from 4.5% to address liquidity woes, announced Governor Shaktikanta Das. RBI Governor Shaktikanta Das said that lowering the Cash Reserve Ratio is consistent with the central bank's neutral policy stance. “A CRR cut would inject liquidity into the banking system, providing a cushion for …

Banking revival in 2025: Why strong liability franchises stand to gain
1 month ago

Banking revival in 2025: Why strong liability franchises stand to gain

Live Mint  

Indian bank stocks are waiting for their moment in the sun. Read this | Private lenders see stress in credit cards, personal loans in Q2 Elevated deposit costs and sluggish base growth weighed heavily on net interest margins for both public and private banks. Public vs private banks Credit costs for private banks increased by 10 basis points sequentially, with …

Three reasons HDFC Bank may turn around sooner than you think
1 month ago

Three reasons HDFC Bank may turn around sooner than you think

Live Mint  

HDFC Bank shares hit an all-time high of ₹1,830 apiece on 28 November. Anticipated fund-flows While fund-flows are temporary and volatile, two major sources of fund flows may explain the recent buoyancy in the HDFC Bank stock. This influx is primarily due to HDFC Bank's increased weight in the MSCI Global Standard Index, which will enhance its attractiveness to passive …

Explained: Why HDFC Bank share price gained 2% today
1 month ago

Explained: Why HDFC Bank share price gained 2% today

India Today  

HDFC Bank's market capitalisation surpassed Rs 14 lakh crore on Tuesday after its shares gained in early trade, buoyed by reports of a major block deal. The block deal involved the sale of 21.7 lakh shares, valued at approximately Rs 392 crore based on the bank's previous closing price of Rs 1,804.55. HDFC Bank shares rose 2% in early trade …

HDFC Bank Hits Milestone With Market Cap Surpassing Rs 14 Trillion
1 month, 1 week ago

HDFC Bank Hits Milestone With Market Cap Surpassing Rs 14 Trillion

ABP News  

HDFC Bank, India’s largest private sector lender, achieved a significant milestone as its market capitalisation crossed the Rs 14 trillion mark for the first time during Thursday’s intra-day trading on the BSE. The bank's shares soared to a record high of Rs 1,832.75, gaining 1.2 per cent in intra-day trade. Outperforming the Market Over the past six months, HDFC Bank’s …

Banking vs realty: Which stocks to buy in the current Indian stock market?
1 month, 1 week ago

Banking vs realty: Which stocks to buy in the current Indian stock market?

Live Mint  

Stocks to buy today: Amid Indian stock market turning negative after the nifty 50 index fell below the 24,200 mark, investors are busy finding value picks as the frontline index Nifty 50 is down over 8.25 per cent from its record highs. Asked about the segment where one can bet high in the current Indian stock market, Vikas Jain, Head …

HDFC Bank market cap crosses ₹14 lakh crore for the first time as stock hits fresh high
1 month, 1 week ago

HDFC Bank market cap crosses ₹14 lakh crore for the first time as stock hits fresh high

Live Mint  

India's largest private lender HDFC Bank's market capitalisation topped ₹14 lakh crore for the first time on Thursday, November 28 as the stock rose to its fresh high of ₹1,836.05 today. HDFC Bank's market cap touched ₹14.01 lakh crore but later slipped below the coveted ₹14 lakh crore mark amid sharp profit-taking in the broader markets. HDFC Bank is India's …

BFSI Stock Picks: ICICI Bank, SBI among Mirae Asset’s top 10 picks for investors after mixed Q2; Should you buy or hold?
1 month, 1 week ago

BFSI Stock Picks: ICICI Bank, SBI among Mirae Asset’s top 10 picks for investors after mixed Q2; Should you buy or hold?

Live Mint  

Indian banks and non-banking financial companies reported a mixed performance for the July-September quarter of current fiscal on margin compression, an increased credit cost and a slowdown in credit growth. BFSI Q2FY25 Review The bank’s credit growth figure eased to 14.8 per cent year-on-year in Q2FY25, compared to 15.4 per cent YoY in Q1FY25 and 14.9 per cent YoY in …

HDFC Bank shares hit all-time high above Rs 1,800 amid MSCI rebalancing
1 month, 2 weeks ago

HDFC Bank shares hit all-time high above Rs 1,800 amid MSCI rebalancing

New Indian Express  

MUMBAI: Shares of HDFC Bank, India’s largest private sector lender, surged above the Rs 1,800-mark to hit a fresh all-time high of Rs 1,803.55 on Monday, driven by a surge in trading volumes following the implementation of the Morgan Stanley Capital International November rebalancing. Since the reverse merger with its parent company, HDFC, in July 2023, HDFC Bank's stock had …

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here
1 month, 3 weeks ago

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here

Live Mint  

The State Bank of India, India's largest public sector bank, is planning to raise up to $1.25 billion, marking the biggest dollar-denominated loan in the country's financial sector. Dollar loan volume declines The report said that despite these loans, India's dollar loan volume has declined 27 per cent to $14.2 billion this year due to the absence of large company …

RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks
1 month, 3 weeks ago

RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks

Live Mint  

India’s central bank, the Reserve Bank of India, announced on Wednesday that the State Bank of India, HDFC Bank, and ICICI Bank remain designated as domestic systemically important banks. According to the RBI, SBI and HDFC Bank will face heightened capital buffer requirements beginning April 1, 2025. PSBs vs Private banks Separately, a recent report by SBI highlighted robust financial …

ICIICI Bank's Robust Q2: A Beacon of Stability in Retail and Rural Segment
2 months, 1 week ago

ICIICI Bank's Robust Q2: A Beacon of Stability in Retail and Rural Segment

Live Mint  

ICICI Bank's Q2FY25 results show resilience in the retail and rural segments despite a challenging environment. The bank achieved a strong net addition to gross NPAs, primarily driven by the retail and rural portfolio. Despite a decline in NIM, the bank's core profit and return on assets remain high, indicating strong financial health. The bank's stock has outperformed its peers, …

HDFC Bank Q2 Update: Gross advances rise 7% to ₹25.19 lakh crore, deposits jump 15% YoY
3 months ago

HDFC Bank Q2 Update: Gross advances rise 7% to ₹25.19 lakh crore, deposits jump 15% YoY

Live Mint  

HDFC Bank, the country’s biggest private sector lender, on Friday, reported gross advances growth of 7% at ₹25.19 lakh crore as of September 30, 2024, compared with ₹23.54 lakh crore as of September 30, 2023. {{^adFree}} {{/adFree}} HDFC Bank’s advances under management, which include advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/assignment, stood at ₹26.33 lakh crore …

Financial stocks overvalued, says Emkay, suggests HDFC Bank, IndusInd Bank, RBL for the short term
3 months, 1 week ago

Financial stocks overvalued, says Emkay, suggests HDFC Bank, IndusInd Bank, RBL for the short term

Live Mint  

The financial sector is witnessing a short-term rally driven by a potential recovery in deposit growth as the RBI embarks on its anticipated easing cycle. Seshadri Sen, Head Of Research And Strategist at Emkay Global Financial Services Ltd believes lenders are still overvalued in the longer term, with fair value ranging at 1.5-1.7x PBV versus current levels of 2-2.8x. Also, …

US Fed meeting underway: As US Fed rate cut looms, experts upbeat on HDFC Bank, ICICI Bank, Axis Bank, SBI
3 months, 3 weeks ago

US Fed meeting underway: As US Fed rate cut looms, experts upbeat on HDFC Bank, ICICI Bank, Axis Bank, SBI

Live Mint  

The US Fed meeting is underway. Experts predict positive impacts on private banks like HDFC Bank, ICICI Bank, Axis Bank and SBI. The US Fed rate cut decision is expected to impact Indian banking stocks positively. ICICI Bank and other prominent private sector banks like Axis Bank, Kotak Mahindra Bank, HDFC Bank, and IndusInd Bank enjoy upbeat investor sentiment. Amit …

Stocks to buy: ICICI Bank, SBI, HDFC Bank, Bharti Airtel among Axis Securities’ nine top largecap stock picks for August
5 months, 1 week ago

Stocks to buy: ICICI Bank, SBI, HDFC Bank, Bharti Airtel among Axis Securities’ nine top largecap stock picks for August

Live Mint  

Indian stock market benchmark indices, Sensex and Nifty 50, declined around 1% each on Friday tracking weak global market cues. Hence, bottom-up stock picking with a focus on ‘growth at a reasonable price’ and ‘Quality’ would be keys to generating satisfactory returns in the next one year,” Axis Securities said in a report. Here’s are Axis Securities’ top largecap stocks …

Bears flock to HDFC Bank counter as loan, deposit growth slows
6 months ago

Bears flock to HDFC Bank counter as loan, deposit growth slows

Live Mint  

Mumbai: Bears have flocked to the derivatives counter of HDFC Bank after the lender reported slower loan growth and flat deposit growth in the June quarter last week. Joshi, ED, Khambatta Securities, said the pain of the merger of HDFC into the lender could last for a "few more years " but added he doesn't expect a "big correction" after …

Sensex crosses 80,000 in a first, Nifty hits record highs; HDFC Bank soars
6 months ago

Sensex crosses 80,000 in a first, Nifty hits record highs; HDFC Bank soars

Hindustan Times  

Indian stock market hit record highs at the open today owing to HDFC Bank which surged on hopes of a likely increase in its weightage in a key global index. Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange building in Mumbai. This comes as foreign institutional investors' …

Nifty Bank surges over 3% to mark biggest weekly gain in 2024; Bandhan Bank climbs 8%, IDFC Bank up 7%
6 months, 2 weeks ago

Nifty Bank surges over 3% to mark biggest weekly gain in 2024; Bandhan Bank climbs 8%, IDFC Bank up 7%

Live Mint  

The Indian market ended the shortened trading week with significant fluctuations as profit booking by investors caused major indices to close in negative territory. Global brokerage firm CLSA has shown a preference for private sector banks over their public sector counterparts, noting their currently reasonable valuations. Another global brokerage house, Macquarie, also advised investors to favor private sector banks while …

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore
7 months ago

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore

The Hindu  

The market capitalisation of the State Bank of India crossed the ₹8 lakh crore mark on June 3 after the bank's shares surged to a record high of ₹907. Finance Minister Nirmala Sitharaman has recently posted on social media that India's banking sector has achieved a significant milestone by recording its highest-ever net profit, exceeding ₹3 lakh crore. In the …

These 'Modi stocks' may benefit from BJP win in Lok Sabha elections, CLSA says
7 months, 1 week ago

These 'Modi stocks' may benefit from BJP win in Lok Sabha elections, CLSA says

Hindustan Times  

International brokerage CLSA said that 54 companies could be direct beneficiaries of the current government's policies. The list features many public sector undertakings from capex and infrastructure-linked sectors which the brokerage named as “Modi stocks” since they have gained based on chances of the BJP coming back to power. The “Modi stocks” have outperformed the Nifty and the trend is …

HDFC Bank vs ICICI Bank vs Axis Bank: Which stock to buy after Q4 results?
8 months, 1 week ago

HDFC Bank vs ICICI Bank vs Axis Bank: Which stock to buy after Q4 results?

Live Mint  

Top Indian private banks, HDFC Bank, ICICI Bank and Axis Bank, have reported their Q4 results with the lenders showing a decent growth in its net profit and net interest income along with contracting net interest margin. All these three top private lenders HDFC Bank, ICICI Bank, and Axis Bank reported a faster deposit growth in Q4FY24 as compared with …

TCS, Infosys, SBI, ITC, HUL, ICICI Bank biggest losers, suffer ₹1.4 lakh crore loss in market capitalisation
8 months, 2 weeks ago

TCS, Infosys, SBI, ITC, HUL, ICICI Bank biggest losers, suffer ₹1.4 lakh crore loss in market capitalisation

Hindustan Times  

Except mostly for HDFC Bank and Reliance Industries, for most stock market participants, it was a week not to remember. TCS, Infosys, SBI, ITC, HUL, and ICICI Bank dropped as much as ₹ 1.4 lakh crore in market capitalisation last week. Among the banks in the top 10 list, ICICI Bank market capitalisation fell by ₹26,423.74 crore to ₹7,49,023.89 crore. …

HDFC Bank Vs ICICI Bank Vs SBI: Check Detailed FD Interest Rates Comparison
10 months, 3 weeks ago

HDFC Bank Vs ICICI Bank Vs SBI: Check Detailed FD Interest Rates Comparison

News 18  

HDFC Bank Vs SBI Vs ICICI Bank FD Rates: Fixed-income instruments, like small savings schemes, bank FD and G-Sec, have been a sought-after route for those investors who are looking for a stable return with low risk. ICICI Bank is offering FD rates up to 7.60 per cent annually and SBI is giving up to 7.50 per cent a year. …

HDFC Bank shares fall 7% day after Q3 results; steep decline in stock market
11 months, 3 weeks ago

HDFC Bank shares fall 7% day after Q3 results; steep decline in stock market

Hindustan Times  

HDFC Bank share price: Just a day after its quarterly results were posted, the shares of HDFC Bank fell over 7 percent as the markets opened on Wednesday. HDFC Bank shares fall after Q3 results At 9:15 am on January 17, HDFC Bank share prices were recorded at ₹1583.85 apiece, falling seven percent from its previous closing rate. Not only …

Small finance, payments banks growing sustainably: Experts at Mint BFSI Summit
11 months, 4 weeks ago

Small finance, payments banks growing sustainably: Experts at Mint BFSI Summit

Live Mint  

New Delhi: Small finance banks and payments banks, constituted under the differentiated banking license policy of the Reserve Bank of India, have seen sustainable growth throughout their existence, industry experts said at the Mint BFSI Summit and Awards 2024 on Thursday. That means they have touched the lives of 100 million Indians, or 7% of the population, in under seven …

Stocks to buy: Experts recommend these 10 shares to buy after US Fed meeting
1 year ago

Stocks to buy: Experts recommend these 10 shares to buy after US Fed meeting

Live Mint  

Shares to buy today: Despite US Federal Reserve deciding to keep interest rate at 22-year high, the US central bank has signaled three rate cuts in the year 2024. US Fed meeting outcome in focus On impact of US Fed rate cut outlook on Indian stock market, Saurabh Jain, Vice President — Research at SMC Global Securities said, "After the …

RIL, HDFC Bank, Infosys, and 5 other large caps are 7-25% below all-time highs
1 year, 1 month ago

RIL, HDFC Bank, Infosys, and 5 other large caps are 7-25% below all-time highs

Live Mint  

Indian markets witnessed another stellar rally in today's trading session, with key benchmark indices reaching record highs. The rally, which began during Monday's trading session in response to the ruling party, BJP, victory in three state elections, instilled significant optimism among investors. Shares of Reliance Industries, the country's largest firm in terms of market capitalization, are trading 14.67% below their …

Stocks to buy: ICICI Bank, IndusInd Bank among top picks in financial sector
1 year, 3 months ago

Stocks to buy: ICICI Bank, IndusInd Bank among top picks in financial sector

Live Mint  

The banking and financial services industry is expected to see decent growth with earnings expected to remain resilient despite net interest margin compression in the second quarter of FY24. Brokerage firm Motilal Oswal Financial Services expects systemic loan growth to remain healthy at 14% YoY in FY24, driven by continued traction in the Retail and SME segments. ICICI Bank, IndusInd …

Stocks to Watch: HDFC Bank, Maruti Suzuki, Bajaj Finserv, Vedanta, ICICI Bank
1 year, 3 months ago

Stocks to Watch: HDFC Bank, Maruti Suzuki, Bajaj Finserv, Vedanta, ICICI Bank

Live Mint  

Here are the top stocks that could be in focus in today's trade: HDFC Bank: HDFC Bank Ltd. is revamping some parts of top management as the Indian bank seeks to propel its mortgage business. It received the show cause cum demand notice from the Directorate of GST Intelligence for the non-payment of GST on co-insurance and re-insurance premiums, said …

Banks to see margin pressure amid hike in deposit rates: Jefferies
1 year, 3 months ago

Banks to see margin pressure amid hike in deposit rates: Jefferies

Live Mint  

With the rising interest rate environment, most Indian banks are likely to see some pressure on their net interest margins over the next two to three quarters. Since December 2021, most Indian banks have taken a 170-210 basis points hike in their term deposit rates, with larger private banks and State Bank of India taking hikes of around 170-210 bps, …

ICICI Bank, SBI among top banking sector pics by Axis Securities
1 year, 4 months ago

ICICI Bank, SBI among top banking sector pics by Axis Securities

Live Mint  

The Indian banks delivered stellar performance in the first quarter of FY24, with many state-run lenders registering over 100% year-on-year growth in net profit. The private lender has met most criteria in terms of growth, margins, and asset quality and has started FY24 well and Axis Securities expects this momentum to continue. Strong asset quality metrics should keep credit costs …

Why HDFC Bank Stock Could Be a Sell
1 year, 4 months ago

Why HDFC Bank Stock Could Be a Sell

Live Mint  

HDFC Bank is the largest private-sector bank in India. Let’s look at the bearish sentiment surrounding HDFC Bank's stock price on charts. HDFC Bank, Daily Chart View Full Image Data Source: Tradingview The resistance at ₹1,700 indicates a strong barrier that the stock has struggled to surpass, pointing to the possibility of a bearish reversal. In Conclusion The daily chart …

HDFC, ICICI, Canara among five banks that have hiked lending rates this month
1 year, 4 months ago

HDFC, ICICI, Canara among five banks that have hiked lending rates this month

Live Mint  

Banks have been hiking lending rates. In August, top banks in India, including HDFC Bank, ICICI Bank, Bank of Baroda, and Bank of India increased their marginal cost of funds-based lending rate. HDFC Bank MCLR rates in August 2023 HDFC Bank has hiked benchmark marginal cost of funds-based lending rates by 15 basis points on select tenures with effect from …

Cleaning up of NPA mess will propel the economy
1 year, 5 months ago

Cleaning up of NPA mess will propel the economy

Hindustan Times  

To understand the complexities of India’s banking sector, one needs to grapple with a term that tends to recur with unsettling regularity – non-performing assets. The gross NPA ratio of scheduled commercial banks stood at 4.9%, and ₹66.6 lakh crore in March 2014 were bad loans. The National Democratic Alliance government took several steps to address the NPA problem, including …

Banks’ margin party is drawing to a close
1 year, 6 months ago

Banks’ margin party is drawing to a close

Live Mint  

The stellar rebound in India’s banking sector performance has been in focus in the recent quarters. Much of this is owing to the robust systemic bank credit growth and the sharp rise in lending rates, resulting in a significant improvement in the net interest margins of banks in the backdrop of RBI’s monetary tightening. As per RBI data, SCBs’ weighted …

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