ICICI Bank stock hits record high, market cap crosses ₹9 lakh crore for first time; What's driving the rally?
3 months ago

ICICI Bank stock hits record high, market cap crosses ₹9 lakh crore for first time; What's driving the rally?

Live Mint  

On September 18, ICICI Bank stock reached an all-time high of ₹ 1,295 on the BSE, marking a 2 percent increase from the previous close, with a market capitalization of ₹ 9.1 lakh crore. Private lender ICICI Bank, on Wednesday, became the fourth Indian company to surpass a market capitalization of ₹9 lakh crore for the first time, following a share price increase of over 30 percent in 2024. {{^adFree}} {{/adFree}} On September 18, the stock reached an all-time high of ₹1,295 on the BSE, marking a 2 percent increase from the previous close, with a market capitalization of ₹9.1 lakh crore. ICICI Bank stock performance ICICI Bank's shares have surged nearly 30% in both the current and previous calendar years.

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History of this topic

HDFC Bank vs ICICI Bank: Which private sector lender to choose in long term?
1 week, 3 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 …

IDBI Bank Share Price Today on 27-11-2024: IDBI Bank share price are up by 0.21%, Nifty up by 0.05%
3 weeks, 5 days ago

IDBI Bank Share Price Today on 27-11-2024: IDBI Bank share price are up by 0.21%, Nifty up by 0.05%

Live Mint  

IDBI Bank Share Price Today on 27-11-2024: At 27 Nov 11:20 today, IDBI Bank shares are trading at price ₹82.03, 0.21% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Delhivery Q2 results 2024 on 15 Nov, 2024: profit at ₹10.2Cr, Revenue increased by 12.77% YoY
Trending News
1 month, 1 week ago

Delhivery Q2 results 2024 on 15 Nov, 2024: profit at ₹10.2Cr, Revenue increased by 12.77% YoY

Live Mint  

Delhivery Q2 Results 2024:Delhivery declared their Q2 results on 14 Nov, 2024, showcasing a topline increase of 12.77% year-on-year. Despite the positive quarterly results, Delhivery has faced challenges in the stock market, delivering a return of -6.6% in the past week, -26.59% over the last six months, and -15.08% year-to-date. The consensus recommendation as of 15 Nov, 2024, is to …

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25
1 month, 3 weeks ago

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25

The Hindu  

Canara Bank reports a strong Q2 performance with a 11.31% increase in net profit to ₹4,014 crore. The bank's net interest income also saw a significant rise, reaching ₹9,315 crore, compared to ₹8,903 crore in the corresponding quarter last year. The bank's NPAs have been reduced significantly, with the MSME sector NPA ratio dropping to 7.1% in Q2, down from …

Stocks to Watch: ICICI Bank, Yes Bank, Coal India, Inox Wind, Lodha, REC, and more
1 month, 3 weeks ago

Stocks to Watch: ICICI Bank, Yes Bank, Coal India, Inox Wind, Lodha, REC, and more

Live Mint  

The Indian stock market saw a mixed performance in the second quarter of 2023, with several major companies reporting strong financial results. ICICI Bank, Yes Bank, and REC reported significant increases in their net profits, while Coal India and Bharat Petroleum saw a decline in their profit margins. Inox Wind and DLF reported significant profit gains, while Bank of Baroda …

ICIICI Bank's Robust Q2: A Beacon of Stability in Retail and Rural Segment
1 month, 3 weeks 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, …

ICICI Bank's Q2 Performance Outperforms Rivals, but Challenges Remain
1 month, 3 weeks ago

ICICI Bank's Q2 Performance Outperforms Rivals, but Challenges Remain

Live Mint  

ICICI Bank's Q2 performance shows improvement over rivals, with a NIM of 4.27% compared to 4.53% a year ago. However, rival HDFC Bank's NIM was 3.65%, indicating a lower NIM compared to ICICI Bank. Despite the challenging interest rate environment, ICICI Bank's loan growth remained strong, with total advances growing by 15% year-on-year. The bank's asset quality is also stable, …

ICICI Bank Q2 Results: A Strong Performance with Record Profits
Trending News
1 month, 3 weeks ago

ICICI Bank Q2 Results: A Strong Performance with Record Profits

Hindustan Times  

ICICI Bank's Q2 results show a strong performance, with a net profit growth of 18.82% and interest income growth of 18.97%. The bank's income on investments also increased, reflecting its active investment strategy. The stock closed up 0.23% higher on the BSE, indicating a positive market reaction to the results.

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors
2 months ago

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors

Live Mint  

The news article focuses on several Indian stocks, highlighting positive financial performances and potential gains. While some companies like Bajaj Housing Finance, Cyient DLM, and Union Bank of India saw significant increases in their net profits, others like Mahindra Logistics and Aurum PropTech reported net losses. Ola Electric's IPO is expected to be a major highlight in the Indian stock …

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges
2 months ago

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges

Live Mint  

Axis Bank reports a strong Q2FY25 performance, with a 18% rise in standalone net profit to ₹6,917.57 crore. The bank's net interest income (NII) rose 10% YoY, while the net interest margin (NIM) shrunk by four per cent. Despite the decline in NIM, the bank's margin excluding the one-time tax gain remained broadly maintained. The bank's net loans grew by …

Mcap of 8 of top-10 most valued firms surges ₹1.21 lakh crore; Reliance biggest winner
2 months, 3 weeks ago

Mcap of 8 of top-10 most valued firms surges ₹1.21 lakh crore; Reliance biggest winner

The Hindu  

The combined market valuation of eight of the top-10 most valued firms surged ₹1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices. Bharti Airtel's market valuation soared ₹13,094.52 crore to ₹9,87,904.63 crore and that of ITC grew by ₹9,927.3 crore to ₹6,53,834.72 crore. HDFC Bank's valuation climbed ₹8,581.64 …

Major Drivers For Markets This Week: Global Trends, Trading Activity of Foreign Investors
3 months ago

Major Drivers For Markets This Week: Global Trends, Trading Activity of Foreign Investors

News 18  

Investors will keep a track on global trends and trading activity of foreign investors with no major domestic trigger in sight this week, analysts said and added that markets may face volatility amid the monthly derivatives expiry. The highlight of the week was the aggressive buying by Foreign Institutional Investors, who poured in over Rs 14,000 crore on Friday alone, …

ICICI Bank stock hits record high, market cap crosses ₹9 lakh crore for first time; What’s driving the rally?
3 months ago

ICICI Bank stock hits record high, market cap crosses ₹9 lakh crore for first time; What’s driving the rally?

Live Mint  

Private lender ICICI Bank, on Wednesday, became the fourth Indian company to surpass a market capitalization of ₹9 lakh crore for the first time, following a share price increase of over 30 percent in 2024. On September 18, the stock reached an all-time high of ₹1,295 on the BSE, marking a 2 percent increase from the previous close, with a …

Market capitalisation of 9 of top 10 valued firms surges by ₹95,522 crore; Reliance, TCS among top gainers
3 months, 4 weeks ago

Market capitalisation of 9 of top 10 valued firms surges by ₹95,522 crore; Reliance, TCS among top gainers

Live Mint  

The combined market valuation of nine of the top 10 most valuable companies rose by ₹95,522.81 crore last week, with Reliance Industries, TCS, and HUL leading the gains. Reliance Industries' market capitalisation increased by ₹29,634.27 crore to reach ₹20,29,710.68 crore. ITC's value increased by ₹3,965.14 crore to ₹6,32,364.24 crore, while State Bank of India added ₹2,498.89 crore to reach ₹7,27,578.99 …

Stocks in focus: Ruchit Jain of 5paisa recommends ICICI Bank, and Asian Paints today
4 months, 2 weeks ago

Stocks in focus: Ruchit Jain of 5paisa recommends ICICI Bank, and Asian Paints today

Live Mint  

Stock Market News: Following a sharp recovery in Asian counterparts, the domestic benchmark indices, the Sensex and Nifty 50, saw a strong comeback in early trade on Tuesday following a harsh beating in the previous day. {{^adFree}} {{/adFree}} According to Dr. V K Vijayakumar, Chief Investment Strategist of Geojit Financial Services, unforeseen events and news might cause a market crash …

Stocks to buy: ICICI Bank, SBI, HDFC Bank, Bharti Airtel among Axis Securities’ nine top largecap stock picks for August
4 months, 3 weeks 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 …

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore
4 months, 3 weeks ago

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore

The Hindu  

ICICI Bank Ltd. reported Q1 FY25 net profit grew 14.6% year-on-year to ₹11,059 crorebeating estimates led by treasury gains and other income. Net interest income of the private sector bank for June quarter rose 7.3% YoY to ₹19,553 crore, the bank said in a filing. “We are comfortable with the asset quality andour strategy is to grow in a risk …

ICICI Bank Q1 results: Net profit grows 14.62%, interest income up 17%, gross NPAs fall 9.75%, net interest margin falls
4 months, 3 weeks ago

ICICI Bank Q1 results: Net profit grows 14.62%, interest income up 17%, gross NPAs fall 9.75%, net interest margin falls

Hindustan Times  

ICICI Bank Ltd, India's second-largest private sector lender has announced its first quarter financial results for the financial year 2024-25 on Saturday, July 27. The bank recorded a standalone net profit of ₹11,059.11 crore, a gain of 14.62% or ₹1,410.91 compared to the same quarter of the previous year, which was at ₹9,648.20 crore. This was a fall of 9.75% …

Federal Bank logs record high net income at Rs 1,010 crore, to raise Rs 6,000 crore
5 months ago

Federal Bank logs record high net income at Rs 1,010 crore, to raise Rs 6,000 crore

New Indian Express  

MUMBAI: The Kochi-based old generation private sector lender Federal Bank has reported the highest-ever quarterly net income at Rs 1,010 crore for the June quarter, logging in an 18.25 percent annualised growth, boosted by all-round performance in terms of asset generation as well as maintaining asset quality. The lender, which is getting a new chief executive in Krishnan Venkat Subramanian …

Market Capitalisation of nine of top-10 most valued firms jumps ₹2.89 lakh crore; Reliance biggest winner
5 months, 3 weeks ago

Market Capitalisation of nine of top-10 most valued firms jumps ₹2.89 lakh crore; Reliance biggest winner

The Hindu  

Nine of the top-10 most valued firms together added ₹2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities. While Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Hindustan Unilever and ITC were the gainers, Life Insurance Corporation of India …

Market capitalization of three of top-10 most valued firms rises by ₹1.06 lakh crore; HDFC Bank and ICICI Bank lead
6 months ago

Market capitalization of three of top-10 most valued firms rises by ₹1.06 lakh crore; HDFC Bank and ICICI Bank lead

Live Mint  

Last week, during the holiday-shortened period, the combined market capitalization of three of the top-10 most valued firms surged by ₹1,06,125.98 crore. Among the top-10 firms, HDFC Bank, ICICI Bank, and Infosys saw gains, while Reliance Industries, Tata Consultancy Services, Bharti Airtel, State Bank of India, Life Insurance Corporation of India, Hindustan Unilever, and ITC collectively saw a decline in …

Marketcap of five of top-10 most valued firms surges to ₹85,582 crore; LIC leads the pack
6 months, 1 week ago

Marketcap of five of top-10 most valued firms surges to ₹85,582 crore; LIC leads the pack

Live Mint  

Last week, five of the top-10 most valued firms collectively gained ₹85,582.21 crore in market valuation, driven by a positive trend in equities, with Life Insurance Corporation of India leading the gains. Among the gainers were Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India, and LIC, while Tata Consultancy Services, ICICI Bank, Infosys, Hindustan Unilever, and ITC saw …

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore
6 months, 2 weeks 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 …

Why ICICI Bank shares rallied over 5% to hit a new lifetime high—explained with 5 key reasons
7 months, 3 weeks ago

Why ICICI Bank shares rallied over 5% to hit a new lifetime high—explained with 5 key reasons

Live Mint  

Despite a slow start to Monday's trading session, ICICI Bank shares gained momentum in the subsequent hours and continued their upward trajectory until the closing bell, setting multiple milestones. The shares of the nation's second largest bank by m-cap surged by 5.1% during intraday trade and touched a historic peak of ₹1,163 per share before finishing the trade with a …

ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹36,555.4 crore
7 months, 3 weeks ago

ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹36,555.4 crore

Hindustan Times  

New Delhi, Shares of ICICI Bank on Monday climbed nearly 5 per cent after the company's March quarter consolidated net profit grew 18.5 per cent to ₹11,672 crore, helped by lower provisions. ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹ 36,555.4 crore The stock advanced 4.67 per cent to settle at ₹1,158.80 on the …

ICICI Bank shares breach ₹8 lakh crore market cap, climb after Q4 earnings
7 months, 3 weeks ago

ICICI Bank shares breach ₹8 lakh crore market cap, climb after Q4 earnings

Hindustan Times  

Shares of ICICI Bank on Monday climbed over 2 per cent after the company's March quarter consolidated net profit grew 18.5 per cent to ₹11,672 crore, helped by lower provisions. ICICI Bank share price: For fiscal 2023-24, ICICI Bank standalone net profit grew to ₹ 40,888 crore from ₹ 31,896 crore a year ago. On a standalone basis, the second …

HDFC Bank vs ICICI Bank vs Axis Bank: Which stock to buy after Q4 results?
7 months, 3 weeks 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 …

Market valuation of 6 most valued firms in India rises by ₹1.30 lakh crore; top gainers are…
7 months, 3 weeks ago

Market valuation of 6 most valued firms in India rises by ₹1.30 lakh crore; top gainers are…

Hindustan Times  

The combined market valuation of six of the top 10 most valued firms in India increased by ₹1,30,734.57 crore last week, reported news agency PTI. The six of the top 10 Indian firms who gained, last week, in terms of market capitalization are State Bank of India, ICICI Bank, Bharti Airtel, ITC, Life Insurance Corporation of India and Infosys. Among …

ICICI Bank reports 17 percent rise in Q4 net profit to ₹10,708 crore
7 months, 3 weeks ago

ICICI Bank reports 17 percent rise in Q4 net profit to ₹10,708 crore

Hindustan Times  

ICICI Bank on Saturday reported its net profit at ₹10,707 crore in the fourth quarter ending on March 31, Reuters reported. The core net interest income of the private lender increased 8.1 percent to ₹19,093 crore on a 16.8 percent growth in loans and a marginal compression in net interest margin to 4.40 percent. ICICI Bank on Saturday reported its …

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

ICICI Securities falls over 5% as shareholders approve delisting proposal
8 months, 3 weeks ago

ICICI Securities falls over 5% as shareholders approve delisting proposal

Hindustan Times  

ICICI Securities share price declined over 4 per cent today as shareholders approved a proposal to delist ICICI Securities Ltd, following which it will become a wholly-owned subsidiary of ICICI Bank. ICICI Securities share price today Today, ICICI Securities share price opened at ₹720.80 against the previous close of ₹741.10. ICICI Securities delisting: All you need to know Institutional shareholders …

Top 10 firms saw market value erode by ₹1.97 lakh cr; TCS, Infosys bear brunt
8 months, 4 weeks ago

Top 10 firms saw market value erode by ₹1.97 lakh cr; TCS, Infosys bear brunt

Hindustan Times  

The combined market valuation of five of the top 10 most valued firms plunged by ₹1,97,958.56 crore last week. TCS witnessed the highest decline in market valuation among the top 10 firms During the same period, the Bombay Stock Exchange benchmark recorded a modest climb of 188.51 points or 0.25 per cent. TCS witnessed the highest decline in market valuation …

Indian Bank Q3 standalone net rises 52% to ₹2,119 cr.
10 months, 4 weeks ago

Indian Bank Q3 standalone net rises 52% to ₹2,119 cr.

The Hindu  

Indian Bank reported standalone net profit for the December quarter rose 52% from the year-earlier period to ₹2,119 crore due to growth in interest income. Net interest income increased 6% to ₹5,815 crore and fee based income by 21% to ₹852 crore. Gross advances of the bank increased by 13% ₹5,09,800 crore, while gross deposits rose 10% to ₹6,54,154 crore. …

Pvt banks see muted Q3, challenges ahead
11 months ago

Pvt banks see muted Q3, challenges ahead

Live Mint  

Mumbai: Higher provisions and lower margins marked the October-December quarter earnings of most private sector banks, as they reported muted numbers. Despite the margin contraction, ICICI Bank reported a 24% rise in net income to ₹10,270 crore at the end of December quarter, higher than market estimates. Kotak Mahindra Bank’s Casa ratio dipped to 47.7% at the end of the …

ICICI Bank Q3 profit surges over 25 per cent to Rs 11,053 crore on lower provisions
11 months ago

ICICI Bank Q3 profit surges over 25 per cent to Rs 11,053 crore on lower provisions

India TV News  

ICICI Bank reported a consolidated net profit surge of 25.7 per cent to Rs 11,052.60 crore for the December quarter, driven by reduced provisions. The standalone net profit for the same period grew by 23.6 per cent to Rs 10,272 crore, making it the second-largest private sector lender in the country. The bank's core net interest income increased by 13.4 …

ICICI Bank, Kotak Mahindra Bank, IndiGo, Voltas among 12 stocks to buy this week
1 year ago

ICICI Bank, Kotak Mahindra Bank, IndiGo, Voltas among 12 stocks to buy this week

Live Mint  

Nifty 50 clocked a strong gain of about 3.5 per cent last week, scaling its fresh peaks and crossing the 21,000 mark for the first time on factors, including strong GDP growth, RBI's upward revision in growth estimates and expectations of political stability and the continuation of policies after the Lok Sabha election 2024 post-BJP's impressive victory in Madhya Pradesh, …

Stock markets hit new peaks after RBI upgrades growth forecast | Here are DETAILS
1 year ago

Stock markets hit new peaks after RBI upgrades growth forecast | Here are DETAILS

India TV News  

Business news: Benchmark Sensex and Nifty rebounded to close at their new lifetime highs today after the Reserve Bank of India raised the growth forecast for the current fiscal and kept policy rates unchanged, triggering heavy buying in banking and other rate-sensitive stocks. The 30-share BSE Sensex rose 303.91 points, or 0.44 per cent, to hit its new peak of …

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

Market capitalisation of top 10 companies decreases: TCS, Infosys erode most
1 year, 1 month ago

Market capitalisation of top 10 companies decreases: TCS, Infosys erode most

Live Mint  

The combined market valuation of four leading firms in the top-10 list decreased by ₹23,417.15 crore last week, with Infosys and Tata Consultancy Services facing significant declines, PTI reported. While, fellow sector player TCS saw a decline of ₹6,604.59 crore in its market valuation, reaching ₹12,19,488.64 crore. Followed by fellow banking sector major ICICI Bank, which added ₹3,520.92 crore, reaching …

ICICI Bank Reports Strong Q2 Performance, Attracts Investors Amid Stock Market Turmoil
1 year, 1 month ago

ICICI Bank Reports Strong Q2 Performance, Attracts Investors Amid Stock Market Turmoil

News 18  

The worldwide decline in stock markets, largely attributed to the Israel-Hamas conflict, has created a unique scenario that presents investment opportunities. One specific stock that has experienced a notable downturn during these turbulent conditions is that of ICICI Bank, one of India’s prominent financial institutions. According to reports, HDFC Securities, a domestic brokerage house, has recommended buying shares of ICICI …

IndusInd Bank Q2 profit up 22% to ₹2,202 cr
1 year, 2 months ago

IndusInd Bank Q2 profit up 22% to ₹2,202 cr

Hindustan Times  

IndusInd Bank on Wednesday posted 22 per cent rise in consolidated net profit at ₹2,202 crore for September quarter 2023-24, aided by decline in bad loans and a rise in interest income. Total income increased to ₹13,530 crore during the quarter under review, as against ₹10,719 crore in the same period last year, IndusInd Bank said in a regulatory filing. …

Bandhan Bank Q2 net profit up 245% YoY to ₹721 crore
1 year, 2 months ago

Bandhan Bank Q2 net profit up 245% YoY to ₹721 crore

Live Mint  

Bandhan Bank for the quarter ending September'2023 saw its net profit rise 245% YoY to ₹721 crore compared to ₹209 Crore in the year ago quarter. Bandhan Bank's Net Interest Income improved to ₹2,443 crore in Q2 FY24 from ₹2,193 crore in Q2 FY23. Bandhan Bank Net NPA stood at around ₹2360 Crore at the end of Q2FY24 compared to …

Stocks to buy: ICICI Bank, IndusInd Bank among top picks in financial sector
1 year, 2 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 …

Stock in focus: ICICI Bank buys 10% stake in Quantum CorpHealth
1 year, 3 months ago

Stock in focus: ICICI Bank buys 10% stake in Quantum CorpHealth

Live Mint  

ICICI Bank share price is likely to be in focus on Friday as a day ago on September 21 it informed exchanges that it had entered into an agreement for the investment of about ₹5 crore in Quantum CorpHealth. The time period for the completion of the acquisition is by the end of October 2023 with a cash consideration of …

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 …

Cleaning up of NPA mess will propel the economy
1 year, 4 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 …

ICICI Bank shares hit 52-week high post-Q1 results; experts say it remains a buy
1 year, 4 months ago

ICICI Bank shares hit 52-week high post-Q1 results; experts say it remains a buy

Live Mint  

ICICI Bank share price climbed over a per cent to hit its fresh 52-week high of ₹1,008 in morning trade on BSE on Monday as most brokerage firms retained their positive views on the stock after its June quarter results. On Saturday, ICICI Bank reported a 39.7 per cent year-on-year rise in its standalone net profit for Q1FY24 at ₹9,648 …

ICICI Bank expects moderation in margins as deposits reprice
1 year, 5 months ago

ICICI Bank expects moderation in margins as deposits reprice

Live Mint  

Mumbai: Private sector lender ICICI Bank expects to see some moderation in its net interest margin, reflecting the delayed effect of increase in deposit rates. As we have been guiding in the previous calls, the overall decline in NIMs was very much in line with our expectations,” Sandeep Batra, executive director, ICICI Bank told reporters on Saturday post its earnings. …

ICICI Bank Q1: Net profit rises 40% to ₹9,648 crore on improved asset quality
1 year, 5 months ago

ICICI Bank Q1: Net profit rises 40% to ₹9,648 crore on improved asset quality

Live Mint  

ICICI Bank Q1 Results: ICICI Bank announced its April-June quarter results for fiscal 2023-24 on July 22, reporting a rise of 39.7 per cent in net profit at ₹9,648 crore on a standalone basis, compared to ₹6,905 crore in the corresponding period last year. Asset Quality The bank's asset quality improved as the gross non-performing assets during the June quarter …

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