Housing finance companies take a beating after RBI’s repo diktat
5 years, 6 months ago

Housing finance companies take a beating after RBI’s repo diktat

Deccan Chronicle  

Mumbai: Shares of housing finance companies fell sharply after Reserve Bank of India directed all categories of lenders to link their loan interest rates to an external benchmark from next month coinciding with the festive season. so to expect banks to borrow fixed and lend floating rate, especially at rates linked to an external benchmark, may not be practical,” Suresh Ganapathy of Macquarie Capital Securities said in a note. Banks having home finance portfolio also declined with ICICI Bank losing 2.16 per cent and State Bank of India, 0.65 per cent. “This would primarily impact the housing loans segment which has variable interest rate, as vehicle or any other asset financing generally has a fixed interest rate,” Care Ratings said.

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History of this topic

NBFC sector strengthens with RBIs positive stance and rate cut support for growth: Jefferies
1 week, 6 days ago

NBFC sector strengthens with RBIs positive stance and rate cut support for growth: Jefferies

Live Mint  

New Delhi, March 15 : The fundamentals of Non-Banking Financial Companies are showing signs of improvement as macroeconomic challenges ease and the Reserve Bank of India adopts a more supportive stance, according to Jefferies. Additionally, a recent 25-basis-point interest rate cut, along with potential future cuts, is expected to support net interest margins across the sector. NBFC exposure to MFI …

NBFCs gain fresh momentum as RBI eases bank lending norms
Trending News
1 month ago

NBFCs gain fresh momentum as RBI eases bank lending norms

Live Mint  

The business environment is set to turn favourable for non-banking financial companies, thanks to two recent developments. A lower interest rate cycle benefits NBFCs relative to banks, as it erodes banks’ cost advantage from low-cost current and savings account deposits, allowing NBFCs to compete more effectively. Read this | Lower capital requirements for bank loans to NBFCs to ease funding …

Bajaj Finance, Shriram Finance, Cholamandalam & other NBFC stocks jump up to 6% after RBI eases risk weight norms
Top News
1 month ago

Bajaj Finance, Shriram Finance, Cholamandalam & other NBFC stocks jump up to 6% after RBI eases risk weight norms

Live Mint  

Bajaj Finance, Shriram Finance, Cholamandalam Investment and other NBFC stocks jumped up to 6% in early trade on Thursday after the Reserve Bank of India lowered risk weights for bank finance to NBFCs and microfinance loans, a move that is likely to unlock more funds and boost credit. Both NBFCs and microfinance institutions have witnessed a slow down in their …

RBI eases lending rules for small borrowers and NBFCs. Here's what it means
1 month ago

RBI eases lending rules for small borrowers and NBFCs. Here's what it means

India Today  

The Reserve Bank of India has eased the stricter loan rules for small borrowers and non-bank lenders at a time when the economy is showing signs of slowing down. The RBI has also put on hold its earlier proposals to increase the capital that banks must set aside for new project loans and the liquidity they need to maintain for …

RBI reduces risk weights on bank loans to NBFCs, MFIs
Trending News
1 month ago

RBI reduces risk weights on bank loans to NBFCs, MFIs

Live Mint  

Amid cries of deficit liquidity in the banking system and funding crunch for several small lenders, the Reserve Bank of India on Tuesday reduced the risk weights on bank loans to non-banking finance companies and microfinance loans. The RBI’s decision to roll back its November 2023 hike in risk weights for NBFC loans has been driven by the significant slowdown …

Bank of Maharashtra slashes retail loan interest rate by 25 bps: Home and car loans to get cheaper
1 month ago

Bank of Maharashtra slashes retail loan interest rate by 25 bps: Home and car loans to get cheaper

Hindustan Times  

State-owned Bank of Maharashtra has cut interest rate by 25 basis points on retail loans, including home and car loans in line with reduction in repo rate by RBI. Similarly, education and other loans linked with Repo Linked Lending Rate has also been reduced by 25 basis points. After a gap of 5 years, RBI reduced the repo rate, the …

Top Gainers and Losers today on 20 February, 2025: Shriram Finance, NTPC, HDFC Bank, Maruti Suzuki India among most active stocks; Check full list here
1 month, 1 week ago

Top Gainers and Losers today on 20 February, 2025: Shriram Finance, NTPC, HDFC Bank, Maruti Suzuki India among most active stocks; Check full list here

Live Mint  

Top Gainers and Losers Today : The **Top Gainers and Losers** Today: The Nifty index closed at 22,932.9, reflecting a decrease of 0.09%. In terms of returns, the Nifty 50 has displayed the following performance metrics: - Over the last week: 2.3% - Over the last month: 0.34% - Over the last three months: -2.14% - Over the last six …

Manappuram Finance: Long-term potential holds despite disappointing Q3
Trending News
1 month, 1 week ago

Manappuram Finance: Long-term potential holds despite disappointing Q3

Live Mint  

Manappuram Finance started as a small-time pawnbroker in 1949. Today, it’s India’s second-largest non-banking financial company in the gold loan segment, with over 5,000 branches and 57 tonnes of pledged gold. In fact, while gold price had appreciated by 1.4% in Q3FY25, Manappuram’s stock corrected by as much as 13% on Friday eafter its Q3 earnings disappointed markets. Gold loans …

Home, Car Loans Get Cheaper as Banks Cut Lending Rates
1 month, 2 weeks ago

Home, Car Loans Get Cheaper as Banks Cut Lending Rates

Deccan Chronicle  

Mumbai: The Equated monthly instalments on your home, car, education and personal loan is set to reduce as several banks have announced their decision to cut lending rates for retail borrowers after the Reserve Bank of India cut the repo rate after a gap of nearly five years. Repo rate, the rate at which the central bank lends short term …

RBI cuts repo rate after 5 years. Experts turn bullish on these stocks, sectors & assets
1 month, 3 weeks ago

RBI cuts repo rate after 5 years. Experts turn bullish on these stocks, sectors & assets

Live Mint  

RBI Monetary Policy: In line with market expectations, the Reserve Bank of India’s Monetary Policy Committee cut the repo rate by 25 basis points to 6.25 per cent, marking the first rate reduction in nearly five years. The central bank last reduced the repo rate in May 2020, when it cut rates by 40 basis points to 4 per cent …

IDFC first, Axis, ICICI, HDFC other bank and financial services stocks rise on RBI liquidity Boost
2 months ago

IDFC first, Axis, ICICI, HDFC other bank and financial services stocks rise on RBI liquidity Boost

Live Mint  

Stock Market today- IDFC first Bank, Axis Bank, ICICI Bank, other banks and financial services stocks gained in the morning trades on Tuesday. The Nifty Bank Index gained more than 1% led by AU Bank, IDFC First Bank, HDFC Bank, Axis Bank, ICICI Bank and others which saw their share prices rise up to 3% HDFC Bank, Axis Bank, ICICI …

RBI takes control of Aviom India Housing’s board on governance concerns
2 months ago

RBI takes control of Aviom India Housing’s board on governance concerns

Live Mint  

The Reserve Bank of India on Monday superseded the board of affordable housing financier Aviom India Housing Finance Pvt. The statement from 22 November said that Aviom India Housing Finance was made aware of fraud within the company and had filed a complaint with the Economic Offences Wing. RBI also said it intends to shortly initiate the process of resolution …

Technical Picks: Nagaraj Shetti of HDFC Securities suggests selling these 2 stocks amid stock market crash today
2 months ago

Technical Picks: Nagaraj Shetti of HDFC Securities suggests selling these 2 stocks amid stock market crash today

Live Mint  

Stock market today: The Indian stock market experienced a steep decline during intraday trading on Monday, January 27, with the benchmark Sensex dropping about 900 points and the Nifty 50 nearing the 22,800 mark amid widespread selloffs across various sectors. This raises significant questions in economic and market circles regarding whether Trump will follow through on his threats to impose …

ICICI Bank: retail, rural portfolio stress spikes
2 months ago

ICICI Bank: retail, rural portfolio stress spikes

Live Mint  

If loan defaults are growing faster than loan growth for any bank, it is a sign of worry. Notwithstanding the stress in the bank's retail and rural loan portfolio and the likely macro headwind of lower rates, ICICI’s overall performance remains strong. The bank’s annualized return on assets at 2.36% for Q3FY25 is the highest among the top four private …

HDFC Bank Q3 results: Net profit rises 2% YoY to ₹16,735.5 crore; Net interest income jumps 8%
2 months ago

HDFC Bank Q3 results: Net profit rises 2% YoY to ₹16,735.5 crore; Net interest income jumps 8%

Live Mint  

HDFC Bank Q3 results: The largest private bank in India, HDFC Bank Limited, announced its October to December quarter results on Wednesday, January 22. The institutional lender announced a 2.2 per cent rise in net profit to ₹16,735.5 crore in the third quarter of the financial year 2024-25, compared to ₹16,372 crore in the previous year. Net interest income — …

LIC Housing Finance Q3 Update: India’s largest HFC to declare Oct-Dec quarter results on THIS date
2 months, 1 week ago

LIC Housing Finance Q3 Update: India’s largest HFC to declare Oct-Dec quarter results on THIS date

Live Mint  

LIC Housing Finance Q3 Update: LIC Housing Finance announced on Monday, January 20, that it will conduct its board meeting with the directors on Friday, January 31, 2025, at 2:30 pm to consider and declare its upcoming October-December quarter results for the current fiscal 2024-25. “We hereby give you notice of the meeting of the Board of Directors of the …

Kotak Bank: Lower cost of funds prevents margin slide
2 months, 1 week ago

Kotak Bank: Lower cost of funds prevents margin slide

Live Mint  

Kotak Mahindra Bank Ltd’s standalone cost of funds has fallen quarter-on-quarter to 5.06% in the December quarter from 5.15% as it benefited from cutting the savings account deposit rate by 50 basis points to 3% for balances under ₹5 lakh in October. Some part of reduction in yield on advances was due to the loan book tilting towards higher secured …

Lenders’ reliance on short-term funds could lead to higher rates: M. Rajeshwar Rao
2 months, 1 week ago

Lenders’ reliance on short-term funds could lead to higher rates: M. Rajeshwar Rao

Live Mint  

Indian lenders’ increasing reliance on short-term funding could have repercussions if market conditions deteriorate, hurting profitability and increasing loan rates for customers, according to Reserve Bank of India deputy governor M. Rajeshwar Rao. “Less reliance on retail deposits coupled with a greater share of funding from institutional sources will likely result in increased funding costs, which can, in turn, negatively …

Analysts love these four stocks in this struggling sector
2 months, 1 week ago

Analysts love these four stocks in this struggling sector

Live Mint  

Stepping into 2025, the banking sector is recalibrating its approach to balance growth with stability. These include major players such as ICICI Bank, HDFC Bank, State Bank of India, and Axis Bank, which continue to inspire confidence and remain analysts’ favourites. HDFC Bank: Strength in asset quality Despite a modest return of 0.1% over the past year, HDFC Bank maintains …

Mcap of five of most-valued firms tumbles ₹1.85 lakh crore; HDFC Bank hit hard
2 months, 2 weeks ago

Mcap of five of most-valued firms tumbles ₹1.85 lakh crore; HDFC Bank hit hard

Hindustan Times  

The combined market valuation of five of the top-10 most-valued firms tumbled ₹1,85,952.31 crore last week, with HDFC Bank taking the biggest hit, in-line with a weak trend in domestic equities. Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and ITC faced erosion from their market valuations Last week, the BSE benchmark slumped 1,844.2 points or 2.32 per …

MFI portfolio declines, bad assets spike in Sept qtr: Report
2 months, 2 weeks ago

MFI portfolio declines, bad assets spike in Sept qtr: Report

Live Mint  

Mumbai, Jan 8 Microlending outstandings in the system reduced 4.3 per cent to ₹4.14 lakh crore in the September quarter as lenders adopted a cautious stance amid deteriorating asset quality, a report said on Wednesday. Loans unpaid for 1-30 days increased to 2.1 per cent from the 1.2 per cent in June, while the ones unpaid for 31-180 days witnessed …

NBFC loan growth to decline in FY26 to 18.5% YoY: Ind-Ra
Trending News
2 months, 3 weeks ago

NBFC loan growth to decline in FY26 to 18.5% YoY: Ind-Ra

The Hindu  

India Ratings and Research which has maintained a neutral sector outlook and a Stable rating Outlook for non-bank finance companies for FY26 has projected that the loan growth of NBFCs would further decline in FY26 to 18.5% YoY. According to the rating agency the NBFCs after witnessing a phase of high reliance on the unsecured loan segment for achieving loan …

HDFC Bank cuts lending rate by 5 bps, check the latest rates
Trending News
2 months, 3 weeks 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 months, 3 weeks 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
2 months, 3 weeks 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 …

Indian banks’ balance sheets stay robust, bad loans decline more, central bank report says
3 months ago

Indian banks’ balance sheets stay robust, bad loans decline more, central bank report says

Live Mint  

By Siddhi Nayak MUMBAI, Dec 26 - Indian banks' financial position has stayed robust, marked by the sustained expansion in loans and deposits, while their gross bad loan ratio has dropped to multi-year lows, a central bank report showed on Thursday. Net bad loans of banks fell to 0.57% of total loans at September-end, from 0.62% at end-March, driven by …

HDFC Bank vs ICICI Bank: Which private sector lender to choose in long term?
3 months, 2 weeks 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 …

Shriram Finance exits housing finance biz, sells 85% stake to Warbug Pincus for ₹3,929 crore
3 months, 2 weeks ago

Shriram Finance exits housing finance biz, sells 85% stake to Warbug Pincus for ₹3,929 crore

Live Mint  

Shriram Finance Ltd. completed the sale of its housing finance subsidiary to Warburg Pincus affiliate on Wednesday, December 11, for ₹3,929 crore. According to the company's statement, Shriram Housing Finance Limited has contributed significantly to the promoter group's financial inclusion by focusing on the housing needs of the underserved segments. "The sale of Shriram Finance's stake in Shriram Housing Finance …

Experts ask RBI to cut interest rate to revive real estate market, ease home loan burden
3 months, 3 weeks ago

Experts ask RBI to cut interest rate to revive real estate market, ease home loan burden

Live Mint  

With the Reserve Bank of India keeping its key interest rate unchanged, real estate experts and developers have stressed the need to lower the rate, citing the need to stimulate sluggish sales and ease the growing burden of borrowing costs. “At this point, a rate cut would be more beneficial for consumers," said Shishir Baijal, chairman and managing director of …

RBI MPC Dec 2024: Panel Keeps Key Rates Unchanged, Borrowers To Benefit From Stability In Home Loans, EMIs
3 months, 3 weeks ago

RBI MPC Dec 2024: Panel Keeps Key Rates Unchanged, Borrowers To Benefit From Stability In Home Loans, EMIs

ABP News  

RBI MPC Dec 2024: The Reserve Bank of India ’s Monetary Policy Committee met this week and decided to keep the key rates unchanged. Impact On Home Loans, EMIs, And Real Estate This stability in the key rates would also translate into relief and steadiness for the homeowners. This continuity provides a stable environment for the real estate sector, enabling …

Stable interest rates to bring predictability for homebuyers and developers: Real Estate Industry
3 months, 3 weeks ago

Stable interest rates to bring predictability for homebuyers and developers: Real Estate Industry

New Indian Express  

NEW DELHI: The real estate industry players and other stakeholders have largely welcomed the Reserve Bank of India's decision to maintain the repo rate at 6.5 per cent, adding that the stability in the policy rate will promote market confidence by giving developers and homeowners. On Friday, RBIs MPC decided to keep the repo rate unchanged at 6.5 per cent …

Sensex, Nifty end flat as RBI maintains status quo on interest rates
3 months, 3 weeks ago

Sensex, Nifty end flat as RBI maintains status quo on interest rates

India Today  

Benchmark stock market indices ended the week flat despite gains in auto and FMCG sector stocks after the Reserve Bank of India's Monetary Policy Committee decided to maintain the status quo on key interest rates for the 11th consecutive time. Vinod Nair, Head of Research, Geojit Financial Services said that though benchmark indices concluded on a flattish trend, Indian broader …

Banking stocks shine ahead of RBI MPC meeting outcome; HDFC Bank, ICICI Bank, SBI among 8 top picks of experts
3 months, 3 weeks 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 …

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

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks
4 months, 1 week ago

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks

The Quint  

Given that India’s economic growth relies heavily on domestic consumption, any slowdown in lending could ripple through the broader economy, impacting sectors dependent on consumer spending. Moreover, as banks shift their focus from retail to secured loans to mitigate risks, small and medium enterprises could face reduced access to capital, hindering job creation and slowing down economic expansion. In October, …

RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks
4 months, 2 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
5 months 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, …

Private Banks Brace for Credit Card and Loan Stress in Q2
5 months, 1 week ago

Private Banks Brace for Credit Card and Loan Stress in Q2

Live Mint  

Private banks continue to see stress in small-ticket advances, with all lenders barring HDFC Bank reporting a spike in bad loans. Axis Bank's gross slippages jumped 36% year-on-year to ₹4,443 crore, led by unsecured loans. Kotak Mahindra Bank's slippages were up 42% year-on-year, with a significant rise in bad loans in the credit card and microfinance portfolios.

Home Loan Interest Rates Comparison: SBI, PNB, ICICI Bank & HDFC Bank, Check Details Here
7 months, 2 weeks ago

Home Loan Interest Rates Comparison: SBI, PNB, ICICI Bank & HDFC Bank, Check Details Here

News 18  

Home Loan Interest Rate Comparison 2024: Navigating the home loan market can be challenging, especially with interest rates that can fluctuate and significantly affect your long-term financial plans. Home Loan Interest Rate Comparison Below is the list of floating interest rates of various banks; SBI Home Loan Interest Rates The State Bank of India offers multiple options for home loans. …

RBI August 2024 MPC: Home Loan EMIs Steady As Apex Bank Holds Repo Rate
7 months, 2 weeks ago

RBI August 2024 MPC: Home Loan EMIs Steady As Apex Bank Holds Repo Rate

ABP News  

RBI August 2024 MPC: The Reserve Bank of India has maintained the repo rate at 6.5 per cent, marking the ninth consecutive time it has kept the rate unchanged, according to the Monetary Policy Committee review on August 8. With the repo rate unchanged, borrowers with EBLR loans, including home loans, personal loans, and business loans, will experience stability in …

Bank lending to NBFCs jump 26% to Rs 15.6 trillion
8 months, 2 weeks ago

Bank lending to NBFCs jump 26% to Rs 15.6 trillion

New Indian Express  

MUMBAI: Despite the Reserve Bank of India massively hiking the risk capital weighting on banks’ exposure to non-banks last November, the same has been rising unabated clipping at 26 per cent in May 2024, to go past Rs 15.6 trillion. In May 2024, mutual funds debt exposure to NBFCs rose to 13.3 per cent of banks advances to NBFCs, which …

Bears flock to HDFC Bank counter as loan, deposit growth slows
8 months, 2 weeks 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 …

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why
9 months, 2 weeks ago

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why

Business Standard  

Shares of housing finance companies mainly mid and small-sized were in focus and rallied up to 11 per cent in Tuesday’s intra-day trade after the Union Cabinet approved a government aid for constructing 30 million houses under the Pradhan Mantri Awas Yojana. Home First Finance Company, Aavas Financiers, GIC Housing Finance and Housing & Urban Development Corporation rallied over 7 …

TCS, Infosys, SBI, ITC, HUL, ICICI Bank biggest losers, suffer ₹1.4 lakh crore loss in market capitalisation
11 months, 1 week 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. …

Stocks to buy: Tata Steel, Bharti Airtel hit 52-week high. List of major gainers and losers
1 year ago

Stocks to buy: Tata Steel, Bharti Airtel hit 52-week high. List of major gainers and losers

Hindustan Times  

Indian stock indices extended their gains from the previous session and touched fresh highs. In the previous session, the stock market witnessed a surge with Nifty closing 118 points higher and Sensex closing 409 points higher while healthcare and private bank sectors saw a 1 per cent rise. Hitting 52 week high Shares of Tata Steel, Bharti Airtel, Sun Pharmaceutical …

Pvt banks see muted Q3, challenges ahead
1 year, 2 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 …

HDFC Bank shares fall 7% day after Q3 results; steep decline in stock market
1 year, 2 months 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 …

Analysts Welcome RBI’s Decision To Keep Rates Unchanged, Give Healthy Outlook For Markets
1 year, 3 months ago

Analysts Welcome RBI’s Decision To Keep Rates Unchanged, Give Healthy Outlook For Markets

ABP News  

The RBI’s Monetary Policy Committee on Friday announced after its bi-monthly review meeting that it has decided to keep the repo rates unchanged at 6.5 per cent. Overall, at the margin, policy seems to be positive for markets.” RBI Decision Helpful For Housing Market Another analyst, Anuj Puri, Chairman, Anarock Group, noted that the regulator opted to keep the rates …

PNB Housing share price falls 1% post Q2 results; here’s what experts say
1 year, 5 months ago

PNB Housing share price falls 1% post Q2 results; here’s what experts say

Live Mint  

PNB Housing Finance share price today: PNB Housing Finance share price fell 0.91 per cent to close at ₹711.75 on BSE on Wednesday, October 25, following the company's September quarter result. PNB Housing Finance share price hit its 52-week high of ₹784.40 on October 19 this year and its 52-week low of ₹340.68 on November 21 last year. PNB Housing …

PNB Housing Finance Q2 Results: Net profit rises 45% to ₹383 cr, revenue up 5%
1 year, 5 months ago

PNB Housing Finance Q2 Results: Net profit rises 45% to ₹383 cr, revenue up 5%

Live Mint  

PNB Housing Finance Q2 Results: Punjab National Bank Housing Finance announced its July-September quarter results for fiscal 2023-24 on Monday, October 24, reporting a rise of 45.9 per cent in net profit at ₹383 crore, compared to ₹262.6 crore in the corresponding period last year. The revenue from operations in the second quarter of current fiscal stood at ₹1,777.8 crore, …

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