Rate-sensitive sectors reacted mixed after RBI’s 25 basis points repo rate cut to 6.25%. The BSE Sensex fell 328 points, while Nifty Auto and Realty gained. Housing sector benefits from reduced rates, boosting homebuyer sentiment, especially for affordable housing.
3 min read7 Feb 2025Punjab National Bank reported a standalone net profit of ₹4,508.21 crore for Q3FY25, up 103% year-on-year. Total income rose 16% to ₹34,751.7 crore. Asset quality improved with Gross NPA falling to ₹45,413.98 crore. Stock increased over 5% post-results.
1 min read31 Jan 2025IDFC First Bank shares fell 5.4% after Q3FY25 results showed a 53% drop in net profit to ₹339.4 crore, missing expectations. Increased operating expenses and provisions, alongside high credit costs, impacted profitability.
3 min read27 Jan 2025IndusInd Bank shares have rebounded 6% from a one-year low of ₹928 after a 37.2% decline due to poor performance in Q2FY25. Analysts remain cautious about future gains, noting struggles with deposits and lending growth.
2 min read8 Jan 2025RBL Bank shares rose 2.46% to ₹166.80 as investors reacted positively to the December quarter results, marking three consecutive days of gains. Deposits increased by 15% YoY, while retail advances grew 20% YoY. The bank aims to enhance granular retail deposits in its portfolio.
1 min read6 Jan 2025Indian PSU banking stocks fell sharply on January 6 after disappointing December quarter updates, with all 12 Nifty PSU Bank index stocks in the red. Union Bank led the losses, dropping 8%, while the index itself saw a 4.30% decline, marking a 7-week low.
2 min read6 Jan 2025The Nifty PSU Bank index concluded the year with a gain of 14.48%. Among the top performers, State Bank of India (SBI) led with a gain of 23%, followed by Indian Bank with a return of 24%
3 min read3 Jan 2025Bank of Maharashtra shares rose over 6% after reporting strong Q3 FY25 results, with total business up 16.9% Y-o-Y. Key metrics include a 21.19% increase in gross advances and improved credit-deposit ratio, signaling robust operational health and positive investor sentiment.
2 min read3 Jan 2025Yes Bank’s turnaround story has kept shareholders and traders interested and waiting for four years. The stock is showing mixed performance between momentum and valuation which has kept analysts cautious.
7 min read18 Dec 2024These two small-cap PSU banks gear up for a rally as technical indicators signal bullish trends.
4 min read11 Dec 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared