As public-sector bank stocks gain traction, private-sector banks have retreated amid recent consolidation efforts. Brokerages list 3 private sector banks you can buy with up to 47 percent potential upside.
5 min read15 Mar 2024RBI imposed an embargo on IIFL Finance’s gold loan business and then on JM Financial Products’ loan against shares & IPO financing business, citing persistent regulatory non-compliance and governance issues.
3 min read6 Mar 2024Going from a midsize lender to a larger one comes with regulatory and other challenges.
4 min read5 Mar 2024The banks delivered 13% year-on-year (YoY) earnings growth during the quarter ended December, led by 11% YoY Net Interest Income (NII) growth and around 45% YoY decline in provisions.
2 min read20 Feb 2024Anand Rathi believes that large-cap private banks have a better risk-reward than others in BFSI, as the government loosens its purse strings, improving the banking liquidity coupled with the robust underlying credit demand.
5 min read13 Feb 2024The Nifty 50 witnessed a morning trade dip of 286 points, pushing the index to trade below the 21,300 level for the first time in CY24. The S&P BSE Sensex plummeted by another 834 points in today's early morning trade, falling below 71,000 level, reaching 70,665 points.
2 min read18 Jan 2024Leading this downward trend was HDFC Bank, the country's largest private sector bank, with its shares plummeting by 8.44% to ₹1,537.50 apiece in today's trade. This marks the most significant intraday drop since 2020.
3 min read17 Jan 2024Banking and financial stocks bled out on Wednesday with both the Nifty Bank index and the Nifty Financial Services index down over 2.5 percent each post HDFC Bank December quarter results, announced yesterday.
2 min read17 Jan 2024The brokerage has increased its weight and remains ‘overweight’ on Banks, Cap Goods and Healthcare, and diversified financials (led by HDFC AMC). It is ‘equal weight’ on IT and ‘underweight’ on Auto, Metals, Cement, Consumer and Oil & Gas.
4 min read15 Jan 2024After the Reserve Bank of India announced that the asset quality of banks has shown significant improvement in the first half of FY24, market expert Porinju Veliyath took to X (formerly Twitter) to praise the central bank on achieving this extraordinary feat.
2 min read29 Dec 2023The 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
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