The 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 2025The headcount at India’s public sector banks (PSBs) has dropped to its lowest in 13 years, with mergers slowing branch expansion and many employees leaving for better opportunities. According to Reserve Bank of India (RBI) data, PSBs employed 756,015 people at the end of FY24, a number nearly unchanged since FY11. However, this is significantly down from its peak of 857,500 in FY17. Over the last seven years, PSBs have lost more than 100,000 employees, even as private sector banks have doubled their workforce to 845,841 in the same period. Yet, they’re grappling with a high attrition rate, averaging 25%. Watch!
30 Dec 2024Experts from leading brokerages weigh in on the strengths and prospects of HDFC Bank and ICICI Bank to help investors make an informed choice between the two for long term.
6 min read13 Dec 2024ICICI Bank reported strong Q2FY25 results with a core RoA of 3.1%, outperforming peers amid sector pressures. Its focus on quality assets led to a resilient balance sheet. Analysts raised target prices, with a ’buy’ rating maintained, highlighting ICICI’s effective cost controls and growth.
3 min read28 Oct 2024Yes Bank’s shares dropped following its Q2 update, showing strong YoY growth in deposits and advances but a decline in liquidity coverage ratio. Despite steady performance, concerns over liquidity and credit-deposit ratio affected investor sentiment.
2 min read3 Oct 2024Jefferies maintains a ‘buy’ rating on Axis Bank with a target price of ₹1,500, indicating over 26 percent upside. The bank’s conservative provisioning policy on unsecured loans and effective cost management are expected to stabilise credit costs and strengthen its deposit franchise.
4 min read11 Sep 2024Despite recent volatility, market experts are keenly assessing whether its bullish trend will continue. Below, we explore technical and fundamental analysis from leading experts to provide a comprehensive outlook on Yes Bank’s stock performance.
6 min read8 Aug 2024Sebi banned regulated entities from associating with financial influencers not registered with the market regulator. Financial influencers, or finfluencers, are individuals who influence investment decisions by creating content on social media platforms like YouTube, X or Instagram.
3 min read26 Jul 2024IndusInd Bank has shown steady improvement in asset quality, achieving lower gross and net slippages in FY24 compared to previous years, positioning itself as a resilient player in the private banking sector.
4 min read18 Jul 2024RBI’s approval for up to a 51% stake sale in Yes Bank opens an exit for SBI, LIC and others owning stakes in the private lender that survived a near-death experience four years ago.The stake sale may value Yes Bank at around $10 billion, making for the largest acquisition in India’s banking sector.
5 min read9 Jul 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