Private Banks News

Companies

Four years since Yes Bank’s rescue, RBI greenlights an exit plan for its saviours

RBI’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 2024
Markets

ICICI Bank: Motilal Oswal reiterates ’buy’ on the private lender, sees over 15% upside – 6 key reasons why

ICICI Bank achieved 16% growth in core fees in FY24 driven by retail, SME, and business banking. The bank aims for 15% YoY opex growth leveraging technology. Motilal Oswal reiterates ’BUY’ call with a target price of ₹1,350, indicating over 15% potential upside.

4 min read25 Jun 2024
Markets

DCB Bank: MOSL upgraded this private bank to ‘buy’, sees over 23% upside – 5 key reasons why

DCB Bank’s asset quality outlook is healthy with a focus on secured, diversified loans. MOSL projects an improvement in GNPA/NNPA ratios to 2.6%/0.8% by FY26, expecting sustained credit costs of 0.5% for FY26E.

5 min read21 Jun 2024
Markets

Private banks offer superior valuation comfort over PSU peers, says Systematix; lists top picks

Systematix Institutional Equities favors private sector banks over public sector banks, citing superior valuation comfort. Despite near-term operating profit growth expectations for PSU banks, private banks are seen delivering superior risk-adjusted returns in the medium to longer term.

2 min read19 Jun 2024
Industry

Private lenders take lead in employee strength ahead of PSU peers

PSU banks have been losing employees over the last several years and headcount has shrunk by over 60,000 in the past five years.

3 min read15 Jun 2024
Markets

General Elections 2024: Private banks or public sector lenders - who will benefit more from Modi’s likely win?

Amid recent market movements, public sector bank stocks have surged while private sector banks witnessed some consolidation.

4 min read25 May 2024
Markets

ICICI Bank vs Axis Bank: Which private sector lender should investors choose for long term?

Financial experts favor ICICI Bank over Axis Bank for long-term investment. Here’s why.

6 min read21 May 2024
Markets

Private banks now structurally ex-growth, to see continued derating, says Emkay Global; halves weight in model portfolio

Private banks experience structural ex-growth, face challenges in improving ROAs. Emkay Global slashes weightage on financials to 15% from 30%, with deep cuts in index heavyweights like HDFC Bank, ICICI Bank and SBI, while it has added Axis Bank.

3 min read16 May 2024
Markets

Private banks poised for long-term victory over PSBs amid raging retail deposit war: Report

After a prolonged slowdown, overall deposit growth is finally seen picking up to some extent, aided by bulk & retail deposits, albeit at a higher cost. However, Emkay believes the retailisation of loans is set to accelerate further, given rising consumerism/elusive corporate credit growth.

4 min read21 Mar 2024
Markets

Private banks poised for long-term victory over PSBs amid raging retail deposit war: Report

After a prolonged slowdown, overall deposit growth is finally seen picking up to some extent, aided by bulk & retail deposits, albeit at a higher cost. However, Emkay believes the retailisation of loans is set to accelerate further, given rising consumerism/elusive corporate credit growth.

4 min read21 Mar 2024
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Budget

The 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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HDFC Bank shares fell by -0.34% at closing today.

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