Analysts at MOFSL believe the Mumbai-based bank's credit cost may stay elevated led by higher slippages. Besides, asset quality could witness some pressure along with modest loan growth.
According to a Business Standard report, the government will give out new official economic growth and budgetary projections in July or later
Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.
All analysts are optimistic on the stock, which hasn't seen any downgrade so far
Axis Bank pocketed the highest fee, at nearly $19 million
Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date
SBI informed customers that in some cases, deferring 3 EMIs on a home loan may force the borrower to pay 8 more EMIs
RBI doesn't have a choice but to provide some relaxation on the asset classification norms, says Aditya Puri
SME slippages so far in FY20 are just little shy of FY19's Rs 11,200 crore, and may increase due to lock-outs imposed
In the last one month, the Nifty Bank has tumbled 24.7 per cent as compared to Nifty's 23.64 per cent fall. Here are key levels for frontline banking counters.
Peers investing indicates other investors' reluctance; banks must conserve capital first before bailing out the private lender
SBI Card, the second largest largest credit card issuer in the country, got listed at 13 per cent discount at Rs 658 on the BSE, against the issue price of Rs 755.
Hours after the Cabinet approved restructuring scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue
The ICICI Bank in a regulatory filing said that the board has approved an equity investment of up to Rs 1000 crore in equity shares of YES Bank Limited
The Centre currently owns 4.71% in Axis Bank and 7.93% in ITC through SUUTI
Max Life has Rs 2,000 crore exposure to YES Bank's tier-2 bonds and the latter accounts for 11 per cent of its bancassurance channel
Whenever a stock witnesses higher volumes, which is normally stronger than earlier candles, it indicates severe pressure.
Majority of private bank stocks are down 10-33% YTD, indicating weaning conviction in the sector
Fadnavis, a former chief minister, had been targeted over this issue earlier by his detractors as his wife Amruta Fadnavis holds a senior position with Axis Bank
Firm claims Delhi High Court, DRT rulings restrain payments; Reliance Home Fin also defaults on interest payment on term loan and cash credit