A fresh Covid wave can potentially disrupt the recovery of businesses hurting some sections of HDFC Bank's loan book, analysts say
The next support for the Nifty Bank index is at 30,000. Any breach of the same may result in a bearish trend towards 28,000-mark
A recovering rupee and positive global cues also propped up the bourses, traders said
India's factory activity grew at its weakest pace in seven months in March as renewed lockdowns to curtail a resurgence in Covid-19 cases dampened domestic demand and output
Earnings improvement over two quarters was without proportionate lending growth
Reversing last session's losses, the 30-share BSE Sensex ended 280.15 points or 0.56 per cent higher at 50,051.44
Loan moratorium case: The Supreme Court said that the waiver of complete interest is not possible as it affects depositors
Major banking stocks have broken crucial supports
Moody's Investors Service revised upwards its outlook on IndusInd Bank to 'stable' from 'negative' while affirming its rating
Market trading volumes and liquidity are expected to rise on Friday due to "quadruple witching," the quarterly simultaneous expiration of U.S. options and futures contracts
Proforma NPA in Q3 stood at 4.18 per cent; retail NPA of 3.88 per cent is the highest among top 7 private peers
10-year government bond yield hardened to 6.23 per cent on Friday, up 0.05 per cent from 6.18 per cent on Thursday, February 25
Some large private banks, unlike mid-sized banks, were allowed to participate in the government's businesses even after the RBI restricted the private lenders' participation in 2012
The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels
The series of price-target upgrades continued for the sixth consecutive quarter for the state-owned lender as it reported a 7 per cent decline in net profit at Rs 5,196 crore for the December quarter
SBI, Indian Bank, Bank of Baroda, Canara Bank, Punjab National Bank and Bank of India were rallied between 25 per cent and 50 per cent in past one week.
The key monitorable, analysts said, will be downgrades to BBB and below list; outlook on asset quality; update on restructuring account; and business outlook
Analysts expect Public Sector Banks' net profit to plunge a massive 43 percent on year, and 71 per cent sequentially
Stock market updates: Nifty PSU Bank index surged over 6 per cent and was the top sectoral gainer
Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300