Page 2 - Banking Shares

Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions

Stocks to Watch Today: Asian Paints, Cipla, Gujarat Gas and Vodafone Idea will be in focus ahead of the Q4 results on Tuesday, May 10, 2022.

Bouncing Back! SBI, Axis Bank, AU SFB cross key hurdles, more upside likely

Banking shares have bounced back strongly in trades on Thursday amid hopes of a peace deal between Russia and Ukraine on planned diplomatic talks.

Stocks to Watch: SBI, Airtel, SpiceJet, Trent, Mtar, Pfizer, HPCL, Bata

SBI and other banking shares, along with stocks of companies to report earnings today will be in focus

Stocks to Watch: Havells, JustDial, Jubilant Food, L&TFH, TajGVK, Tata Comm

Ferilisers, banking shares along with result-oriented stocks like Just Dial, Jubilant Foodworks, Tata Communication, Nestle India and Rallis India to be in focus today

Axis board gives approval to reclassify Oriental Co as public shareholder

Axis Bank on Wednesday said its board of directors has approved to reclassify The Oriental Insurance Company Ltd (OICL) from promoter category to public category shareholder.

RBI nod to Jammu & Kashmir govt to acquire over 16.76 cr shares in J&K Bank

The Reserve Bank has accorded approval to Jammu & Kashmir government to acquire over 16.76 crore shares in J&K Bank on preferential basis. "The RBI vide its letter dated September 2, 2021 has accorded approval to Government of Jammu & Kashmir to acquire 16,76,72,702 fully paid-up equity shares on preferential basis, i.e., up to 74.24 per cent of the post issue paid-up voting equity capital of the bank subject to compliance of regulatory requirements," J&K Bank said in a regulatory filing. In August, the lender had said that Sebi had exempted the Jammu & Kashmir government from complying with its norms on substantial acquisition of shares and takeovers in the proposed acquisition of 16,76,72,702 equity shares (6.06 per cent) of the bank during 2021-22. Earlier on April 1, the bank had said the Jammu & Kashmir government, as its promoter shareholder, has committed to infuse capital of up to Rs 500 crore in the bank. In a separate filing, the lender said it has ...

Central Bank to seek shareholders' nod to set off loss of Rs 18,724 cr

Central Bank of India will seek shareholders' approval in its ensuing annual general meeting next month to set off accumulated loss of over Rs 18,724 crore from the share premium account of the bank.

Punjab & Sind Bank shares close over 4% higher after Q4 profit

Shares of Punjab & Sind Bank on Monday closed over 4 per cent higher as the company turned profitable in the fourth quarter of the financial year 2020-21 after eight consecutive quarters of losses. The stock rallied 7.33 per cent to Rs 21.95 during the day on the BSE. It closed at Rs 21.35, a gain of 4.40 per cent. On the NSE, it jumped 3.16 per cent to close at Rs 21.20. The state-run bank turned profitable in the fourth quarter of the financial year 2020-21 after eight consecutive quarters of losses, posting a profit after tax of Rs 161 crore on the back of improvement in recoveries and decline in bad loans. The lender had registered a net loss of Rs 236.3 crore in the year-ago period. However, for the full year, its loss widened to Rs 2,732.9 crore as against Rs 990.8 crore in financial year 2019-20. "The profitability is due to our focussed monitoring and also on account of recoveries. Though it has been challenging times, we were able to make a reasonable amount of ...

Shares of Punjab & Sind Bank jump nearly 7% after turning profitable in Q4

Shares of Punjab & Sind Bank on Monday jumped nearly 7 per cent as the company turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses. The stock rallied 6.60 per cent to Rs 21.80 on BSE. On NSE, it jumped 6 per cent to Rs 21.80. The state-run bank turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses, posting a profit after tax of Rs 161 crore on the back of improvement in recoveries and decline in bad loans. The lender had registered a net loss of Rs 236.3 crore in the year-ago period. However, for the full year, its loss widened to Rs 2,732.9 crore as against Rs 990.8 crore in FY20. "The profitability is due to our focussed monitoring and also on account of recoveries. Though it has been challenging times, we were able to make a reasonable amount of recoveries. "We were also able to arrest slippages to a great extent. This has helped in bringing down the credit costs, which enabled us to register profit,"

Sensex, Nifty rise for 4th straight session; pharma, banking stocks gain

Over the last four sessions, the Sensex has gained 1,248.90 points or 2.58 per cent.

Cloud on banking stocks on NPA concerns amid second wave of pandemic

The Nifty Bank index has come off 15 per cent from its peak in February, underperforming the benchmark Nifty which is down 6%

Nomura, Credit Suisse warn of big losses after Archegos share dump

The Swiss bank said that a fund had "defaulted on margin calls" to it and other banks, meaning they were now in the process of exiting these positions

Nifty Bank hits fresh high post Budget boost; charts suggest further upside

Among individual stocks, Axis Bank, ICICI Bank, SBI may climb higher levels in coming sessions

ABN Amro exits trade, commodity financing after losses, to cut 800 jobs

The restructuring will affect around 45 per cent of client loans, worth 18 billion euros ($21 billion) and follows several failed attempts to increase the profitability of the corporate bank

ICICI Bank, SBI, BoB: How to trade bank stocks in this volatile market

Here's a look at what major technical indicators suggest for Nifty Bank and its key constituents and what should be your trading strategy

ICICI Bank, SBI: Fitch revises IDR outlook. Time to sell these stocks?

On Monday, global rating agency Fitch revised the outlook from "stable" to "negative" on the Long-Term Issuer Default Ratings (IDR) of nine Indian banks

Top Headlines: Nizamuddin Covid-19 shock, UN report on recession, and more

Business Standard brings to you the top headlines of the day

Banking shares lift markets from 7-month low; ICICI Bank rises nearly 11%

A Rs 400-billion bond-purchase announcement by the Reserve Bank of India (RBI) helped ease liquidity concerns