Loan and deposit accretion may slow down the current operating environment
Investors, however, booked profit at most banking counters with shares of SBI, Axis Bank, HDFC Bank, YES Bank, Punjab National Bank, Bank of Baroda, and The Federal Bank down up 2.7 per cent.
Based on recent brokerage recommendations, here are six stocks - three that have seen an increase in their target price since June, and three that have seen a cut
Meanwhile, there is enough evidence to indicate that NBFCs, real estate sector and retail loans may not presently be in a safe zone for banks to be complacent about
Receding asset quality worries and strengthening of fundamentals, especially on loan growth, among reasons for bullish view
the asset quality problem and tighter Reserve Bank of India norms around bad loan disclosure would lead to drop in earnings at banks in the coming quarters
With bond prices likely to be under pressure for some time due to the increase in fiscal deficit
The slide in banking stocks came a day after the Reserve Bank of India (RBI) policy meeting
Of the 18 QIPs that raised Rs 34,349 crore in CY17, stocks of 16 are trading above their QIP issue p
Sensex slips below 31,000; banking index falls 1.5%
The rally in the banking stocks has pushed Indian benchmarks higher on Thursday. While the Nifty closed at 9,359 - 47.9 points or 0.5 per cent higher, Sensex gained 231.4 points or 0.8 per cent to close at 30,126. This is a new record high closing for Nifty. On the other hand, the Sensex is 0.8 percent short of touching a new high. Even the broader markets echoed a similar trend with both the midcap and small indices closing 0.5 per cent and 0.36 per cent higher respectively.The banking stocks had rallied on the back of optimism about government's decision to bring an ordinance to empower the Reserve Bank to effectively deal with bad loans. Shares of ICICI Bank rallied 9.2 per cent to end as the biggest gainer among the Sensex companies. Shares of Axis Bank and SBI closed 3.6 per cent and 3.2 per cent higher respectively. The BSE Bankex, a gauge of banking stocks, soared 2.3 per cent to close at a new high of 25,831."Government is one step closer to new non-performing assets (NPA) ...
Experts say the share of financials will improve further, as economy improves and insurance firms list