Major stocks are preparing for next leg of breakouts.
The bank's net interest income grew 16 per cent to Rs 9,366 crore in Q2FY21
The bank's NII grew 16 per cent to Rs 9,366 crore in Q2FY21 from Rs 8,057 crore
The bank had posted a net profit of Rs 655 crore during the same period of the previous fiscal year.
Emkay Global Financial Services note that the private lender has done the heavy-lifting on provisions in Q4FY20 and Q1FY21. Thus, incremental provisioning should be moderate leading to healthy profits
Nifty is forming a symmetrical triangle with "shortall" in place on the daily chart, which indicates that the chances of bullish breakout is higher than the bearish breakout
HDFC Bank's asking rate has been twice ICICI Bank's in the past, but the trend is fast reversing
Market participants would watch out for greater clarity on NPA recognition, loan restructuring roadmap, and credit costs for the rest of the year
This is already a record year for amount mobilised through the equity capital markets (ECM), topping $31.2 billion raised during calendar 2007, according to financial data firm Refinitiv
Earlier in the day, its larger rival HDFC Bank also said that the business has returned to pre-COVID pandemic levels
HDFC Bank's business is back to pre-covid levels, says Aditya Puri
The additional borrowing could take full-year issuance to a new high of 13 trillion rupees from the current 12 trillion rupees target, according to Bloomberg calculations
The stock of ICICI Bank has witnessed a decent correction recently and has maintained the support zone near 360 levels
All that happened in the markets today
All that happened in the markets today
ICICI Bank on Monday said it has got exemption from paring stake in its life and non-life subsidiaries to 30 per cent for a period of three years.
Morgan Stanley believes the banks could provide aggressively for bad loans (unlike the banking system) and accelerate the pace of loan market share gains as the economy stabilizes
PMLA court rejects Kochhar's plea for meeting family members during custody
Tata Consultancy Services and HDFC Bank were the only gainers among the 10 most valued listed firms