Page 3 - Private Banks

ICICI Bank Q1 preview: Analysts expect profit to rise 40-47% YoY, NII 21%

Analysts expect loan growth to be at 20 per cent YoY at Rs 887,600 crore, up from Rs 738,600 crore last year

Kotak Mahindra Bank completes tech integration with new e-filing portal

With this, Kotak Mahindra Bank becomes one of the first private banks to be fully integrated with the new Income Tax department portal

Banks may incur Rs 13,000 cr MTM losses in Q1 on rising bond yields: Icra

State-owned lenders, which hold large quantities if G-Secs, to face brunt of yield spike

ICICI, Axis, HDFC Bank allowed to offer services to DefMin in global buys

These private banks will provide Letter of Credit (LC) and direct bank transfer business for overseas procurement by the defence ministry

Goldman Sachs sees Kotak Mahindra Bank entering $100-bn club by FY27

Shares of Kotak Bank rose 2.64 per cent on Wednesday to end at Rs 1,707, valuing the lender at $42.8 billion (Rs 3.4 trillion)

HSBC to relaunch India private banking business within a year: Exec

HSBC will revive its private banking business by the end of this year, according to bank officials

BoB rejigs corporate banking biz, to open 27 branches for mid-corp entities

After rationalisation, nine Bank of Baroda branches will cater to large corporates while 27 will be for mid-sized corporates

Private banks are better money managers, state-owned lenders grow faster

They witnessed higher gains from parking funds with RBI and income from investments; as rates rise, space for both would shrink

Corporate profit-to-GDP ratio attains 11-year high of 4.3% in FY22

Performance comes on the back of 48% YoY growth in bottomline. GDP also expanded 19.5% in FY22 after contracting in FY21 due to Covid-19 disruptions

Stormy Dhanlaxmi EGM on cards today under a cloud of allegations and exits

The Dhanlaxmi Bank EGM has been called by a group of eleven minority shareholders unhappy with the working of the bank, and its financials

MF industry's exposure to certificates of deposit up sharply since October

Industry players say banks have ramped up mobilisation via CDs in recent months amid pick-up in credit offtake

Private bank profits rise, thanks to higher NII and low provisions

Witness robust loan growth and higher operating expenses in March quarter

9 private banks on account aggregator system, 5 public sector banks in line

Among large private sector lenders, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and IndusInd Bank are live on the AA system

Bank credit growth seen in double digits in Q4; flat NIMs likely: Analysts

Q4 preview: Analysts believe earnings momentum is likely to gather pace, with healthy loan growth, stable margins, and improving asset quality trends

CARE upgrades rating for YES Bank's tier-II, infra bonds to "BBB+"

The CARE ratings continue to factor in the improvement in the credit profile of the bank post the implementation of the reconstruction scheme for the private sector lender.

Two years on, YES Bank eyes long-term growth and customer confidence

While survival and stability have been evidenced in growth and customer confidence, this is the right time to understand the road ahead and priorities for the lender.

Ukraine impact: India's private banks may feel the heat from weak macros

Analysts though have 'buy' recommendations on most private banks

DCB Bank's shares decline nearly 2% after 22% fall in Q3 net profit

The stock declined 1.47 per cent to settle at Rs 86.85 on the BSE; during the day, it tumbled 4.02 per cent to Rs 84.60

Axis, ICICI, IndusInd Bank: Select pvt lenders poised for up to 10% upside

The Federal Bank stock is attempting a breakout on the upside by crossing Rs 103 level, the Relative Strength Index (RSI) has formed a positive crossover indicating a bullish strength.

HDFC Bank Q3: Analysts see up to 17% YoY jump in profit; NIM may contract

Overall, analysts expect NIMs to be around 4.11-4.20 per cent. In Q3FY21, NIM was 4.2 per cent, and it was 4.10 per cent in Q2FY22.