Of the total 12, three lenders -- SBI, PNB and Bank of India -- reported fall in their profits ranging from 7%-70%
The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment
SBI Q1: The country's biggest state-owned lender reported a net profit of around Rs 6,070 crore (down 7 per cent year-on-year) with the miss being driven by 13 bps sequential decline in NIM
Among top 20 districts with highest share of female borrowers in fresh home loan disbursal in FY22 (mostly rural), six districts are from Chhattisgarh and three from Gujarat and Haryana each, SBI said
CLOSING BELL: Coal India, M&M, Bajaj Finserv, HDFC Bank, Hindalco, Axis Bank, NTPC, L&T, HDFC, Dr Reddy's Labs, RIL, IndusInd Bank, and Apollo Hospitals were the top gainers on the 50-pack index today
Gradual improvement in margin, steady operational efficiency coupled with adequate provision buffer to aid earning momentum, analysts said.
Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.
Global cues will be important as geopolitical concerns are rising whereas both domestic and global macro numbers will play an important role, says an analyst
SBI Q1: Projections on the quantum of decline in net profit vary widely across brokerages as they see a sequential slide anywhere between 7 per cent and 51 per cent
Manappuram Finance has so far on Friday post RBI rate hike has logged its biggest intra-day gain this year, the stock along with DLF, SBI and Bajaj Auto can rally up to 14 per cent in the near term.
Last month, SBI's board had provided approval for raising up to Rs 11,000 crore via additional tier-I and tier-II bonds to meet regulatory requirements and support business growth
At 10:41 AM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent, as compared to 0.43 per cent decline in the Nifty50 index.
The acquisition is expected to be completed within 14 days from the date of execution of the share purchase agreement or by August 12, 2022
India's International Bullion Exchange (IIBX) will be open for jewellers with a net worth of Rs 25 crore and above to participate
In a bid to protect the customers against ATM frauds, a withdrawal of or more than Rs 10,000 from the SBI account will now be possible only on entering the OTP in the ATM
Several banks including BoB and SBI have issued notifications asking customers to register under PPS before August 1 to encash high-value cheques
Amazon is offering an instant discount of up to10 per cent on purchases made using SBI and ICICI bank cards
CLOSING BELL: Among sectors, the Nifty PSB index rose 1.56 per cent, while the Nifty Pharma slipped 0.4 per cent
The application for the PVC plant comes just days after Adani Group secured a loan worth Rs 6,071 crore for a new copper refinery at Mundra, on June 26
Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end