Wed, Nov 29, 2023
The risk for investors lies in the rich valuations of these banks. HDFC and ICICI trade at a price-to-book (P/B) ratio, a metric that compares stock price with underlying assets, of 3, while Axis trades at 2.3 and BCA at 5.
Sun, Nov 26, 2023
The market valuation of ITC was down Rs 1,808.36 crore to Rs 5,46,000.07 crore, while that of Infosys dipped Rs 290.53 crore to Rs 5,96,391.22 crore.
Sun, Nov 12, 2023
ICICI Bank added Rs 3,520.92 crore taking its market valuation to Rs 6,57,563.38 crore.
Thu, Apr 01, 2021
Analyst Nilesh Jain of Centrum Broking said that a leadership position is expected to come back for the Bank Nifty in April Series. The AVP said that he expected the Bank Nifty to trade in the range between 35,000 and 35,500. The immediate support on it is at 33,000
Bank Holidays April 2021: There are several bank holidays in April but as per the Reserve Bank of India (RBI), the banks will remain closed for 9 days this month.
Tue, Mar 30, 2021
Nifty, Bank Nifty rebalancing: BIG changes in Nifty and Bank Nifty from 31 March. The rebalancing in Nifty, Bank Nifty comes into force from Wednesday. Which stock will see an increase in the weightage while what all stocks will lose? Devanshi Asher has this detailed report
Bank Holidays April 2021: The banks across country will remain closed for 9 days in April as per the Reserve Bank of India (RBI) calendar for bank holidays. These holidays by the RBI will vary from state-to-state and will also depend on banks.
An improvement in velocity of ICICI Bank's operating profit growth & steady credit cost will bring down volatility in earnings, which has been a key reason for 55% discount in valuation vs. HDFC Bank.
Mon, Mar 29, 2021
The customers are likely to face challenges in transactions in the coming days. Week starting from March 27 to April 4, bank branches across segments will be functioning for two days. The only two days working would be 30th of March and 3rd of April, of which many bank branches function half day.
Jefferies said that management of HDFC Bank was confident of expanding market share in loans from 10% to 15%, implying 18-20% CAGR over medium term. This shouldn't impact underwriting quality & profitability. Jefferies maintains Buy rating on HDFC Bank with a price target of Rs 1860.
Fri, Mar 26, 2021
Jefferies said that management of HDFC Bank was confident of expanding market share in loans from 10% to 15%, implying 18-20% CAGR over medium term. This shouldn't impact underwriting quality & profitability. Jefferies maintains Buy rating on HDFC Bank with a price target of Rs 1860. HDFC Bank share price today is Rs 1485, up Rs 22 or 1.5%.
Tue, Mar 23, 2021
SBI, HDFC Bank, ICICI Bank, Axis Bank stocks: Today, Nifty Bank index was trading positively at around 3 pm on with major stocks like SBI, HDFC Bank, ICICI Bank, and Axis Bank trading positively. While Nifty Bank was trading at 34,334.35, up by almost 2.2 per cent, Axis Bank was the top gainer and was up by over 3% from the previous closing price of Monday. SBI was up by 1.9%
Jefferies interaction with HDFC Bank on retail business indicates that momentum on client acquisition is buoyant despite Covid and will help grow through cross-sells. Growth in retail loans will be led by housing, LAP, auto, gold and retail working capital; retail is growing MOM for 6 months and above pre-Covid. New launches in auto and healthcare loans hold promise.
Mon, Mar 22, 2021
RBI is still reviewing HDFC Bank's digital platforms and as per management, the focus is not only on managing flow of transactions, but also on building a globally comparable platform. Also, recent reports of temporary overhang of its system is a bit concerning. Jefferies believes that the complexity of payment systems has increased over the past 5 yrs as this combines a multitude of analytical platforms that require much stronger back-end
Tue, Mar 16, 2021
Bank Strike Day 2: The banks across India will remain closed today (March 16) as part of the two-day strike call made by All India Bank Employees` Association (AIBEA).
Mon, Mar 15, 2021
Banking operations across the country will be affected on today and tomorrow as bank unions go on strike for two days against the proposed privatisation of two state-owned lenders.
Sun, Mar 14, 2021
Banking operations across the country could be impacted on Monday and Tuesday as United Forum of Bank Unions (UFBU) has given a call for a nationwide strike to protest against the proposed privatisation of two state-owned lenders.
Sat, Mar 13, 2021
Bank Holiday March 2021: There is an important news for those planning to visit banks for their routine financial needs. Banks will be closed for four days, starting today, March 13. Most of the banks will remain closed from March 13 to 16.
Fri, Mar 05, 2021
Following SBI (State Bank of India), Kotak Mahindra Bank and HDFC Bank; India's one of the top private lender ICICI Bank has announced to reduce its home loan interest rate to 6.70 per cent — lowest ICICI home loan interest rate in the last 10 years.
Sat, Feb 27, 2021
Bank Holidays March 2021: As March is about to begin, those planning to visit banks for different works this month should make sure that they look at bank holiday calendar 2021 issued by Reserve Bank of India (RBI) before heading for their respective branches.
Thu, Feb 25, 2021
The government has lifted restrictions on private banks participating in government businesses – a material positive that will improve their share of fees/deposits at government businesses over the medium term. Morgan Stanley awaits operational guidelines to gauge the extent of potential upside.
Mon, Feb 22, 2021
Vishal Wagh, Research Head at Bonanza Portfolio shares his technical view on SBI, ICICI Bank and HDFC Bank. His detailed analysis will help traders understand how to limit their losses and put correct stop-loss. He thinks market volatility may be more in the coming week so strategies should be followed for better returns going in to next week.
Wed, Feb 17, 2021
SBI vs HDFC Bank vs ICICI Bank: Q3 FY21 was a strong quarter with most banks reporting positive earnings and an improving outlook on growth and asset quality. Private Banks’ like HDFC Bank and ICICI Bank advances grew faster than the system and resulted in continued market share gains. Coupled with strong deposit growth, notably low-cost CASA deposits, reduced cost of funds and led to better margins.
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