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.
Tue, Jan 03, 2017
Vijay Agrawal, Executive Director, Equirus Capital said, "Cut in interest rates is likely to give a big push in offtake. Reduction in home loan EMI will increase purchasing capacity of home buyers."
ICICI Bank on Monday announced a reduction of 0.70% benchmarks across tenures.
Sun, Dec 18, 2016
Six of 10 most valued companies took a combined hit of Rs 38,221 crore in their market valuation last week, with Coal India Ltd (CIL) bringing up the maximum losses, as the benchmark Sensex lost nearly 1%.
Fri, Dec 02, 2016
On June 22, the RBI had said that under the MSS for the current fiscal was fixed at Rs 30,000 crore.
Sun, Nov 20, 2016
RIL saw a dip of Rs 4,508.29 crore to Rs 3,20,283.29 crore.
Thu, Nov 17, 2016
According to estimates, banks have collected cash deposit of over Rs 4 lakh crore following the demonetisation decision announced on November 8 by Prime Minister Narendra Modi.
Wed, Nov 16, 2016
Experts expect investments in FDs to rise as banks offer better-than-savings interest rates for a limited time.
Mon, Nov 14, 2016
Ramaswamy Subramanian Co-founder and CEO at Finanzmart said, "It is a good time for genuine home buyer opting for home loans at this rate because these interest rates are at its lowest now. In fact in 2-3 years the rates have been progressively coming down.”
Tue, Nov 08, 2016
Assuring its customer, ICICI Bank added," Nevertheless the bank has taken steps to preserve the interests of its customers and continues to pursue the matter for enabling effective remediation through authorized channels.
This came after the recent financial data security breach which allegedly compromised about 32 lakh accounts.
Mon, Nov 07, 2016
Indian banks are needed to revise MCLR rate monthly by taking in account factors like the repo rate and other borrowing rates.
Sun, Oct 30, 2016
As India's biggest festival Diwali begins on Sunday, here are five blue-chip stocks that you could buy this festive season.
According to Motilal Oswal Securities latest research report, here's the list of top five stocks:
1. HDFC Bank
Thu, Oct 27, 2016
The barometer 30-scrip sensitive index (Sensex) dipped by 254.91 points or, 0.91 per cent at the closing. In the day`s trade, the index touched a high of 28,050.55 points and a low of 27,759.56 points. The Nifty, was also down by 76.05 points, or 0.88 per cent.
Wed, Oct 26, 2016
Asia showed distinct weakness as there were fresh fears after reports emerged that Russia will not take part in a planned oil output cut by major producers. Overnight losses in the US on lower-than-expected earnings added to the anxiety.
Tue, Oct 25, 2016
Net revenues for the given period also jumped 18%, at Rs 10,894.5 crore. The bank said that its total deposits rose 16.7%, at Rs 5,91,731 crore in the second quarter as against Rs 5,06,909 crore. October also saw the total deposits with the entire banking system in India cross Rs 100 lakh crore for the first time.
One of the largest private sector banks in the country, HDFC Bank, on Tuesday said that it recorded a net profit of Rs 3455.33 crore for the second quarter ended September 30, 2016. Analysts expected the bank to post Rs 3470 crore net profit.
Thu, Oct 20, 2016
A PTI report said,"All the bankers were quick to claim that the breach has not led to any monetary losses to anyone and all the measures being taken are to safeguard the system against any potential threat."
A suspected breach of data security of a city-based private sector lender a few months back has led to pre-emptive steps being taken by other banks to thwart any potential troubles, bankers said on Wednesday.
Tue, Oct 11, 2016
Stock breadth has been positive in the current calendar year so far, with 36 Nifty shares trading higher.
Mon, Oct 10, 2016
Kotak Institutional Equities Research said, "Banks are expected to report 15% yoy decline in earnings on the back of accelerating revenue growth of 18% yoy led by higher treasury income as they continue to provide for bad loans (82% yoy) for NPLs."
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