While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight … Read more
September seasonality revealed that the Nifty PSU Bank index was a laggard, ending the month with declines on seven occasions in the last 10 years. Three scrips in the 12-stock index have given a dismal performance, falling more times than the index itself. These are Bank of India (BoI), State Bank of India (SBI) and … Read more
Madan Sabnavis, Chief Economist, Bank of Baroda, says the steps announced by the government cover both crops – horticulture as well as allied activities – and this is required for overall enhancing and creating more steady growth and output as well as income for farmers. Today when we are talking in terms of rural consumption … Read more
“The percentage of CNX 500 stocks trading above the 50-day moving average has improved from 48% to 65%. This suggests the rally should continue, also supported by strong global cues. Even the S&P 500 has seen a breakout after the last four weeks of consolidation,” says Dharmesh Shah, Head-Technical, ICICI Direct.Well, the market is fairly … Read more
Several state-owned banks, including the country’s largest lender, State Bank of India (SBI), are likely to tap debt markets and raise close to ₹20,000 crore by the end of the month, as lenders step up fundraising activities amid faster credit growth than deposit growth. SBI is likely to raise ₹5,000 crore-10,000 crore through the issuance … Read more
ET Intelligence Group : Next time the benchmark Nifty 50 index is reconstituted at the end of September, one is likely to gain more by investing in the stock that is being excluded instead of the one that is being included in the index. Two out of three times over the past 10 years, the … Read more
Debadatta Chand, CEO & MD, Bank of Baroda, says the bank’s guidance on the NIM has been 3.15% plus-minus 5 bps. And the good part of this quarter, the June quarter results is that we maintain the NIM vis-a-vis the last year. The last full year NIM was 3.18 and if you look at the … Read more
The first quarter earnings season is underway and as many as 115 companies will announce their quarterly numbers on Wednesday. Key results to watch out include Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja and Bank of Baroda. Apart from the above, companies like Aster DM Healthcare, Barbeque Nation, Deccan Healthcare, Dynamic Cables, IIFL … Read more
Equity indices soared to new lifetime highs on Thursday, fuelled by intense buying in market heavyweights. In today’s trade, shares of YES Bank, Aster DM Healthcare, ONGC, IndiGo, Bank of Baroda among others will be in focus due to various news developments. YES BankThe Board of YES Bank will meet on June 25 to consider … Read more
Showcasing a sharp earnings turnaround on asset quality improvements, robust margins and strong loan book growth in a multi-year credit upcycle, the combined net profit of all 12 PSU banks has zoomed nearly 4.5 times in just 3 years to record high levels of Rs 141,203 crore in FY24. On a year-on-year basis, the profit … Read more
