A lot has to fall in place for IDFC First Bank’s stock to rebound

Private-sector lender IDFC First Bank Ltd has put up a dismal show and seen its shares tank around 26% so far this calendar year. In contrast, the Nifty Bank index…

ICICI Bank approves proposal to divest 19% stake in ICICI Merchant Services

ICICI Bank Limited’s Board of Directors, during its meeting held today, approved the proposal to divest a 19 percent stake in ICICI Merchant Services Private Limited (IMSPL), a company in…

HDFC Bank vs ICICI Bank: Which private sector lender to choose in long term?

HDFC Bank vs ICICI Bank: The private banking sector in India is dominated by two stalwarts, HDFC Bank and ICICI Bank, offering investors a blend of stability and growth potential.…

Small, mid-cap private banks on the rise: Emkay Global bets on Federal Bank, Karnataka Bank, Karur Vysya Bank

Small-cap and mid-cap (SMID) private sector banks have experienced a strong recovery in the post-COVID banking resurgence, marked by gains in credit market share, expansion in return on assets (RoA),…

HDFC Bank share price climbs over 3% to hit record high, crosses ₹1,800 mark for the first time ever

Private sector lender HDFC Bank surged over 3 percent in intra-day deals today to hit its record high of ₹1801.90. This is the first time the stock has crossed ₹1,800-mark.…

Muhurat Trading: Choice Broking prefers this PSU Bank stock as its top pick

Muhurat Trading 2024: Indian stock exchanges are closed today, November 1, in observance of Diwali, the festival of lights. However, a special one-hour Muhurat Trading session will be held this…

Yes Bank shares decline following Q2 business update: Deposits and advances show steady growth, LCR declines

Shares of Yes Bank fell in trading on Thursday after the private sector lender released its business update for the September quarter (Q2). The bank reported strong growth in both…

Fund managers bet big on financials: But why ditch banks for NBFCs?

Foreign portfolio investors (FPIs) have shown erratic behaviour when it comes to investing in finance and banking stocks, with buying sprees frequently interrupted by periods of selling. After significant selling…

Bank of Baroda shares remain a buy for Motilal Oswal despite 10% fall in 3 months; here’s what the brokerage says

Bank of Baroda (BoB) shares have fallen 9.5 per cent since July following three straight months of decline. Despite this domestic brokerage Motilal Oswal (MOSL) reiterated its ‘buy’ recommendation on…

Financial stocks overvalued amid short-term rally, says Emkay’s Seshadri Sen; picks HDFC Bank, IndusInd, Shriram Finance

The financial sector is witnessing a short-term rally driven by a potential recovery in deposit growth as the RBI embarks on its anticipated easing cycle. With moderate valuations attracting investors…