Federal Bank shares hit record high on merger report
Federal Bank shares gained 8.58% to hit a 52-week high of ₹129.7 on the BSE amid report that the private lender is in merger talks with Kotak Mahindra Bank.
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September 2022
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Tamilnad Mercantile Bank’s ₹830 cr IPO to open on Sept 5; details here
The private lender has fixed a price band of ₹500-525 apiece for the IPO; lot size is 28 equity shares and in multiples thereafter.
SBI share tanks 3% as Q1 profit misses estimates
SBI Q1 profit dropped 6.7% YoY to ₹6,068 cr as losses in treasury portfolio impacted state-owned bank’s non-interest income
Auto, realty stocks see mixed trading after RBI repo rate hike
In realty and auto counters, Indiabulls Real Estate, DLF, Sobha, TVS Motor, Tata Motors, and Escort were top performers post RBI policy announcement
ICICI Bank, BoI, Indiabulls Housing Finance shares rise up to 9%; here’s why
ICICI Bank riases MCLR by 15 bps across tenors; Bank of India by up to 10 bps; and Indiabulls Housing Finance by 25 bps.
Axis Bank share falls 3% despite robust Q1; should you buy, hold, or sell?
Most of the analysts have maintained “buy” call on Axis Bank after it reported a 91% y-o-y jump in net profit in June quarter of 2022
HDFC Bank share falls 1% post Q1 results
HDFC Banks’ Q1 profit rose 19% YoY to ₹9,196 crore, compared to ₹7,730 crore in the same period last year, driven by higher income and decline in provisions.
Economy on mend, inflation, spillovers pose challenge: RBI
RBI says global economic outlook is shrouded by uncertainty due to Russia-Ukraine war, front-loaded monetary policy normalisation and multiple Covid-19 waves
Banking stocks rise after RBI monetary policy announcement
Post RBI policy announcements, Bank of Baroda rose 2.85%, followed by SBI, IndusInd Bank, HDFC Bank, and Federal Bank, which gained up to 2%.
How banking metaverse will change the way you bank
You can see a real-world bank that your personalised avatar can visit. Avatars of relationship managers and robo-advisors will engage with you.
