
SBI shares slumped 5% despite strong growth in Q4 profit; here's why
Post Q4 results, SBI share price plunged 7.75% from the day’s high as top and bottom line growth failed to meet market estimates.
Post Q4 results, SBI share price plunged 7.75% from the day’s high as top and bottom line growth failed to meet market estimates.
SFBs are taking financial inclusion beyond account opening and creating income opportunities in remote areas.
Contrary to market perception, payments banks such as Fino and Airtel have turned profitable.
It takes two to tango, and banks and fintechs are increasingly realising this. while such tie-ups help the former slash operational costs, for the latter, it promises access to a wider universe.
Shares of Bandhan Bank rallied amid a surge in volume trade as more than 5 crore equity shares of the private sector lender changed hands via block deals.
AGB Shipyard’s loan defaults were known since 2013 and continued to be ignored till 2016. Its frauds were found out in 2019 and yet not much happened until it exploded in February 2022.
This largecap bank shares have hit a two-year high of ₹118.35 intraday today on the back of strong December quarter earnings.
SBI Q3 results: The PSU bank continued to report improvement in asset quality, with gross NPA falling to 4.5% in Q3 FY22, from 4.77% in the year-ago period, and 4.9% in Q2FY22.
IndusInd Bank, ICICI Bank, Axis Bank, HDFC Bank, and Kotak Mahindra Bank were among top five gainers in the banking sector.
While banks have increased investments towards fraud risk management and monitoring systems and controls, these efforts seem insufficient, says Deloitte India.