Axis Bank shares nosedive 7% post Q1; tumble 11% in five sessions
Axis Bank’s Q1 earnings missed estimates, due to higher credit costs as well as higher slippages, which pushed GNPA higher.
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July 2024
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Bank Nifty extends fall for 2nd day; SBI, HDFC, Axis, ICICI Bank down up to 2%
10 out of 12 Nifty bank stocks were trading lower, barring Federal Bank and AU Small Finance Bank.
NBFCs Set For Bigger Play
Despite hiccups such as IL&FS crisis and increase in risk weights, non-banking financial companies continue to make their presence felt.
The Banking Scorecard
The combined profit of listed public and private sector banks surged 39% to ₹3.1 lakh crore in FY24, compared with ₹2.2 lakh crore in FY23.
HDFC Bank shares drop 4% post Q1 biz update
The lender’s gross advances grew 52.6% YoY to ₹24.87 lakh crore in Q1 FY25, but dropped 0.8% QoQ; total deposits rose 24.4% YoY and flat QoQ to ₹23.79 lakh crore.
Why HDFC Bank shares are rising for three sessions
The share price of HDFC Bank rallied 3.5% to touch a fresh 52-week high of ₹1,791.90 on the BSE today.
Bank NIFTY hits fresh record high, crosses 52,900 mark; private lenders lead
The rally in Bank NIFTY was in line with benchmark indices, with the BSE Sensex and NSE Nifty touching their respective new highs today.
Why are Indian Overseas Bank shares falling for last 4 sessions?
The share price of PSU bank has declined nearly 1% today and around 7% since April 29.
IndusInd Bank shares up 2% on buzz about stake hike by promoter
IndusInd International Holdings Ltd, promoter of the bank, is looking to increase its stake from 16.4% to 26%.
YES Bank shares jump 9% on robust Q4, asset quality improvement
The shares of YES Bank have risen in the six out of the last seven sessions and climbed nearly 19% during this period.
