SBI shares rise 2% post Q3; what should investors do now?
Most brokerages have assigned “Buy” ratings to SBI shares after Q3 results, with a potential upside of 28% from the current market price.
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February 2023
January 2023
December 2022
November 2022
Indian banks to face margins pressure in FY24: Fitch
Fitch expects the Indian banking sector's average NIM to slightly contract by about 10 basis points in FY24 to 3.45%.
Highest increase in employee costs
IT/ITeS and banking sectors have added employees even amidst Covid disruptions.
Moody's upgrades ratings of 3 PSU banks
The upgrade reflects an improvement in India's macro profile to "Moderate+" from "Moderate", says Moody's.
SBI, ICICI Bank, HDFC Bank systemically important: RBI
The banking regulator had issued a framework for dealing with Domestic Systemically Important Banks (D-SIBs) in July 2014.
SBI share jumps 8% this week; here's what fuelled the rally
The board of SBI is scheduled to meet on January 3 to consider and approve a proposal to raise up to ₹10,000 crore through infrastructure bonds.
Axis Bank share hits record high on plan to raise ₹12,000 cr via bonds
The private lender plans to raise funds by issuing unsecured, rated, listed, subordinated, taxable, non-convertible, Basel III compliant Tier II bonds
Why PSU bank stocks are up despite weak market
Bank of Baroda, Bank of India, and Punjab & Sind Bank hit their respective 52-week highs after Morgan Stanley expressed optimism about public sector banks.
SBI to raise ₹10,000 cr via infra bonds
Fundraising also includes a greenshoe option of ₹5,000 cr. SBI stock rises to an intra-day high of ₹613.50.
SBI replaces RIL as most profitable company in Q2; stock hits all-time high
State Bank of India posted its highest ever standalone quarterly net profit at ₹13,265 crore in Q2 FY23, driven by strong loan growth and improved asset quality.
