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
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Soft opening seen for Sensex, Nifty; Airtel, SBI, BPCL, Paytm, IOB, Marico, Power Grid shares eyed
The Sensex and Nifty are poised to edge lower in the opening trade on Monday, following soft cues from Asian peers and muted trends on SGX Nifty Futures.
Banking stocks rise after RBI hikes repo rate by 50 bps; SBI, ICICI Bank lead
In the BSE Bankex space, ICICI Bank and SBI were top gainers, followed by Axis Bank, Federal Bank, Kotak Mahindra Bank, Bank of Baroda, and HDFC Bank among others.
Gap-up opening seen for Sensex, Nifty; SBI, ACC, YES Bank, Airtel, JSPL, Federal Bank shares eyed
The Sensex and Nifty are poised to open higher on Friday, tracking mixed from global peers and positive trends on SGX Nifty.
Income inequality dips since FY17; formalisation, Covid alter trend: SBI
India has done quite well during the pandemic in terms of navigating income shocks, says an SBI Research report.
ICICI Bank hikes interest rates on fixed deposits again
Deposits with maturity period ranging from one year to two years will fetch 5.35% interest as against 5.30% earlier.
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%.
SBI upgrades India’s GDP growth forecast to 7.5% in FY23
GDP projections subjected to “significant uncertainties”; RBI expected to raise repo rate by 50 bps and CRR by 25 bps in upcoming June policy, says SBI Research.
India’s Best Financiers
In the end, consistency across parameters emerges as the hallmark of the best in the business.
SBI share surges 4% post Q4; analysts see up to 51% upside
Post Q4 results, most analysts have maintained a 'buy' rating on SBI shares, with a potential upside of 51% from current market price.
