
Yes Bank: Good Q3 results signal consistency
The bank's decision to pay a higher interest on savings bank accounts than competition appears to have paid off as reflected in the 307% jump in savings bank accounts.
The bank's decision to pay a higher interest on savings bank accounts than competition appears to have paid off as reflected in the 307% jump in savings bank accounts.
Growth in net interest income came in at 17%, similar to the growth seen in September.
The bank reported a 31% rise in loan growth at Rs 42,426 crore while deposits grew 26% to Rs 51,098 crore compared with the year ago period.
Steel stocks have under performed the broader market through 2012. The BSE Metal Index has rise 21% compared with a 25 per cent rise in the Sensex.
Banking stocks may come off their highs as numbers reflecting their operational performance in the quarter to December, which will be out soon, are likely to indicate that the surge in the stocks may not be justified.
Stocks of Muthoot Finance and Manappuram Finance have gained as much as 10.2% and 20%, respectively, on Thursday as investors bet that 2013 will be better for gold lenders than 2012.
Of the 494 stocks that were found to penny stocks (i.e. trading below Rs 10) at the beginning of 2008, 115 logged gains over the next five years.
The stock of Amara Raja Batteries has more than doubled year to date, outperforming not only Exide Industries, but also most stocks in auto ancillary sector.
We did a very sensible thing by taking the decision to discharge liabilities on time and go and seek support from the manufacturers, says Ramesh Iyer.
Over the past 17 years Aditya Puri has proved to be a sharp and articulate banker by showing what technology can do to banking and has, in the process, built a world-class bank.
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