Stock market update: Nifty PSU Bank index falls 1%; Canara Bank sheds 2%
The index was trading 1.18 per cent down at 1283.8.
Stock market update: Bank stocks fall; SBI down 1%
The Nifty Bank index was trading 0.55 per cent down at 23744.1.
LIC keen to divest its stake in IDBI Bank: Report
Life Insurance Corporation had a 51 per cent stake in the bank as of September 30, while the government had 47.11 per cent.
F&O: Nifty50 continues bullish setup, but rising VIX is a worry
India VIX moved up 3.99 per cent from 21.82 to 22.69 levels. It needs to cool down below 19 mark for the market to stabilise but volatility may rise ahead of the US election.
Canara Bank to raise Rs 2,000 crore via QIP
A senior bank official confirmed that the bank has started the process to raise money from the market. ICICI Securities, JM Financial, SBI Capital Markets and Axis Capital are bankers to the issue. Individual investment bankers could not be contacted immediately for comment.
What will the new face of banking look like
While most banks have gone slow or halted adding new branches, the largest lender SBI is expected to hire more than 11,000 such business correspondents this year.
Stock market update: Nifty Bank index up 1%; Bandhan Bank climbs 4%
The index was trading 1.1 per cent up at 22616.95.
Banks can rejig realty loans based on project, not realtor
The Reserve Bank of India (RBI) has permitted banks to restructure loans to real estate companies on the basis of the project rather than the developer. It has also indicated that banks can restructure loans drawn by a borrower during the current fiscal, provided the account was classified as ‘standard’ (not overdue for more than 30 days) as on March 1, 2020.
F&O play on Bank Nifty as index eyes 25,000
The maximum gain is 555 and happens at 24,500 and 25,000. Above 25,000, the profit reduces steadily until 25,555, the breakeven point above which unlimited loss begins.
Day Trading Guide: Nifty has immediate support at 11,700 level
Bank Nifty reclaimed 24,200. Appearance of two bullish candles suggests crucial support near the 23200-23000 zone, which is likely to be held from a near term perspective.
Global regulators eye 'actions' to ease capital burden on banks
Banks complain of having to "ring fence" large amounts of capital and liquidity at every foreign branch because local regulators don't trust the lender's home authority in a crisis to free up capital being held at group level.
Stock market news: Karnataka Bank shares climb nearly 4%
Shares of Karnataka Bank Ltd. traded 3.69 per cent up in trade at 11:46AM on Wednesday.
Robust growth at HDFC Bank makes brokerages bullish
“The initial update appears quite strong on growth against the backdrop of a gradual pickup in macro following the Covid-19 outbreak: The bank continues to gain market share, both in loans and deposits,” said Morgan Stanley.
Stocks to watch: Infosys, Karnataka Bank, Apollo Hospitals & more
Here are the top stocks that are likely to be in focus in today's trading.Stocks to watch: Infosys, Karnataka Bank, Apollo Hospitals & more
Stocks to watch: Tata Motors, HDFC Bank and more
Here are the top stocks that are likely to be in focus in today's trading.Stocks to watch: Tata Motors, HDFC Bank and more