Kotak Bank prepared to make more provisions if required
The bank's loan book under moratorium has fallen to 9.65% as of July 10 versus 26% previously. Most of the loans under moratorium are retail loans while from the corporate side its the SME loans which were under moratorium, the bank said.
Punjab National Bank shares drop 1.37% as Sensex rises
A total of 476,462 shares changed hands on the counter till 02:09PM (IST)
Bank of Baroda shares decline 0.96% as Sensex climbs
A total of 671,815 shares changed hands on the counter till 01:22PM (IST)
Dhanlaxmi Bank shares decline 5% after Q1 earnings
The bank on Monday posted a 69 per cent decline in its net profit at Rs 6.09 crore for the first quarter ended June 2020 due to higher provisioning.
Market Movers: InterGlobe, SpiceJet fly high, Nifty PSU Bank gains 3%
Here is a lowdown on what happened in Wednesday’s session.
RBL Bank Ltd. shares gain 1.66% as Sensex rises
A total of 680,871 shares changed hands on the counter till 11:38AM (IST)
HDFC Bank surges 5% as RBI approves appointment of the new CEO
A board meeting will also be convened in due course to approve his appointment.
YES Bank jumps 2% as Moody's upgrades lender's rating by a notch
Following the development, the stock rose 2.25 per cent to Rs 12.25 on BSE. The scrip had gained half-a-per cent in the previous session.
Trending stocks: ICICI Bank shares rise nearly 1%
Shares of ICICI Bank Ltd. traded 0.74 per cent up in trade at 10:06AM on Tuesday.
Trending stocks: IndusInd Bank shares down over 3%
Shares of IndusInd Bank Ltd. traded 3.17 per cent down in trade at 09:54AM on Tuesday.
Trending stocks: State Bank of India shares gain nearly 1%
Shares of State Bank of India traded 0.44 per cent up in trade at 09:45AM on Tuesday.
Share market update: Bank shares up; Axis Bank climbs 5%
The Nifty Bank index was trading 1.66 per cent up at 21747.1.
Trending stocks: YES Bank shares gain 2% in early trade
Shares of YES Bank Ltd. traded 2.0 per cent up in trade at 09:25AM on Tuesday.
Brokerages bullish on ICICI Bank after results
Several brokerages said that the bank is their preferred pick within the sector, and were enthused by strong 15% growth in pre-provision operating profit.
Yes Bank shares likely to fall as supply surges
The stock has declined 71 per cent so far this year and closed at Rs 13.65 on Friday. Analysts tracking the bank are bearish with FY21 likely to be a year of a loss even though the underlying structure and business strategy is changing.