Market trading volumes and liquidity are expected to rise on Friday due to "quadruple witching," the quarterly simultaneous expiration of U.S. options and futures contracts
Proforma NPA in Q3 stood at 4.18 per cent; retail NPA of 3.88 per cent is the highest among top 7 private peers
10-year government bond yield hardened to 6.23 per cent on Friday, up 0.05 per cent from 6.18 per cent on Thursday, February 25
Some large private banks, unlike mid-sized banks, were allowed to participate in the government's businesses even after the RBI restricted the private lenders' participation in 2012
The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels
The series of price-target upgrades continued for the sixth consecutive quarter for the state-owned lender as it reported a 7 per cent decline in net profit at Rs 5,196 crore for the December quarter
SBI, Indian Bank, Bank of Baroda, Canara Bank, Punjab National Bank and Bank of India were rallied between 25 per cent and 50 per cent in past one week.
The key monitorable, analysts said, will be downgrades to BBB and below list; outlook on asset quality; update on restructuring account; and business outlook
Analysts expect Public Sector Banks' net profit to plunge a massive 43 percent on year, and 71 per cent sequentially
Stock market updates: Nifty PSU Bank index surged over 6 per cent and was the top sectoral gainer
Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300
FPI flows from April last year show they have been betting on a revival in consumer demand to drive economic growth, revealed an analysis by Edelweiss Securities
With corporate asset quality cycle behind and Covid-19 impact fairly contained, analysts at Nomura think front-line banks will see faster-than-expected return on equity (ROE) recovery in 2021
Strong growth is expected to counter the likely asset quality issues
A 44 per cent surge since September 30 means a gauge of lenders is beating the benchmark S&P BSE Sensex by more than 20 percentage points this quarter - the most since 2009
After breaching the Rs 18 mark, the breakout should see a surge towards Rs 24 to Rs 23 range.
As Supreme Court vacates stay on NPA recognition, bad loans are set to spike; weak growth may also compound the problem
Equitas Holdings and IDFC were locked in the 20 per cent upper circuit at Rs 63.40 and Rs 40.10, respectively on the BSE
While questions remain, RBI panel's recommendations, if implemented, could result in structural changes for the sector
All that happened in the markets today