NPA provisioning for banks moderates in Q2 driven by PSBs

NPA provisioning for banks moderates in Q2 driven by PSBs

Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for non performing assets (NPA) fell by 2.9% to Rs 27,318.2 crore. For PSBs, it fell by 11.6% to … Read more

Is there more consolidation in store for HDFC Bank? Deepak Shenoy answers

Is there more consolidation in store for HDFC Bank? Deepak Shenoy answers

“I think that way there is a slight set of headwinds. But I feel given the criteria that RBI seems to be talking about from MFIs and from NBFCs that are lending to retail whether cutting down on usurious loans being made through say digital channels or something like that, there is a potential that … Read more

42 smallcap stocks offer double-digit returns in wobbly market week

42 smallcap stocks offer double-digit returns in wobbly market week

Sustained selling pressure from foreign investors, muted second quarter earnings expectations, and elevated valuations acted as headwinds for the market during the week as benchmark indices ended in the red. But, even in a muted market, 42 smallcap stocks have delivered double-digit weekly returns with five of them offering over 25% returns. Nalwa Sons Investment … Read more

Zomato shares may rally up to Rs 292 in near term: Anand James

Zomato shares may rally up to Rs 292 in near term: Anand James

Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more

Stocks in news: HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank

Stocks in news: HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank

Domestic markets experienced one of the best weeks in 2024 with Nifty and Sensex extending closing at record highs last week. In today’s trade, shares of HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank among others will be in focus due to news developments and first quarter results. HDFC Life, Jio Financial, HDFC AMC, … Read more

Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc

Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc

Indian markets opened at record highs but experienced some correction due to a lack of sustained buying on Tuesday. In today’s trade, shares of YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc due to various developments. DMartAvenue Supermarts, which operates DMart stores, reported a standalone revenue of Rs 13,712 crore for the quarter ended June … Read more

Expect 15-18% upside in Sun Pharma over medium to long term: Hemang Jani

Expect 15-18% upside in Sun Pharma over medium to long term: Hemang Jani

“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more

Kotak Bank shares plunge post Q2, new CEO & MD’s appointment. Should you buy, sell or hold?

Kotak Bank shares plunge post Q2, new CEO & MD’s appointment. Should you buy, sell or hold?

Shares of Kotak Mahindra Bank fell 2.6% to the day’s low of Rs 1,722.45 on the NSE on Monday amid downgrades and price target cuts by a clutch of top brokerages following the lender’s September quarter earnings and appointment of an external CEO & MD against expectations of an internal one. The stock was the … Read more

Kotak Bank gets RBI nod to appoint Ashok Vaswani as MD & CEO for 3 years

Kotak Bank gets RBI nod to appoint Ashok Vaswani as MD & CEO for 3 years

MUMBAI – The Reserve Bank of India has approved the appointment of Ashok Vaswani as the managing director and chief executive officer of Kotak Mahindra Bank for a period of three years from January 1, 2024. Vaswani has more than three decades of experience in the banking sector. He was Chief Executive Officer of Barclays … Read more

Banking and Financial Services players likely vanguards of next surge

Banking and Financial Services players likely vanguards of next surge

Mumbai: In the event of substantial selling pressure, especially in midcap and smallcap stocks, one can contemplate buying large-cap banking or finance stocks, which could minimize downside risks, according to analysts. Both the Nifty Bank and Nifty Financial Services indices have underperformed the broader Nifty index in six months. Stocks such as HDFC Bank, Kotak … Read more