Mumbai: HDFC Bank‘s stellar first-quarter earnings – supported by healthy loan growth and margins, and strong asset quality – saw a number of brokerages reiterate their bullish recommendations on the stock that has the potential to deliver 25% returns given the attractive valuations. Shares of India’s largest private lender closed at Rs 1,678 Tuesday, little … Read more
Private sector lender YES Bank today reported 80.66% on-year drop in its standalone December quarter net profit at Rs 51.52 crore due to ageing related provisions. Its net interest income improved 11.7% YoY at Rs 1,971 crore in Q3. Its net interest margin (NIM) in Q3 stood at 2.5% up nearly 10 bps YoY and … Read more
The deals are happening at Rs 14,200 – Rs 14,300 apiece valuing HDFC Securities upward of Rs 22,000 crore. Synopsis This is after the private lender firmed up plans for its brokerage house to create its own discount broking architecture to compete with new-age firms like Zerodha. The unlisted shares have doubled in the last … Read more
NEW DELHI: HDFC Bank‘s asset quality was strong at the end of September quarter. The private lender made lesser provisions for the quarter compared with June quarter and beat Street estimates on the bottom line front. A pre-provision profit growth of 18 per cent was healthy; so were growth in deposits and advances. Here are … Read more
Mumbai: Private lender ICICI Bank said its board has approved plans to raise Rs 15,000 crore through a share sale. The lender said that its board has approved such fundraising in one or more tranches, through means such as private placement, preferential issue, qualified institutions placement, follow-on public offering or a combination thereof. Over the … Read more