Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says he does not think there is anything wrong with the results season so far. The bank stocks have been victims of FII selling who have been using the banking sector as a very liquid and large overweight or overweight to neutral stance which they … Read more
MUMBAI: For the first time, the banking sector‘s net profit crossed Rs 3 lakh crore in FY24. The net profit of listed public and private sector banks rose 39% to Rs 3.1 lakh crore from Rs 2.2 lakh crore in FY23.While public sector banks generated a record Rs 1.4 lakh crore in net profit during … Read more
DAVOS: India’s growth prospects are very good, and the country’s banking sector has seen a remarkable recovery, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday.Speaking at a session here, Das said there is a lot of international confidence in India and the macroeconomic and financial sector stability that the country offers.“…I think … Read more
Fixed Deposit Interest Rates 2024: Analysts predict that deposit rates in India will remain high for an extended period due to strong credit growth, tight liquidity, and fierce competition for funds. Both large and small banks have raised their term deposit rates to secure funds for meeting credit demands.Last week, State Bank of India (SBI) … Read more
Mumbai: Investors eyeing a thematic bet can add a banking and financial services fund to their portfolio taking advantage of the underperformance of the banking sector compared to the Nifty 50. Strong bank balance sheets, a fresh start to the credit cycle, and reasonable valuations compared with the broader market present an opportunity for investors … Read more
Mumbai: State Bank of India, which owns nearly a fifth of the country’s outstanding banking-sector credit, is tapping the overseas markets again to raise up to $750 million through bond sales being arranged by JP Morgan, BoFA Securities, Standard Chartered Bank and HSBC, two banking industry sources told ET. The bond sale, part of the … Read more