SBI Q4 Results: PAT jumps 24% YoY to Rs 20,698 crore, beats estimates
SBI Q4 Results: The Board has also recommended a dividend of Rs 13.70 per share. Interest earned during the reported quarter advanced 19% YoY to Rs 1,11,043 crore.
SBI Q4 Results: The Board has also recommended a dividend of Rs 13.70 per share. Interest earned during the reported quarter advanced 19% YoY to Rs 1,11,043 crore.
Canara Bank Q4 Results: The company's Board has also recommended a dividend of Rs 16.10 per share, 161% of face value each, for the financial year 2023-24
The 30-share BSE benchmark Sensex declined 384 points or 0.52% to settle at 73,512. The broader NSE Nifty dropped 140 points or 0.62% to end at 22,302. Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle East as Israel stepped up attacks in southern Gaza and a ceasefire deal between Hamas and Israel hung in the balance.
Saurabh Mukherjea maintains faith in HDFC Bank, Kotak Mahindra Bank, and Bajaj Finance despite challenges. Mukherjea says: "In HDFC Bank's case, the regulator suggested remedial measures, HDFC Bank implemented the remedial measures, and profit growth rebounded. I have no reason to believe that Bajaj and Kotak will find themselves in a different position."
PSU bank stocks, including Canara Bank, Punjab National Bank, and Bank of Baroda, plunged up to 6% due to RBI's draft circular proposing stricter project financing guidelines.
Global stock markets heaved a sigh of relief last night when the world's most powerful central banker Jerome Powell assured investors that it is unlikely for the US Federal Reserve to go for a rate hike. After the Dow Jones ended higher overnight, the Sensex was also up around 200 points this morning.
Bajaj Finance Shares Price: Bajaj Finance's shares soared 7.5% on BSE following RBI's decision to lift restrictions on key customer acquisition products. Analysts foresee positive outcomes with improved growth visibility and potential profit CAGR.
A total of 155,434 shares changed hands on the counter till 11:58AM (IST)
Federal Bank Q4 Results: The private lender has also announced a final dividend of Rs 1.20/share for the financial year 2023-24. On a year-on-year basis, the profit after tax (PAT) was marginally higher by 0.40% compared to Rs 902.60 crore reported in Q4FY23.
Federal Bank Q4 Results: The private lender has also announced a final dividend of Rs 1.20/share for the financial year 2023-24. On a year-on-year basis, the profit after tax (PAT) was marginally higher by 0.40% compared to Rs 902.60 crore reported in Q4FY23.
Can we expect the trends to reverse or a top has been made? This is what multiple experts tell ETMakets as they spell out their trading strategy.