Nirmala Sitharaman lauds SBI for driving India’s banking revolution
FM says SBI has played a big role in taking banking to ordinary citizens in far-flung areas
banking industry
November 2024
October 2024
September 2024
July 2024
HDFC Bank's board approves ₹12,500 cr IPO for HDB Financial; stock up 3% on steady Q2
HDB Financial Services is expected to raise ₹12,500 cr via IPO, including fresh equities worth ₹2,500 cr and OFS of shares worth ₹10,000 cr by parent HDFC Bank.
SBI plans to hire 10,000 in FY25; here’s how stock reacts
State Bank of India reportedly plans to hire 10,000 new employees and open 600 branches during the current financial year to improve its operations.
SBI raises ₹15,000 cr via Basel III bonds in a month
In less than a month, State Bank of India raised a total of ₹15,000 crore through issuance of Tier-2 bonds in two equal tranches.
Axis Bank shares nosedive 7% post Q1; tumble 11% in five sessions
Axis Bank’s Q1 earnings missed estimates, due to higher credit costs as well as higher slippages, which pushed GNPA higher.
Bank Nifty extends fall for 2nd day; SBI, HDFC, Axis, ICICI Bank down up to 2%
10 out of 12 Nifty bank stocks were trading lower, barring Federal Bank and AU Small Finance Bank.
NBFCs Set For Bigger Play
Despite hiccups such as IL&FS crisis and increase in risk weights, non-banking financial companies continue to make their presence felt.
The Banking Scorecard
The combined profit of listed public and private sector banks surged 39% to ₹3.1 lakh crore in FY24, compared with ₹2.2 lakh crore in FY23.
HDFC Bank shares drop 4% post Q1 biz update
The lender’s gross advances grew 52.6% YoY to ₹24.87 lakh crore in Q1 FY25, but dropped 0.8% QoQ; total deposits rose 24.4% YoY and flat QoQ to ₹23.79 lakh crore.
Why HDFC Bank shares are rising for three sessions
The share price of HDFC Bank rallied 3.5% to touch a fresh 52-week high of ₹1,791.90 on the BSE today.
