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Baroda BNP Paribas AMC announces change in key personnel Baroda BNP Paribas Asset Management Company (AMC) has announced addendum to the Statement of Additional Information (SAI) of Baroda BNP Paribas Mutual Fund. Baroda BNP Paribas Mutual Fund has informed that Jay Sheth has been appointed as Senior Credit Analyst & Fund Manager and designated as key personnel of AMC with effect from Thursday, August 17, 2023. Brief profile of Jay Sheth is as follows: Jay Sheth is 41 years old and his qualification is BE in Electronic s & Telecom and...
Baroda BNP Paribas AMC announces change in key personnel
Baroda BNP Paribas AMC announces change in key personnel
Source: Accord Fintech
22/08/2023 3:31:55 PM
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision Public sector banks are up in trade but private sector banks are down following RBI's decision to hike CRR provision to curb liquidity. Among private sector banks, Indusind Bank is top loser in Sensex, down 1.5 per cent. ICICI Bank, Axis Bank and HDFC Bank are also trading down. On the other hand, PSU banks are flying. Indian Overseas Bank is up more than 11 per cent, Central Bank of India is up more than 7 per cent, UCO Bank is up more than 5 per cent, Punjab and Sind Bank is up 4....
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision
Source: IANS
11/08/2023 2:09:29 PM
Nifty closed higher for 5th straight month in July The index oscillated 757 points before closing at 565 points (or 2.9 per cent) higher month on month at 19,754. The Nifty is up 9.1 per cent in the calendar year to date, a report by Motilal Oswal Financial Services said. Midcaps/Smallcaps outperformed largecaps by 2.6 per cent/5.1 per cent in July'23. Similarly, in CY23YTD, midcaps/smallcaps have outperform largecaps and both have risen 20 per cent vs. a 9 per cent rise for the Nifty. FIIs recorded inflows for the fifth consecutive...
Nifty closed higher for 5th straight month in July
Nifty closed higher for 5th straight month in July
Source: IANS
7/08/2023 2:11:30 PM
Enterprise skilling company Disprz raises $30 mn to expand footprint Enterprise skilling company Disprz on Monday said it has raised $30 million in its Series C funding round led by Lumos Capital Group and 360 ONE Asset  (IIFL). The round also saw participation from Kae Capital, KOIS and Dallas Venture Capital. The funds, said the firm, will be utilised for global market expansion and product development, including the integration of Generative AI across the learning and skilling cycle. “We have built one of the world’s early skill-based...
Enterprise skilling company Disprz raises $30 mn to expand footprint
Enterprise skilling company Disprz raises $30 mn to expand footprint
Source: IANS
7/08/2023 10:47:56 AM
State Bank of India's infra bond response likely to lure other lenders into tapping market- bankers Strong demand for infrastructure bonds sold by India's largest lender could push other banks to tap the market, as appetite from long-term investors shows confidence, merchant bankers said on Monday. Earlier in the day, the State Bank of India (SBI) accepted bids worth 100 billion rupees ($1.22 billion) for 15-year bonds at a coupon of 7.54%. The lender received bids worth around 217 billion rupees against a base of 50 billion rupees. This was in sharp contrast to SBI's perpetua...
State Bank of India's infra bond response likely to lure other lenders into tapping market- bankers
State Bank of India's infra bond response likely to lure other lenders into tapping market- bankers
Source: Reuters
31/07/2023 4:49:05 PM
Buy ICICI Bank Limited For Target Rs.1,240 - Yes Securities Relatively soft quarter but no structural red flags Result Highlights * Asset quality: Gross NPA additions amounted to Rs 53.18bn for the quarter, translating to an annualized slippage ratio of 2.0% in 1QFY24 * Margin picture: NIM at 4.78% was down -12 bps QoQ, with cost of deposits moving up faster than yield on advances * Asset growth: Advances grew 3.7%/18.1% QoQ/YoY driven sequentially by healthy growth in Retail, Business Banking and SME loans * Opex control: Total opex gr...
Buy ICICI Bank Limited For Target Rs.1,240 - Yes Securities
Buy ICICI Bank Limited For Target Rs.1,240 - Yes Securities
Source: Yes Securities
30/07/2023 1:05:52 PM
Buy ICICI Bank Ltd For Target Rs.1,150 - Motilal Oswal financial services Another solid quarter; RoE sustains at ~19% Robust growth across segments * ICICI Bank (ICICIBC) reported another strong quarter (RoA of 2.4%), led by robust loan growth, stable asset quality and a slight decline in margins. * Core PPoP grew 35% YoY, while NIMs moderated 12bp QoQ to 4.8%. Business growth was strong, with overall loans growing 18% YoY. * Asset quality remained broadly stable with PCR at 83%. The bank maintains a total contingency buffer of INR131b. * ICICIBC is ...
Buy ICICI Bank Ltd For Target Rs.1,150 - Motilal Oswal financial services
Buy ICICI Bank Ltd For Target Rs.1,150 - Motilal Oswal financial services
Source: Motilal Oswal Financial Services
30/07/2023 11:12:15 AM
Buy ICICI Bank Ltd For Target Rs.1,195 - LKP Securities Ltd Result and Price Analysis: Earnings in 1QFY24 re-acknowledge our conviction that ICICI Bank is maintaining a sustainable and prudent growth led by tech-driven initiatives. The bank has reported its 1QFY24 results with the key pointers being: 1) Strong NII growth of 38% YoY, with headline NIMs (Domestic: 4.88% & Overall: 4.78%) down sequentially led by higher COF. 2) PPoP growth higher sequentially driven by healthy NII and stable C/I (40.2%), 3) Reported slippages (?53bn v/s ?43bn in 1...
Buy ICICI Bank Ltd For Target Rs.1,195 - LKP Securities Ltd
Buy ICICI Bank Ltd For Target Rs.1,195 - LKP Securities Ltd
Source: LKP Securities Ltd
27/07/2023 2:34:17 PM
India's RBL Bank sees margins expanding above 5% for FY24 - CEO Indian private lender RBL Bank has the scope to expand its net interest margin (NIM) to above 5% in 2023-24, leaning on more low-cost deposits and a favourable loan book mix, its managing director and CEO told Reuters on Monday. "Our NIMs will not be less than what we already stand at currently," R Subramaniakumar said, adding that he sees margins in the 5.05% to 5.10% band for this year. In the April-June quarter, the Mumbai-based lender's NIM - a key gauge of banks' ...
India's RBL Bank sees margins expanding above 5% for FY24 - CEO
India's RBL Bank sees margins expanding above 5% for FY24 - CEO
Source: Reuters
25/07/2023 12:12:27 PM
Buy ICICI Bank Ltd For Target Rs.1,155 - JM Financial Institutional Securities Ltd ICICI Bank delivered another superlative performance on NIMs (4.78%, just -12bps QoQ) and growth (loans +18% YoY, deposits 18% YoY) delivering a PAT beat of 12% on our estimates (1QFY24 PAT at INR 96bn, +40% YoY). For 1QFY23, RoA stood at 2.4% with RoEs of 18.7%. Over the past 15months, ICICI Bank has benefitted meaningfully from its high floating rate portfolio (69% high floating rate book within the domestic loan mix) which has also coincided with its growing share of unsecured loans (13% i...
Buy ICICI Bank Ltd For Target Rs.1,155 - JM Financial Institutional Securities Ltd
Buy ICICI Bank Ltd For Target Rs.1,155 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
24/07/2023 12:12:31 PM
Near term market trend to be decided by Q1 results, Fed policy decision The near-term market trend will be influenced by a host of factors like the recent Q1 results, some major results expected this week and policy decisions like the US Federal Reserve meeting outcome on Wednesday, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Q1 results of RIL, though a tad disappointing on top and bottom line, are good when viewed from the perspective of the growth engines of the company -- Jio Infocom and Reliance Retail -- which are doin...
Near term market trend to be decided by Q1 results, Fed policy decision
Near term market trend to be decided by Q1 results, Fed policy decision
Source: IANS
24/07/2023 11:36:05 AM
ICICI Bank moves up on reporting 44% rise in Q1 consolidated net profit ICICI Bank is currently trading at Rs. 1003.40, up by 6.70 points or 0.67% from its previous closing of Rs. 996.70 on the BSE. The scrip opened at Rs. 1008.00 and has touched a high and low of Rs. 1008.00 and Rs. 992.10 respectively. So far 113154 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1008.00 on 24-Jul-2023 and a 52 week low of Rs. 787.00 on 22-Jul-2022. Last one week high and low of the scrip stood at...
ICICI Bank moves up on reporting 44% rise in Q1 consolidated net profit
ICICI Bank moves up on reporting 44% rise in Q1 consolidated net profit
Source: Accord Fintech
24/07/2023 11:30:44 AM
India`s ICICI Bank beats estimates with record April-June net profit ICICI Bank beat first-quarter expectations on Saturday as higher interest income and loan growth helped deliver a record net profit for India's second-largest private lender.Net profit rose 39.7% to 96.48 billion Indian rupees ($1.18 billion) for the April-June quarter, beating the 91.8 billion rupees expected by analysts Refinitiv IBES data showed. Net interest income - the difference between interest earned and paid - rose 38% to 182.27 billion rupees as ICICI's net interest margin ...
India`s ICICI Bank beats estimates with record April-June net profit
India`s ICICI Bank beats estimates with record April-June net profit
Source: Reuters
22/07/2023 5:46:52 PM
Sensex moving towards 67K milestone BSE Sensex is moving towards another milestone of 67,000 points mark. On Tuesday, Sensex was up 360 points at 66,960 points. Among the Sensex stocks, Infosys, ICICI Bank, Reliance are up by more than 1 per cent. On the other hand, Titan and Tata Motors are down by more than 1 per cent. Since the market has run up too much, too fast, a correction can happen at any time, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Some profit booking at the prese...
Sensex moving towards 67K milestone
Sensex moving towards 67K milestone
Source: IANS
18/07/2023 12:42:24 PM
India`s Reliance spin-off Jio Financial Services worth 160-190 rupees/share -analysts The financial services business of India's Reliance Industries will be valued at 160-190 rupees per share, according to estimates by five analysts, with the impending demerger boosting the stock price of the country's most valuable company. Reliance Strategic Investments Ltd - to be renamed Jio Financial Services (JFS) Ltd - will be demerged on July 20, with Reliance shareholders getting one JFS share in addition to each Reliance share they hold. Axis Securities, on Monday, reco...
India`s Reliance spin-off Jio Financial Services worth 160-190 rupees/share -analysts
India`s Reliance spin-off Jio Financial Services worth 160-190 rupees/share -analysts
Source: Reuters
18/07/2023 10:59:14 AM
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank Eighteen of India's 20 largest banks saw increases in market capitalization in the second quarter, boosted by a stock rally amid the banking sector's strong recovery, according to S&P Global Market Intelligence data and analysis. Nine banks reported double-digit percentage gains in market capitalization, led by IDFC First Bank Ltd. with a 44.53% climb to $6.41 billion. The lender rose to No. 11 from No. 14 in the ranking. IDBI Bank Ltd. climbed three spots to No. 8 after a 2...
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Source: IANS
13/07/2023 4:40:40 PM
Two Bangladesh banks to offer trade transactions in Indian rupees Two Bangladeshi banks including the largest state-owned lender plan to introduce trade transactions in Indian rupees, officials said, as the South Asian nation looks to build up its shrinking foreign exchange reserves. Until now, Bangladesh has only carried out trade transactions in dollars. State-owned Sonali Bank and Eastern Bank have opened "nostro" accounts in rupees with State Bank of India and ICICI Bank, officials from both banks said. A nostro account refers to an a...
Two Bangladesh banks to offer trade transactions in Indian rupees
Two Bangladesh banks to offer trade transactions in Indian rupees
Source: Reuters
7/07/2023 6:23:24 PM
`Valuation gap between ICICI Bank and HDFC Bank may not widen in short run` The valuation gap between the two major private sector banks – HDFC Bank (post merger of HDFC Ltd) and the ICICI Bank Ltd - may not widen in the short run, said an analyst with LKP Securities. “Post merger of HDFC and HDFC Bank, we believe, the valuation re-rerating will be delayed factoring margin squeeze,” Ajit Kabi, Banking Analyst at LKP Securities said. "The impact on the return profile will be keenly watched in the coming period. Hence, in the short run, we ...
`Valuation gap between ICICI Bank and HDFC Bank may not widen in short run`
`Valuation gap between ICICI Bank and HDFC Bank may not widen in short run`
Source: IANS
4/07/2023 10:28:11 AM
ICICI Bank to delist broking arm in $622 million shareswap deal  Indian private lender ICICI Bank said on Thursday it will delist its broking arm ICICI Securities in a shareswap deal worth about 51 billion rupees ($621.8 million). The deal will end ICICI Securities' five-year run as a separately listed company which, as of last week, had seen its stock float barely above its IPO issue price of 520 rupees. ICICI Bank will buy a 25.15% stake in ICICI Securities held by public shareholders by allotting 67 shares of the bank for every 100 share...
ICICI Bank to delist broking arm in $622 million shareswap deal
ICICI Bank to delist broking arm in $622 million shareswap deal
Source: Reuters
29/06/2023 5:07:44 PM
India's ICICI Securities jumps on plans to delist by share-swap with ICICI Bank India's ICICI Securities jumped 15% in heavy trading on Monday on plans to delist from the stock exchange, likely by swapping its shares with those of parent ICICI Bank, which have outperformed those of the brokerage. While neither company's statement mentioned a share swap, they said their boards will consider a delisting proposal pursuant to a regulation requiring the parent company to "provide for the issue of its equity shares in lieu of cancellation of any equity shares i...
India's ICICI Securities jumps on plans to delist by share-swap with ICICI Bank
India's ICICI Securities jumps on plans to delist by share-swap with ICICI Bank
Source: IANS
26/06/2023 9:48:03 AM
Reliance Industries tops India Inc in Forbes Global 2000 list for 2023 Reliance Industries Limited, the country's largest corporate by revenues, profits and market value, continued to top Indian corporates in the 2023 edition of The Global 2000 published by Forbes. Reliance Industries was placed at number 45 in the overall ranking of 2000 global corporates ahead of well-known names like Germany's BMW Group, Switzerland's Nestle, China's Alibaba Group, the US's Procter & Gamble and Japan's Sony. Reliance Industries improved its r...
Reliance Industries tops India Inc in Forbes Global 2000 list for 2023
Reliance Industries tops India Inc in Forbes Global 2000 list for 2023
Source: IANS
13/06/2023 3:11:26 PM
India's Yes Bank aims to expand margins by 100 bps in next 3 years - MD  India's Yes Bank sees scope to expand its net interest margin by 100 basis points over the next three years by raising more low-cost deposits and lending to higher-yield clients, its managing director and CEO told Reuters on Wednesday. The push to improve net interest margins (NIM), together with lower loan-loss provisions, is part of an effort to boost profitability at the lender, which was rescued by a consortium of state-owned entities and private banks in 2020 after a dramati...
India's Yes Bank aims to expand margins by 100 bps in next 3 years - MD
India's Yes Bank aims to expand margins by 100 bps in next 3 years - MD
Source: Reuters
7/06/2023 5:35:54 PM
Myntra's EORS-18 goes live on June 1, offering 20 lakh styles across over 6,000 brands Myntra, one of India's leading fashion, beauty and lifestyle destinations, said on Tuesday it is on track to welcome 15 million new users from non-metros on the app as the 18th edition of Myntra's biannual End of Reason Sale (EORS) is all set to enthrall millions in the country, from June 1, with more than 20 lakh fashion, beauty and lifestyle products from over 6,000 leading international, domestic and D2C brands. The company is geared to handle 9 lakh concurrent users at peak. My...
Myntra's EORS-18 goes live on June 1, offering 20 lakh styles across over 6,000 brands
Myntra's EORS-18 goes live on June 1, offering 20 lakh styles across over 6,000 brands
Source: IANS
30/05/2023 2:55:52 PM
ICICI Bank rises on getting nod to increase shareholding in ICICI Lombard General Insurance ICICI Bank is currently trading at Rs. 951.95, up by 1.40 points or 0.15% from its previous closing of Rs. 950.55 on the BSE. The scrip opened at Rs. 952.30 and has touched a high and low of Rs. 957.75 and Rs. 950.85 respectively. So far 60639 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 670.35 on 17-Jun-2022. Last one week high and low of the scrip stood at Rs. ...
ICICI Bank rises on getting nod to increase shareholding in ICICI Lombard General Insurance
ICICI Bank rises on getting nod to increase shareholding in ICICI Lombard General Insurance
Source: Accord Fintech
29/05/2023 12:30:10 PM
India`s ICICI Lombard jumps as ICICI Bank approves raising stake Shares of ICICI Lombard General Insurance Co Ltd rose as much as 14.2% on Monday, a day after ICICI Bank Ltd's board approved raising its stake in the company by 4% in multiple tranches. ICICI Bank holds 48.02% stake in the company as of March 31, 2023, and plans to acquire at least 2.5% of the 4% before September 9, 2024, it said in an exchange filing late on Sunday. Earlier in March, the Reserve Bank of India extended ICICI Bank's deadline for reducing its holdings in ICICI Lo...
India`s ICICI Lombard jumps as ICICI Bank approves raising stake
India`s ICICI Lombard jumps as ICICI Bank approves raising stake
Source: Reuters
29/05/2023 10:38:46 AM
Myntra's EORS 18 set to go live on June 1 with 2.1 mn fashion, beauty & lifestyle products Myntra, one of India's leading fashion, beauty and lifestyle destinations, said on Thursday that it is set to host the 18th edition of its flagship fashion extravaganza 'EORS' (End of Reason Sale) from June 1, with Early Access starting from May 31 for Myntra Insiders, members of its loyalty programme. The fashion carnival will be a mega bonanza for shoppers of fashion, beauty and lifestyle, where millions of users from across metro, tier 1/2 cities and towns and beyond can exp...
Myntra's EORS 18 set to go live on June 1 with 2.1 mn fashion, beauty & lifestyle products
Myntra's EORS 18 set to go live on June 1 with 2.1 mn fashion, beauty & lifestyle products
Source: IANS
26/05/2023 8:47:44 AM
TVS Capital Funds elevates Gaurav Sekhri to Partner TVS Capital Funds, one of the largest rupee capital growth equity funds, has promoted Gaurav Sekhri to the role of Partner as part of its ongoing efforts to institutionalise its operations. In the six years that Sekhri has been with TVS Capital Funds, he has led the B2B services vertical and has spearheaded investments in LEAP India, Digit Insurance, and Increff. Sekhri brings with him a wealth of experience in private equity and public market investments, having worked with companies such as...
TVS Capital Funds elevates Gaurav Sekhri to Partner
TVS Capital Funds elevates Gaurav Sekhri to Partner
Source: PR Agency
22/05/2023 12:21:45 PM
BharatPe appoints Sandeep Indurkar as CBO-Banking & Alliances Fintech platform BharatPe on Thursday announced the appointment of Sandeep Indurkar as its Chief Business Officer - Banking and Alliances. He will lead the P&L for BharatSwipe, the company's POS business as well as the rollout of BharatPe Speaker across markets, plus he will be leading the partnership with Unity Bank as well as the NBFC partners of BharatPe. "I look forward to strengthening the market for BharatSwipe and Speaker. Also, I look forward to fostering the right ...
BharatPe appoints Sandeep Indurkar as CBO-Banking & Alliances
BharatPe appoints Sandeep Indurkar as CBO-Banking & Alliances
Source: IANS
18/05/2023 2:17:00 PM
ICICI Bank trades higher on the BSE ICICI Bank is currently trading at Rs. 936.50, up by 15.25 points or 1.66% from its previous closing of Rs. 921.25 on the BSE. The scrip opened at Rs. 925.30 and has touched a high and low of Rs. 942.40 and Rs. 924.50 respectively. So far 116197 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 670.35 on 17-Jun-2022. Last one week high and low of the scrip stood at Rs...
ICICI Bank trades higher on the BSE
ICICI Bank trades higher on the BSE
Source: Accord Fintech
5/05/2023 11:50:06 AM
While most global equity markets are rising 5-20% in 2023, India is flat The Nifty, after a weak run in the last four months, bounced back in April with 4.1 per cent MoM gain, Motilal Oswal Financial Services said in a report. Notably, the index was extremely volatile and swung around 776 points before closing 705 points higher. Nifty50 has been underperforming the emerging markets and the world indices in CY23YTD amid varied global macro headwinds viz., inflation, interest rates, and currency, the report said. While most of the global equity markets are ris...
While most global equity markets are rising 5-20% in 2023, India is flat
While most global equity markets are rising 5-20% in 2023, India is flat
Source: IANS
3/05/2023 11:35:24 AM
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals Merchant commerce omni-channel platform Pine Labs on Tuesday announced the acceptance of digital rupee on its point of sale (PoS) terminals in partnership with ICICI Bank. To begin with, Pine Labs will accept e-rupee across key retail outlets in Mumbai and Bengaluru via dynamic QR, built within its smart Android PoS terminals. "Central bank digital currency (CBDC) and digital rupee opens up exciting opportunities. Pine Labs is happy to partner with ICICI Bank in launching CBDC as a...
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals
Source: IANS
2/05/2023 12:55:40 PM
IIM Kashipur Confers 344 MBA Graduates at the 10th Convocation IIM Kashipur hosted its 10 th Convocation for its flagship Two-Year MBA (batch of 2021- 2023), MBA Analytics, Executive MBA, and Doctoral students at the campus. The institute conferred a total of 353 students with degrees, including 9 Doctoral scholars and 344 MBA Graduates (260 Two-Year MBA students, 58 MBA (Analytics) students, and 26 Executive MBA students). 07 students were conferred with the Institute’ Medals for best Academic performance and 01 student with best all-round perf...
IIM Kashipur Confers 344 MBA Graduates at the 10th Convocation
IIM Kashipur Confers 344 MBA Graduates at the 10th Convocation
Source: PR Agency
2/05/2023 11:27:17 AM
Buy ICICI Bank Ltd For Target Rs.1,250 - Emkay Global Financial Services   * For Q4FY2023, ICICI Bank has yet again reported healthy earnings beat at Rs91.2bn (our estimate of Rs88bn)/2.3% RoA, led by continued superior margin delivery and contained credit cost. ICICI continues to scale up its contingency buffer (Rs16bn in Q4, taking it to Rs131bn/1.3% of loans) despite no visible asset-quality deterioration and, thus, we believe this seems to be an earnings-normalization strategy. * Credit growth was healthy at 19% YoY/5% QoQ in Q4FY23, with retail gro...
Buy ICICI Bank Ltd For Target Rs.1,250 - Emkay Global Financial Services
Buy ICICI Bank Ltd For Target Rs.1,250 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2/05/2023 10:55:39 AM
Buy ICICI Bank Ltd For Target Rs.1,115 - JM Financial Institutional Securities Yet another stellar quarter ICICI Bank continues to benefit from interest rate tailwinds with 4QFY23 NIMs hitting elevated levels of 4.9%. PAT grew 30% YoY to INR 91.2bn vs est of INR 89bn, driven by strong NII momentum and continued low credit costs. Loan growth stood at 19% YoY (5% QoQ) and deposit growth while soft on a YoY basis (at 11%) sequentially picked up to 5% QoQ. While NIMs could remain strong in the near-term, we expect moderation as gradual uptick in cost of deposits catches ...
Buy ICICI Bank Ltd For Target Rs.1,115 - JM Financial Institutional Securities
Buy ICICI Bank Ltd For Target Rs.1,115 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
24/04/2023 12:48:38 PM
Buy ICICI Bank Ltd For Target Rs.1,058 - LKP Securities Ltd Result and Price Analysis Earnings in 4QFY23 re-acknowledge our conviction that ICICI Bank is maintaining a sustainable and prudent growth led by tech-driven initiatives. The bank has reported its 4QFY23 results with the key pointers being: 1) Strong NII growth of 40.2% YoY, with headline NIMs (Domestic: 5.02% & Overall: 4.90%) up sequentially led by higher proportion of EBLR loans. 2) PPoP growth higher sequentially driven by healthy NII and stable C/I (39.2%), 3) Reported slippages (...
Buy ICICI Bank Ltd For Target Rs.1,058 - LKP Securities Ltd
Buy ICICI Bank Ltd For Target Rs.1,058 - LKP Securities Ltd
Source: LKP Securities Ltd
24/04/2023 11:58:42 AM
ICICI Bank jumps on reporting 28% rise in Q4 consolidated net profit ICICI Bank is currently trading at Rs. 897.50, up by 13.30 points or 1.50% from its previous closing of Rs. 884.20 on the BSE. The scrip opened at Rs. 905.00 and has touched a high and low of Rs. 906.75 and Rs. 895.00 respectively. So far 248011 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 670.35 on 17-Jun-2022. Last one week high and low of the scrip stood at Rs...
ICICI Bank jumps on reporting 28% rise in Q4 consolidated net profit
ICICI Bank jumps on reporting 28% rise in Q4 consolidated net profit
Source: Accord Fintech
24/04/2023 11:54:31 AM
India`s ICICI Bank posts 30% jump in Q4 net profit India's ICICI Bank on Saturday reported a near 30% increase in fourth-quarter net profit helped by improved net interest income and growth in loans. Standalone net profit rose to 91.22 billion Indian rupees ($1.11 billion) from 70.19 billion a year earlier. That topped the 90.41 billion forecast by analysts, Refinitiv Eikon data showed. Net interest income, the difference between interest earned and paid, rose 40.2% to 176.67 billion rupees while the private lender's net inte...
India`s ICICI Bank posts 30% jump in Q4 net profit
India`s ICICI Bank posts 30% jump in Q4 net profit
Source: Reuters
22/04/2023 5:18:06 PM
ICICI Bank rises on the BSE ICICI Bank is currently trading at Rs. 886.45, up by 3.85 points or 0.44% from its previous closing of Rs. 882.60 on the BSE. The scrip opened at Rs. 881.55 and has touched a high and low of Rs. 886.95 and Rs. 880.60 respectively. So far 156911 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 670.35 on 17-Jun-2022. Last one week high and low of the scrip stood at Rs....
ICICI Bank rises on the BSE
ICICI Bank rises on the BSE
Source: Accord Fintech
12/04/2023 12:35:30 PM
Weekly Tech Picks: Bharat Electronics Ltd, ICICI Bank Ltd & JK Lakshmi Cement Ltd By Axis Securities Bharat Electronics Ltd • BEL on the weekly chart has decisively broken out above the medium term “Falling Channel” at 96 with strong bullish candle indicating a positive bias. • The breakout is accompanied with an increase in volume confirming participation at breakout level • Stock holds above 50% Fibonacci 31 March, 2023• Stock holds above 50% Fibonacci Retracement of a rally from 62-114 placed at 88 forming a medium term support zone. • The ...
Weekly Tech Picks: Bharat Electronics Ltd, ICICI Bank Ltd & JK Lakshmi Cement Ltd By Axis Securities
Weekly Tech Picks: Bharat Electronics Ltd, ICICI Bank Ltd & JK Lakshmi Cement Ltd By Axis Securities
Source: Axis Securities Ltd
3/04/2023 11:43:23 AM
India`s Yes Bank drops as three-year share lock-in period ends  Shares of India's Yes Bank Ltd fell as much as 12.7% to a seven-month low on Monday at the end of a three-year lock-in period that barred investors from selling stock they had acquired as part of the lender's restructuring. The Reserve Bank of India (RBI) had required Yes Bank's shareholders, which includes the State Bank of India (SBI) and other private lenders, to hold on to 75% of the shares acquired as part of the restructuring in March 2020. Yes Bank shares have f...
India`s Yes Bank drops as three-year share lock-in period ends
India`s Yes Bank drops as three-year share lock-in period ends
Source: Reuters
13/03/2023 12:47:04 PM
ICICI Bank inches up on the BSE ICICI Bank is currently trading at Rs. 843.95, up by 1.15 points or 0.14% from its previous closing of Rs. 842.80 on the BSE. The scrip opened at Rs. 840.00 and has touched a high and low of Rs. 855.00 and Rs. 839.50 respectively. So far 191641 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 670.35 on 17-Jun-2022. Last one week high and low of the scrip stood at Rs....
ICICI Bank inches up on the BSE
ICICI Bank inches up on the BSE
Source: Accord Fintech
13/03/2023 12:31:12 PM
Buy ICICI Bank Ltd For Target Rs.895 - Religare Broking ICICI Bank Ltd * ICICIBANK has been witnessing gradual recovery in the line with other banking majors. * It is holding strongly above the support zone of long term moving average i.e. 200 EMA. * The buoyancy in the banking index combined with the chart pattern is pointing towards a steady up move. * We thus suggest initiating fresh longs as per the mentioned levels.   Buy ICICI Bank Ltd @ BUY CMP 868.55; Range 860-865; SL8 48; Target 895 ...
Buy ICICI Bank Ltd For Target Rs.895 - Religare Broking
Buy ICICI Bank Ltd For Target Rs.895 - Religare Broking
Source: Religare Broking Ltd
6/03/2023 10:47:19 AM
ICICI Bank gains on launching digital solutions for participants of capital market ICICI Bank is currently trading at Rs. 865.45, up by 11.50 points or 1.35% from its previous closing of Rs. 853.95 on the BSE. The scrip opened at Rs. 855.05 and has touched a high and low of Rs. 866.20 and Rs. 849.85 respectively. So far 81560 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022. Last one week high and low of the scrip stood at Rs....
ICICI Bank gains on launching digital solutions for participants of capital market
ICICI Bank gains on launching digital solutions for participants of capital market
Source: Accord Fintech
3/03/2023 12:12:44 PM
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources State Bank of India may look to lower its stake in Yes Bank after a lock-in period ends on March 6, which was put in place by the central bank as a part of the lender's restructuring, two sources told. SBI, India's largest bank, does not want to permanently retain a stake in Yes Bank and would want to trim its holdings, albeit in phases, one of the sources told Reuters on condition of anonymity. "The percentage of equity dilution that the bank intends to do will have to be ...
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources
Source: Reuters
2/03/2023 5:21:30 PM
Axis Bank enables settlement of cross border transaction in real-time through the UPI network * Providing a real-time and cost-effective cross-border payment solution between India and Singapore * Axis Bank will currently settle transactions to beneficiaries holding an account with or are registered on the UPI App of SBI, IOB, Indian Bank, ICICI, DBS, and Axis Bank   Axis Bank, India’s third largest private sector bank, has successfully enabled cross-border transactions in real-time via the UPI Network. This initiative is a part of the joint initiative between the ...
Axis Bank enables settlement of cross border transaction in real-time through the UPI network
Axis Bank enables settlement of cross border transaction in real-time through the UPI network
Source: PR Agency
22/02/2023 12:03:12 PM
PM Narendra Modi, Singapore PM witness launch of payment interface linkage Prime Minister Narendra Modi and his Singaporean counterpart Lee Hsien Loong on Tuesday witnessed the launch of a cross-border linkage between the two nations using their respective fast payment systems namely Unified Payments Interface (UPI) and PayNow. The facility was launched through token transactions by Reserve Bank of India (RBI) governor Shaktikanta Das and Managing Director of Monetary Authority of Singapore (MAS), Ravi Menon using the UPI-PayNow linkage. The UPI-PayNow linkage...
PM Narendra Modi, Singapore PM witness launch of payment interface linkage
PM Narendra Modi, Singapore PM witness launch of payment interface linkage
Source: IANS
21/02/2023 2:06:15 PM
Margin recovery highlight of Q3 results: ICICI Securities The highlight of the third quarter results for FY23 is the recovery of margins by the corporate sector, said ICICI Securities in a report. According to the report, Nifty operating margins (ex-financials) rose 230 basis points (bps) QoQ to 17 per cent, primarily led by savings realised from lower raw material costs as gross margin expanded 230 bps QoQ. "This is post a low of 14.7 per cent margin recorded in the last quarter i.e. Q2FY23. On an aggregate basis (ex-financials), the Nif...
Margin recovery highlight of Q3 results: ICICI Securities
Margin recovery highlight of Q3 results: ICICI Securities
Source: IANS
21/02/2023 9:19:31 AM
Government to meet bank heads to discuss emergency credit line guarantee scheme The government has called a meeting of public sector banks' heads as well as those of four private sector banks, namely HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank, on February 22 to review the emergency credit line guarantee scheme (ECLGS), official sources said. The meeting would discuss the possibilities of using the schemes to help businesses impacted by the Coronavirus pandemic, the sources said. To ensure that the ECLGS is helpful for such businesses, the meeting ...
Government to meet bank heads to discuss emergency credit line guarantee scheme
Government to meet bank heads to discuss emergency credit line guarantee scheme
Source: IANS
20/02/2023 9:25:13 AM