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federal bank rebounds from 52-week low post q1 results; stock up 13%




federal bank has moved higher by 13% to rs 83.90 on the bse in noon deal after the private sector lender said its assets quality in june quarter (q1fy19) remain stable as compared to march quarter. the stock rebounds 14% from its 52-week low of rs 73.60, touched on the bse in early morning trade, be...



despite marginal blip in q3, federal bank stock preferable to its peers




mid-sized banks have in the past year caught substantial investor attention, because of the benign valuations and improving performance metrics. among them, federal bank emerged as the preferred mid-cap banking stock. the bank’s robust leadership, ability to retain its dominance on home ground (ke...



derivatives strategy on federal bank by hdfc securities




derivatives call on federal bank futures by nandish shah, technical & derivatives analyst, hdfc securities: buy federal bank june 77.5 put at rs 2.50stop loss of rs 1.70target rs 4 rationale: we have seen short positions being built in federal bank futures today where, we have seen sharp rise in ope...



icici bank to probe ceo's role post whistle-blower complaint; stock up 4%




the enquiry will be headed by an “independent and credible person”, the bank said in a filing to the stock exchanges. "according to reports, chanda kochhar has been asked to go on an indefinate leave. this gives room for a fair and just enquiry into the allegations. that apart, the process of fi...



psbs under pressure; pnb, syndicate, allahabad bank, obc hit 52-week low




shares of public sector banks (psbs) were under pressure, falling upto 12% in early morning trade of the national stock exchange (nse) after most these banks reported weak set of numbers for the quarter ended march 2018 (q4fy18). total nine psbs- allahabad bank, bank of maharashtra, corporation bank...



axis bank hits 52-week high post q3 results




axis bank has moved higher to its 52-week high of rs 621, up 5% on bse in afternoon deal, after the bank reported improved assets quality in october-december 2017 quarter (q3fy18) sequentially. “the bank’s gross non-performing assets ratio (nnpa) reduced quarter on quarter (qoq) from 5.90% to 5....



psu bank index hits 52-week high; market-cap up by rs 1.1 lakh crore




nifty psu bank index hit a 52-week high of 3,980, surging 29% in intra-day trade on the national stock exchange (nse) on strong rally in state-owned banks after the government cleared rs 2.11 lakh crore bank recapitalisation plan.the psu bank index recorded its sharpest single day gain, was trading ...



fraud-hit pnb posts biggest ever quarterly loss of rs 134.17 billion in q4




scam-hit punjab national bank’s (pnb’s) loss in the fourth quarter of 2017-18 has been the highest quarterly loss reported by any bank in india ever. this was owing to fraudulent loans worth rs 143 billion issued to jewellery firms belonging to nirav modi and mehul choksi. the reserve bank of in...



indusind bank approves deal to buy bharat financial inclusion




india's indusind bank ltd said on saturday it has approved a deal to buy bharat financial inclusion ltd. under the deal, indusind will exchange 639 of its shares for every 1,000 shares in bharat financial, the bank said in a stock exchange filing after a board meeting. the merger scheme will be effe...



markets live: indices range-bound, nifty near 10,750 mark; it stocks gain




share of mf assets under direct plans drops for the first time since 2013 the proportion of mutual fund (mf) assets held under direct plans dropped at the end of 2017-18 for the first time since 2013, when the mandatory direct category was introduced.   data from mf tracker value research reveals t...



strides shasun rebounds over 10% post clarification on auditor resignation




strides shasun rose 2% to rs 432, bouncing back 13% from its early morning low on the bse, after the company made clarification on rumor regarding resignation of statutory auditor. the stock hit a low of rs 383 on the bse in intra-day trade. we understand that there are unconfirmed rumours in the ma...



hdfc bank falls nearly 5% from its intra-day's high




shares of hdfc bank have slipped by 2.5% at rs 2,058 per share, falling 4.6% from their early morning high on the national stock exchange (nse), after more than 10-million equity shares changed hands on the counter through multiple block deals. till 10:17 am; around 13.41 million equity shares repre...



bank rout wipes out $30 billion in value




banking stocks have seen $13 billion wiped from their value in a day in the wake of soft earnings results and reports that a new tax will be unveiled in tuesday night's federal budget.after a week of sluggish bank results a combination of a slightly disappointing quarterly result from commonwealth ...



bank rout wipes out $30 billion in value




banking stocks have seen $10 billion wiped from their value in a day in the wake of soft earnings results and reports that a new tax will be unveiled in tuesday night's federal budget.after a week of sluggish bank results a combination of a slightly disappointing quarterly result from commonwealth b...



federal bank plunges 10% on weak q4 results




federal bank has plunged 10% to rs 90.65 on the bse in early morning trade, after the private sector lender reported weak set of numbers with assets quality worsens in march 2018 quarter (q4fy18). the stock was trading close to its 52-week low of rs 87.50 touched on february 6, 2018 on the bse in in...



markets live: corporate earnings, global cues to impact sentiment




corporate results for the march 2018 quarter (q4fy18) and global cues will continue to impact market sentiment on wednesday. that apart, investors will keep an eye out for any surprises in the us federal reserve's federal open market committee (fomc) meeting that is likely to announce the decision o...



how to trade australia's earnings season: buy the shorted stocks




with less than a week to go until the company earnings season begins, it may pay to look now at those stocks with the largest bearish bets against them.that's the conclusion reached by deutsche bank strategists whose data showed that the top ten per cent of most heavily shorted stocks in australia...



indigo, indusind bank, bharat financial, apollo tyres hit 52-week highs




shares of interglobe aviation, which operates no-frills carrier indigo, private sector lender indusind bank, tyre company apollo tyres and microfinance institution bharat financial inclusion were among 11 stocks from the s&p bse500 index hitting their respective 52-week highs in otherwise subdued ma...



tcs becomes first indian company to cross $100 bn in market-cap




tata consultancy services (tcs) has become the first indian $100 billion- dollar company in terms of market capitalisation (market-cap), after the stock of the it bellwether hit a new high on monday.the stock hit a new high of rs 3,499, up 2.7% in intra-day trade, extending its friday’s 6.7% surge...



apple pay expands in us, australia, taiwan and more regions




apple pay continues to pick up new banks and credit unions every few weeks — and soon three new countries. these are the latest new entries with banks added in the us, australia, hong kong, japan, singapore, taiwan, france, and spain.9to5mac happy hourunited statescanandaigua national bank & trus...



npa pain nearing end, beaten-down valuations boost axis bank stock over 12%




a nearly fourfold sequential jump in slippages owing to an acceleration in non-performing asset (npa) recognition saw axis bank report its first-ever net loss of rs 21.8 billion in the january-march quarter (q4), after market hours of thursday, yet, the stock soared over 12 per cent on friday, befor...



psu banks lost rs 900-billion market-cap in one month post pnb scam




the public sector undertaking (psu) banks have lost rs 900-billion market capitalisation (market-cap) in past one month after the rs 114 billion ($1.8 billion) fraud at punjab national bank (pnb) came to light. the 21 listed psu banks have seen a combined market-cap erosion of rs 907 billion to rs 3...



psbs extend rally; nifty psu bank surges 13% in six days




shares of public sector banks (psbs) were trading higher for the sixth straight trading days with nifty psu bank gaining more than 10% during the period on the back of expectations of an improvement in the asset quality going ahead. at 01:31 pm; nifty psu bank index was up 2.2% at 3,014, surging 13....



psbs may see rs 180-200 billion mark-to-market losses in q1fy19




in the march 2018 quarter, many public-sector banks (psbs) reported disastrous performance due to the recognition of high bad loans, following the directive by the reserve bank of india, through its february 12, 2018 circular. though brokerages revised their earnings estimates downwards with steep d...



axis bank, wipro q2 numbers, inflation data to steer markets this week




quarterly numbers from blue-chips axis bank and wipro and inflation data would play a key role in guiding stock market trend in the holiday-shortened week ahead, say experts.stock markets would be closed on thursday and friday for diwali.markets will open on diwali (thursday) for an hour for muhurat...