Bank Shares

Ashok Chandra, serves as an Executive Director of Canara Bank, has been appointed as PNB MD and CEO. Binod Kumar has been name the executive director for Punjab National Bank

Bank shares plummet as Credit Suisse rescue fails to quell contagion fears

UBS shares fell by as much as 16% in early trade, their biggest one-day fall since 2008, amid concerns among investors about the long-term benefits of the deal and the outlook for banks in Switzerland, a country once seen a paragon of sound banking.

Banks Or IT: Which Stocks Should You Buy Now? | Sectors To Watch | IT Stocks | Stock Market

Last year, the Nifty IT index had given negative returns to the tune of over 25% and was among the worst sectoral performers. In 2023, this index has given 7% returns on a YTD basis, emerging as the top performer among other sectoral indices. While the benchmark Nifty 50 is down 1% so far this year. Meanwhile, its the complete opposite for banks in 2023 so far. In this video, we take stock of the divergent moves in both IT and banks and what stocks are analysts betting on from these 2 sectors. Watch here!

Banks' share in industrial credit plunges to 34% in FY21, says report

While bank credit flow tapered amidst the pandemic in FY21, non-bank credit stepped up sharply, so much so that even as bank-credit flow fell by 1.7 percent over FY20, there was an 18 percent increase in non-bank credit, resulting in a 10.4 percent growth in the total flow of resources to the commercial sector

MF exposure to bank stocks hit record high of Rs 85,000 cr

In comparison, equity fund managers' deployment in banking stocks stood at Rs 55,086 crore in July 2014. Industry experts said that fund managers raised their allocation to bank stocks expecting a rate cut by the Reserve Bank.

Greece in 'final stretch' for deal with creditors: Greek PM

Greece needs a deal that will unlock bailout funds by August 20, when it must repay some 3.4 billion euros (USD 3.7 billion) due to the European Central Bank.

2013 Budget: Bank shares wilt as interest subsidy stays; SBI down 5%

Bank shares, especially those belonging to the public sector, were hammered as the Budget proposals for farm loans is being viewed as a negative.

Sensex, Nifty retrace losses; drug makers gain

The BSE Sensex and Nifty retraced some of their earlier losses in afternoon trade on Wednesday, tracking positive opening of European equities.

Nikkei gives up gains as banks shares slip

The Nikkei stock average fell on Wednesday, losing its grip on early gains as bank shares slipped and Fast Retailing Co skidded after posting disappointing sales figures.