Motilal Oswal is bullish on Indian Bank recommended buy rating on the stock with a target price of Rs 360 in its research report dated May 08, 2023.
IDFC First Bank formed bullish candle on the daily scale with above average volumes, as it gained 2.5 percent to close at Rs 56.50. With Tuesday's move, the stock got back above all key moving averages, with making higher highs higher lows for second straight session.
Net Interest Income (NII) is expected to increase by 33.9 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 5,696.8 crore, according to Motilal Oswal.
The RBI said a Rs 55 lakh penalty has been imposed on Indian Bank for contravention of certain Know Your Customer (KYC)) norms.
Indian Bank also hiked the treasury bills linked lending rates by 25 basis points across all tenors. The revised rates will come into effect from April 3.
The ongoing sideways trend may persist until there is a decisive breakout above the 17,250 resistance level.
Banks recovered Rs 30,104 crore in FY21, Rs 30,106 crore in FY20, Rs 25,501 crore in FY19, and Rs 12,881 crore in FY18 from written- off loans.
Emkay Global Financial is bullish on Indian Bank has recommended buy rating on the stock with a target price of Rs 375 in its research report dated March 19, 2023.
The tie-up would offer various initiatives including 90 per cent on-road funding with no processing fee, foreclosure and party payment charges to prospective customers.
On February 8, RBI said it will issue draft rules on levying penal charges on loans.
PC Jeweller also informed the stock exchanges that legal proceedings with the SBI is underway, and the DRAT has fixed February 28 as the next date of hearing.
Motilal Oswal is bullish on Indian Bank recommended buy rating on the stock with a target price of Rs 340 in its research report dated January 25, 2023.
Emkay Global Financial is bullish on Indian Bank has recommended buy rating on the stock with a target price of Rs 375 in its research report dated January 25, 2023.
Mazagon Dock Shipbuilders topped the list of gainers with 178 percent returns while Adani Power rose 144 percent; Indian Bank, Varun Beverages, Swan Energy, RHI Magnesita India and Adani Total Gas were among the stocks that doubled.
The bank reported a 25 per cent growth in net interest income at Rs 5,499 crore in the quarter and the fee-based income grew 6 per cent to Rs 704 crore led by a 99 per cent spike in forex income at Rs 294 crore.
Bankers are running baraat-like shows on streets in a desperate bid to garner deposits. Is making a show to market deposit products a new norm?
The INR vostro facility is part of the special trade settlement mechanism finalised by the RBI in July 2022.
The new rates are effective from January 3, Indian Bank said in a regulatory filing.
Returns of the same magnitude may be difficult to match in 2023, but the domestic consumption story is a big plus and a lot will also depend on the macro environment, corporate headwinds amid recessionary trends overseas.
The market reacted negatively to the policy, may be due to increasing possibility for further rate hikes in next policy meeting and lowering the growth forecast
ICICI Direct is bullish on Indian Bank recommended buy rating on the stock with a target price of Rs 300 in its research report dated November 10, 2022.
Emkay Global Financial is bullish on Indian Bank has recommended buy rating on the stock with a target price of Rs 310 in its research report dated November 05, 2022.
Motilal Oswal is bullish on Indian Bank recommended buy rating on the stock with a target price of Rs 290 in its research report dated November 05, 2022.
Looking at the broader picture of RHI Magnesita India, we can spot that the overall trend is on the upside. While the steepness of the trend line is rising, this tells that the underlying trend is accelerating for an upside move.
Primary trend of EIH is positive as it is trading above its 50, 100 and 200 days EMA. We expect stock price to end consolidation and resume its uptrend in the days to come.