Finance Minister Nirmala Sitharaman advised banks to optimise the scope of resolution and recovery offered by the NCLT and NARCL. Photo: PTI 4 min read Last Updated : Aug 19 2024 | 11:20 PM IST The much-awaited meeting between Union Finance Minister Nirmala Sitharaman and heads of public sector banks (PSBs) on Monday revolved …
Suresh Ganapathy, a banking analyst at Macquarie Capital Securities, has a ‘buy’ recommendation on HDFC Bank. He sees a potential near-term trigger: its possible inclusion in the MSCI index in August. The Street will eagerly await the release of the shareholding pattern as of June 30, Ganapathy noted. The MSCI inclusion, he believes, could potentially …
The corporate earnings for the fourth quarter of FY24 were strong, with widespread outperformance across aggregates. The earnings beat was driven by domestic cyclicals, such as Autos and Financials, along with Healthcare, Capital Goods, and Cement, while global cyclicals like Metals and Oil & Gas dragged down overall profitability. Nifty 50 delivered a strong beat …
Global investment banking firm Jefferies sheds light on the remarkable turnaround of Indian Public Sector Undertakings (PSUs) over the past 12 months, marking a significant departure from a decade of underperformance prior to 2020. The PSU Index has surged, outperforming the Nifty by an impressive 70% in the last year, driven by notable earnings per …
Image Source : FREEPIK.COM 12 state-owned banks had recorded a total profit of Rs 15,306 crore Public sector banks (PSBs) have once again demonstrated exceptional performance by achieving a profit of Rs 34,774 crore during the first quarter ended June 2023. This is more than double the total profit of Rs 15,306 crore recorded by …