Page 6 - Anim News Today

RBIs imposition of an incremental cash reserve ratio will lead to the impounding of deposits that weighed on the banking stocks. Since the announcement, the Nifty Bank Index has shed nearly 2% as against Nifty 50s 1.2% fall (August 22 data), while HDFC Bank has slid around 4% — the most among its banking index peers.

"NIM contraction might be very marginal in HDFC Bank. Advances growth should be extremely strong. Again, purely in terms of their advances and deposit growth, the numbers are pretty humongous . All the tech issues are largely behind them. Even if valuations are at a premium, which it has always commanded, the second half numbers should be relatively better."

Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) declared a monthly dividend on Tuesday, August 1st, Wall Street Journal reports. Stockholders of record on Tuesday, August 15th will be given a dividend of 0.026 per share on Friday, September 1st. This represents a $0.31 dividend on an annualized basis and a dividend yield […]

Sharply higher official interest rates have yielded record profits for banks, as the cost of loans soared while lenders held off paying more on deposits

Pune-based Bank of Maharashtra posted the highest NIM of 3.86 per cent, followed by Central Bank at 3.62 per cent and Indian Bank at 3.61 per cent during the quarter.

Amid higher cost of funds, as deposits got repriced, SBI’s NIM fell by 27 basis points (bps) sequentially to 3.3%. This was a negative surprise as the margin was expected to improve a bit due to the lagged repricing of MCLR linked loans.

India Business News: Public sector lender Punjab & Sind Bank on Saturday reported a 25 per cent decline in net profit to Rs 153 crore for the June 2023 quarter, partly due

Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) declared a monthly dividend on Tuesday, August 1st, Wall Street Journal reports. Shareholders of record on Tuesday, August 15th will be given a dividend of 0.026 per share on Friday, September 1st. This represents a $0.31 dividend on an annualized basis and a dividend yield […]

As far as asset quality is concerned, SBIs gross NPA number has improved by just two basis points, while the net NPA has worsened by four basis points. So, I do not attach much importance to this kind of number given the backdrop that the bank is now growing quite strongly in terms of advance growth.

SINGAPORE: Singapore's biggest bank DBS Group said on Thursday its second-quarter profit jumped a forecast-beating 48% to a new record as higher interest rates helped drive income growth, and forecast growth in its net interest margin (NIM).