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psu banks: Valuation gap between PSU and private banks to reduce further: Kunj Bansal

Kunj Bansal discusses the re-rating of public sector banks catching up with private banks, mixed retail sector performance, RBI directive benefiting banks, and the importance of fundamentals and valuation for higher returns in the investment.

Lending and deposit rates rise across segments in FY'24

The weighted average lending rate (WALR) on fresh rupee loans of the commercial banks stood at 9.37 per cent in March 2024 (9.36 per cent in February 2024). It rose 13 basis points or bps (one basis point is 0.01 percent) over the last one year. Excluding the merger impact of HDFC with HDFC Bank, the WALR on outstanding rupee loans was at 9.85 per cent in March 2024 (9.83 per cent in February 2024. It rose 13 bps over the last one year.

Private banks grapple with rising IT expenses amid surge in transactions

India Business News: Private banks are experiencing a significant increase in information technology expenses as most transactions are now conducted digitally. Unlike the

yes bank: Deposit growth improves at private banks in Q4, but at higher costs

While these lenders were able to increase deposits at a faster clip during the quarter, the growth was accompanied by higher interest outgo, thereby contracting net interest margins (NIMs) year-on-year. The sample includes HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank and Yes Bank. Kotak Mahindra Bank is expected to declare quarterly numbers on May 4.

market returns: ETMarkets Fund Manager Talk: Private banks, FMCG may lag behind in FY25 earnings, says Karthick Jonagadla

Karthick Jonagadla foresees challenges for private banks and FMCG sectors. FY25 market returns may moderate with high performers in specific sectors. Earnings growth alignment for midcap and smallcap stocks, capital inflows shift, and sector opportunities in lower interest rates are key considerations. Jinagadka also says: "PSUs, defence manufacturing, and rural consumption themes not only highlight the diverse avenues available for investors but also reflects the multifaceted nature of Indias growth trajectory."

Sensex: ETMarkets Smart Talk: Good chance of heading towards 80,000 on Sensex in 6 months: Dimplekumar Shah

Dimplekumar Shah foresees Sensex hitting 80,000. Market faces volatility due to geopolitical concerns. Strong GDP and earnings growth expected. Global inflation affects rate trajectory. BJP manifesto impacts sectors. Equity culture on the rise. Shah further says: "Technically speaking, May has been a positive month 7 out of 10 times in the last decade. However, the derivatives market is suggesting a range bound setup as of now."

Payden & Rygel Celebrates 30 Years of the Limited Maturity Fund (PYLMX) Amidst Four Decades of Investment Excellence

Eurobank Ergasias Services and S A : Announcement - Eurobank issues €650 million in senior preferred debt

Wednesday, 24th April 2024 ANNOUNCEMENT Eurobank issues €650 million in senior preferred debt Eurobank Ergasias...

Eurobank Ergasias Services and S A : issues €650 million in senior preferred debt

24 April 2024 Eurobank Ergasias Services and Holdings S.A. announces that its subsidiary Eurobank S.A. , successfully completed the issuance of €650 million...

Anacapa Advisors Shortlisted in the 2024 Family Wealth Report Awards

/PRNewswire/ -- Anacapa Advisors, a market-directional investment manager, announced today that the firm has been shortlisted in the 2024 Family Wealth Report...