The Q4 results of the private banks as well as state-run lenders were mixed with net interest margins surprising positively for larger banks, but growth remaining elusive. Banks delivered a credit growth of 11% year-on-year (YoY).
ICICI Bank
Reliance Infrastructure share price rises up to 7.5%, inching close to 1-year high on substantial reduction in debt
Stock Market Today: Reliance Infrastructure share (NSE: RELINFRA) price gained up to 7.5% in morning trades on Thursday and was very close to 1-year (52-week) high. The Reliance Infrastructure share price has been buzzing with news flows as it has reduced standalone external debt from ₹3,831 Crore to ₹475 Crore.
Should Madhabi Puri Buch resign? Why everyone is after IIM alumnus doing Dalal Street’s most thankless job
Madhabi Puri Buch, the first woman and private sector head of Sebi, faces unprecedented challenges. Allegations from various quarters, including internal staff and external critics, question her integrity and work culture. Despite support from some industry figures, calls for her resignation are growing louder.
ICICI Bank Jumps Most In A Week To Record
Shares of ICICI Bank jumped over 2%, most in a week, to a record Rs 936.65 apiece.
The relative strength index of the stock is at 75, suggesting it may be overbought.
The stock has outperformed the benchmark, rising 27% in 2022 so far compare to 5% rise for Sensex.
Banks Collect Rs 5,000 Crore From Minimum Balance Penalty
Gold Silver Reports (GSR) – As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data.
Sensex, Nifty Edge Lower Dragged By HDFC, ICICI Bank
Gold Silver Reports (GSR) – Eleven out of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Finance index’s 0.4 percent drop. On the other hand, the S&P BSE Realty index was top gainer, up 0.7 percent.
Indian equity benchmarks edged lower dragged by weakness in ICICI Bank, HDFC twins and Infosys.
ICICI Bank Future Above ₹ 280 Buy 100—500 Lots, Ready For Blast – Neal Bhai Reports
Free Stock Recommendations Tips – ICICI Bank Future Above ₹ 280 Buy 100—500 Lots, Ready For Blast – Neal Bhai Reports
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
Hero MotoCorp Share Price Rises On June Sales, Motorcycle Price Hike
Gold Silver Reports (GSR) – Hero MotoCorp Share Price Rises On June Sales, Motorcycle Price Hike – Shares of the Delhi-based two-wheeler maker rose as much as 2 percent to ₹ 3,485 after it reported June sales and hiked prices of its motorcycles and scooters to partially offset higher input costs.
Oil India Rises On Discovering Hydrocarbon Reserves In KG Basin
Gold Silver Reports (GSR) – Oil India Rises On Discovering Hydrocarbon Reserves In KG Basin – Shares of the Delhi-based oil explorer rose as much as 1.6 percent to Rs 211.75 after it made second hydrocarbon discovery in the on land KG Basin well Thanelanka-l in Andhra Pradesh.
ICICI Bank Falls As SEBI Favours Adjudication Proceedings Against Bank, CEO
Gold Silver Reports (GSR) – ICICI Bank Falls As SEBI Favours Adjudication Proceedings Against Bank, CEO – Shares of the Mumbai-based private sector lender fell as much as 1.54 percent to Rs 285.25 after the market regulator favoured adjudication proceedings against ICICI Bank and its CEO Chanda Kochhar for alleged violation of listing disclosure norms, news agency Press Trust of India reported citing an unnamed official.