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Remain positive on IDFC First Bank, see opportunities in PSU banks: TCG Asset
TCG Asset Management CEO Shahzad Madon remains confident in IT holdings despite AI-driven corrections and sees selective opportunities in PSU banks due to relatively lower valuations and improved balance sheets.
IDRCL settles two insolvency cases, first since inception
India Debt Resolution Co Ltd (IDRCL), the managing arm of the government-backed bad bank, has successfully resolved two accounts, distributing approximately Rs 330 crore to banks. This marks the bad bank's first recoveries since commencing operations in 2022, with resolutions for Metenere Ltd and Helios Photo Voltaic.
Karur Vysya Bank shares in focus on strong Q1 business growth
Karur Vysya Bank Share Price | The bank's advances increased 17.12% YoY to ₹1.05 lakh crore, crossing the ₹1 lakh crore milestone for the first time.
Federal Bank shares gain 1% after lender secures first international investment-grade rating from S&P
In an exchange filing, the bank said S&P Global Ratings has assigned it an inaugural long-term issuer credit rating of BBB-/Stable and a short-term issuer credit rating of A-3.
Bank of Baroda stock in focus today after $600 million NMC settlement; Nomura sees Q1 earnings impact
Nomura said the Bank of Baroda settlement removes litigation uncertainty, but it expects the payment to weigh on the bank's fiscal first quarter earnings as the provision is unlikely to have been made earlier.
Bank of Baroda shares fall over 4% after lender settles NMC Health litigation for Rs 5,700 crore
The settlement covers proceedings before the Abu Dhabi Global Market Court of First Instance and the High Court of Justice of England & Wales relating to the insolvency of the NMC entities
First Tick: Top global cues to watch in today's trade
Gold held a rebound after a speech by US Federal Reserve Chairman Kevin Warsh dampened speculation the central bank may hike interest rates this year to tackle inflation.