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HDFC Bank Remains 'Top Pick'; Leadership Shuffle No Cause For Concern, Say Brokerages
Among private lenders, Kotak continues to prefer HDFC Bank and ICICI Bank, while State Bank of India remains its preferred public sector lender. Jefferies maintains its Buy rating on HDFC Bank with a target price of Rs 1,050.
SBI wanted to change cash-counting staff at Ram temple 3 months ago: Sources
State Bank of India reportedly sought to replace cash-counting staff at the Ayodhya Ram temple three months ago due to suspicions of fund diversion, but the Shri Ram Janmabhoomi Teerth Kshetra Trust allegedly intervened. An FIR was filed, and eight individuals have been arrested following an SIT report, with significant cash and foreign currency seized from several accused.
State Bank of India, BSE & Maruti Suzuki: The Next Big Move? - Investing.com India
State Bank of India, BSE & Maruti Suzuki: The Next Big Move?Investing.com India
Six of top-10 firms add ₹88,678 crore in mcap, ICICI Bank biggest winner
The combined market valuation of 6 of the top-10 most valued companies went up by Rs 88,678.1 crore in a holiday-shortened last week, with ICICI Bank emerging as the biggest winner. Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent. "Markets ended the holiday-shortened week with modest gains, advancing in three of the four trading sessions. Sentiment remained constructive, supported by easing crude oil prices, improving geopolitical developments in West Asia, and selective buying by foreign institutional investors (FIIs)," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro were the gainers, Bharti Airtel, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation. The market valuation of ICICI Bank jumped Rs ...
Muharram 2026 Bank Holiday: Are Banks Open Or Closed On June 26? Check State-Wise List Here
Banks will observe a three-day long weekend holiday starting from tomorrow, Friday, June 26.
RBI says no to special exposure relaxations for state NBFCs
The Reserve Bank of India has firmly rejected requests for special exemptions from concentration norms for government-owned NBFCs, emphasizing a principles-based regulatory approach. The central bank also denied calls to raise single counterparty limits for public sector enterprises. While allowing grandfathering of residual breaches and specific conditions for temporary limit breaches, the RBI has tightened rules to ensure regulatory clarity and stability.
CBI arrests senior IAS officer Pankaj Aggarwal in ongoing alleged IDFC First Bank fund misappropriation case
The Central Bureau of Investigation (CBI) has arrested Pankaj Aggarwal, IAS on Monday who was the then Principal Secretary in Department of School Education and Agriculture, in connection with the misappropriation of government funds from the account of Haryana School Shiksha Pariyojna Parishad (HSSPP) and Haryana State Agriculture Marketing Board (HSAMB) maintained with the Sector 32, Chandigarh branch of IDFC First Bank.
NARCL to expand beyond government guarantee model
India's state-backed bad bank, NARCL, is set to broaden its acquisition strategy, moving beyond government-guaranteed deals. This expansion into the stressed asset market will include smaller loan portfolios. With improved recovery rates across the industry, NARCL aims to acquire a larger volume of distressed assets, targeting ₹2 lakh crore by March 2026, and may offer more flexible deal structures.
SBI's improving performance warrants better valuation, chairman Setty says: Report
State Bank of India's chairman believes the bank is undervalued, citing improvements in financial strength, customer base, and earnings. He highlighted the success of the Yono digital platform, strengthened capital position, and the significant growth in value from its subsidiaries. SBI is also focusing on technology adoption, including AI, and sees opportunities in power, MSME, and retail lending, positioning itself for future growth despite evolving funding landscapes.
India’s largest lender deserves a better valuation, says bank chief. The market is starting to agree.
State Bank of India chairman Challa Sreenivasulu Setty explains why the state-owned lender deserves a higher valuation, insisting that investors are finally beginning to recognise SBI’s transformation.
State Bank of India to host virtual analyst meet on Jun 24 - scanx.trade
State Bank of India to host virtual analyst meet on Jun 24scanx.trade
State Bank of India ends higher after board OKs proposal to raise Rs 60,000 crore
State Bank of India gained 1.64% to Rs 1042.85 after the bank's Central Board approved a proposal to raise up to Rs 60,000 crore during FY27 through the issuance of debt instruments in Indian rupees or foreign currencies.