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Explained - Key factors why PSU bank shares surged up to 10% on Friday
Indian Bank led the gains, surging as much as 9%, while State Bank of India, Canara Bank, Bank of Baroda, Bank of Maharashtra, Punjab National Bank (PNB) and Bank of India advanced between 2% and 9%.
Nifty PSU Bank soars 4%, Indian Bank up 10% post Q1 nos; analysts upbeat
PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.
Indian Bank consolidated net profit rises 47.46% in the June 2026 quarter
Total Operating Income rise 11.11% to Rs 18095.14 crore
Indices trade higher; European mrkt advance
PSU Bank, Realty and IT shares advanced while pharma and FMCG shares declined.
Nifty PSU bank index up nearly 4%: Indian Bank rises 10% to lead gains post-Q1 results - Moneycontrol.com
Nifty PSU bank index up nearly 4%: Indian Bank rises 10% to lead gains post-Q1 resultsMoneycontrol.com
Dhanlaxmi Bank gains as Krishnakumar K assumes charge as chief financial officer
Dhanlaxmi Bank rose 1.12% to Rs 34.29 after the bank announced that Krishnakumar K has assumed charge as its Chief Financial Officer (CFO) with effect from 10 July 2026.
Indian Bank Q1 Results: PSU Lender jumps 9% on 17% core income growth, stable asset quality
The bank's asset quality continued to improve during the quarter. Gross non-performing assets (GNPA) declined to 1.86% from 1.98% in the March quarter, while net NPA remained unchanged at 0.15%.
Indian Bank Q1 Result: Net Profit Rises 10% To Rs 3,273 Crore, Gross NPA Drops To 1.86%
Indian Bank Q1 Result
Indian Bank Q1 Results: Standalone net profit rises 10% YoY to Rs 3,273 crore; shares zoom 10%
Indian Bank reported a standalone net profit of Rs 3,273 crore for Q1 FY27, up more than 10% year-on-year, while net interest income rose nearly 17%. The PSU lender also posted improved asset quality and higher advances, prompting its shares to surge around 10% after the earnings announcement.
World Bank Group commits $890 million to promote solar rooftop project in India
The World Bank committed USD 890 million for India's solar rooftop initiative. This funding aims to bring clean energy to millions of homes nationwide. The program will also create significant job opportunities across the renewable energy sector. India seeks to achieve net zero emissions by 2070 and increase non-fossil fuels. This support will help scale residential solar and reduce household electricity costs.
Q1 Results Live Updates: Elecon Engineering Profit Falls 60%; L&T Finance, Justdial In Focus
Big names that are set to declare results on July 10 include L&T Finance Ltd., Bank of Maharashtra, Elecon Engineering Company Ltd., Indian Bank and Just Dial.
Nifty Midcap, Smallcap indices hit 52-week highs; what's driving the rally?
Zensar Technologies, CDSL, Bandhan Bank and MRPL from the Nifty Smallcap 100 index rallied between 5% and 12% in Friday's intra-day trade.