Buy Federal Bank, target price Rs 54: Emkay Global
The brokerage has cut its estimates for FY21/FY22 by 32/33 per cent, factoring in lower growth/fees and higher LLP.
Buy Federal Bank, target price Rs 65: Motilal Oswal
The brokerage cut its FY21E estimates sharply by 19% as it factored in the higher credit ...
Sell Kotak Mahindra Bank, target price Rs 1,215: Suruchi Kapoor
The analyst suggested a stoploss at Rs 1365.
Bank NPAs may worsen to 11.6 pc by end of this fiscal due to coronavirus pandemic: Report
Fresh gross slippages are estimated to be at 5-5.5 per cent of standard advances during 2020-21, which will increase the banks' credit provision and impact their earnings, rating agency ICRA said in a report.
Anand Rathi has a buy call on Karnataka Bank, target price Rs 60
Higher credit costs combined with weaker operating performance (attributed to slower business growth) would keep the bank’s earnings weak in FY21.
Does RBI wants co-operative banks to wither away?
The RBI has often acted with haste and betrayed its understanding of co-operative banks.
Buy DCB Bank, target price Rs 131: Centrum
The brokerage has lowered loan growth while increasing slippages estimates for the bank for FY21E/22E.
RBI constitutes working group to review private bank shareholding norms
The central bank noted that changing financial market landscape arose a need to relook at these regulations since the broad policy relating to ownership and control in private lenders has been guided by the framework issued way back in February 2005.
Canara Bank, Bank of Maharashtra cut MCLR
Bengaluru-based Canara Bank has cut its one-year MCLR to 7.55 per cent from 7.65 per cent earlier. Pune-headquartered Bank of Maharashtra (BoM) has reduced one-year MCLR to 7.50 per cent from 7.70 per cent.
Buy IDFC First Bank, target price Rs 23: ICICI Securities
Restructuring of the balance sheet is underway and has continued with a rise in run rate of low cost deposits.
Neutral on DCB Bank, target price Rs 70: Motilal Oswal
The brokerage remains watchful of asset quality as 60 per cent of the bank’s loan portfolio has availed moratorium.
The poor bring more business to banks in April
Loans to the economically weaker sections in April was nearly 40% higher than loans to big corporates, indicating low credit demand for investments while also pointing to the need for borrowings to keep the poor going at a time when economic activities came to a virtual standstill.
Stock Ideas: Motilal Oswal has a buy call on SBI, target price Rs 280
The slippage ratio has moderated in the last few years and stands lower than even the ratios of many private banks.
Bad bank idea finds little support from RBI, govt
The proposal for a bad bank has found little traction among the RBI, the government and other lenders.
Banks sanction over Rs 75,000-cr loans to MSMEs under credit guarantee scheme
The finance ministry on Monday said banks have sanctioned over Rs 75,000 crore loans so far under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector reeling under stress due to the coronavirus-induced lockdown.
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