Banking Sector

Analysts of IIFL Capital Services prefer Private over PSU banks, as the latter’s earnings momentum is slowing and valuations are no longer cheap.

Recommendation: Buy; Target price: ₹1790

SBI is now ranked fifth in the market valuation rankings, after Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, and ICICI Bank.

In comparison to the Union Bank of India's scrip's closing price of ₹141.2 on the BSE on Tuesday, the floor price is at a slight premium.

13 stocks banned for F&O trading due to high open interest

Governor Das of the RBI has issued numerous warnings regarding the necessity of enhancing risk management in banks and shadow lenders.

It ordered the lender to pay ₹5,000 for litigation costs, ₹5,000 for compensatory damages, and ₹5,000 for mental suffering.

On March 31, 2024, Jaimin Bhatt, the group president and group chief financial officer who succeeded Gheewalla, will retire.

Over the past three months, the private sector lender's stock has surged by 29%, contrasting with the 2.5% rise in the benchmark Sensex

IDFC Limited and IDFC Financial Holding Company Limited into IDFC FIRST Bank Limited