Asset Quality

Punjab National Bank : Share Price High 12% in 4 session on Q3 Success – What Investor need to do ?

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Punjab National Bank (PNB) has been making headlines with an impressive stock performance, marking its fourth consecutive session of gains and hitting a remarkable 52-week high. The surge is attributed to the bank’s robust Q3FY24 results and its strategic fundraising plan. However, despite these positive developments, brokerage firm Elara Securities has maintained a ‘sell’ call … Read more

Weak Q3 FY24 Performance Hits SBI Card and AU Small Finance Bank; Shares Decline

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SBI Card and AU Small Finance Bank face market challenges as their Q3 FY24 performance falls short of expectations, leading to a notable decline in their stock prices. Analysts attribute the dip to rising provisions, interest rates, and funding costs. Here’s a detailed overview of their financial performance and the market’s reaction. SBI Card’s Q3 … Read more

ICICI Bank’s Robust Q3 Performance: Net Profit Surges 24% to ₹10,272 Crore, Provisions Decline – Key Highlights

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Private lender ICICI Bank Ltd has reported a robust standalone net profit of ₹10,271.54 crore for the December quarter, showcasing a significant 23.57% YoY growth. The bank’s Q3 results also reveal noteworthy improvements in provisions, net interest income (NII), and various business segments. Here are the key takeaways from ICICI Bank’s Q3FY24 performance. Financial Highlights: … Read more

“HDFC Bank’s Q3 Management Call Insights: Unveiling HDB Financial IPO and Distribution Network Strategies”

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In the third quarter of FY24, HDFC Bank, India’s largest private sector lender, delivered a stellar financial performance with a notable 33% year-on-year growth in net profit, reaching ₹16,372 crore. The bank’s robust net interest income (NII), which increased by 24% YoY to ₹28,470 crore, underscored its resilient core operations. The management’s post-earnings call revealed key insights into the bank’s strategies and future plans.