Share prices

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

RBI Approval: LIC Granted Permission to 2% Increase Stake in HDFC Bank Worth Billions by the End of the Week

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In a significant development for HDFC Bank, the Reserve Bank of India (RBI) has granted approval to Life Insurance Corporation of India (LIC) to increase its stake in the bank. This move has already impacted HDFC Bank’s share prices positively, with a 2% gain after the announcement. LIC, holding a 5.19% stake at the end … Read more