State Bank of India chairman Challa Sreenivasulu Setty on Monday said the Indian Bank’s Association (IBA) is preparing a formal recommendation to the Reserve Bank of India (RBI) to allow bank financing for mergers and acquisitions, particularly for listed companies with shareholder-approved deals. “We have been requesting the regulator, and will make a formal request
Synopsis Banking is a rare sector in which there is a probability of finding stocks with positive one-year returns. Yes, in the last one year, banking sector stocks (barring small finance banks) have been silent outperformers. As far as the street is concerned, they have been able to manage attacks by bears pretty well. On
Sectors including textiles, jewellery, apparel, seafood, machinery and mechanical appliances, chemicals, and auto components are expected to bear the brunt of the 50% tariffs on Indian goods entering the US. Direct lending by top banks such as State Bank of India, ICICI Bank and HDFC Bank to these industries is estimated to be about 10%
IIFL Securities has articulated a preference for State Bank of India (SBI) over Bank of Baroda (BOB), driven by expectations of a reversal in recent profitability trends. Despite BOB’s higher average Return on Assets (ROA) over the past three years, the brokerage expects this to change due to inferior margin trajectory and rising credit costs