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SUMEET KARIWALA
Emirates NBD gets ready with $ 1.7 billion cheque to buy majority control of RBL BankEmirates NBD Bank is in advanced talks to invest Rs 15,000 cr in RBL Bank, aiming to become its largest shareholder with a 51% stake. The d...
Large private banks will do well over next two-three years: Sumeet KariwalaThe banks which have struggled to the asset quality cycle over there the earnings expectations are low, the valuations are depressed and to...
HDFC Bank dethrones Reliance Industries as new Baahubali of NiftyIn case of Nifty Bank index, HDFC Bank's weight will increase from 26.9% to 29.1%, leading to inflows of about $70 million from passive fun...
HDFC stock’s 45-year-old journey ends today. What's in store now?All existing monthly and weekly F&O contracts of HDFC will expire on Wednesday and shall be physically settled. All shareholders of HDFC wi...
Is HDFC Bank stock up for re-rating after merger? Morgan Stanely cites 5 growth triggersMorgan Stanley has resumed its overweight rating on HDFC Bank and set a target price of Rs 2,110. The brokerage firm expects loan growth an...
Here's why Sumeet Kariwala is bullish on the banking sectorLook at the corporate capex announcements that have happened over the last one year. The stage is set for a very strong recovery in private...
Battered Paytm gets its first bullish rating from a major brokerMorgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of 1,875 rupees, which imp...
Morgan Stanley prefers mid-cap NBFC stocks over larger peersMorgan Stanley said this recommendation is for investors looking for ‘deep value’ and ‘mis-priced’ stocks whose valuations have hit new lif...
India's chaotic bank rescue sparks worries on spectrum of thingsHere is what analysts and investors are worried about.
Morgan Stanley ups target price on SBI by 14%SBI shares rose 0.5 per cent to close at Rs 328.25 on Wednesday.
Tax tinkering clouds insurance stocks’ earnings outlookThe taxing dividend income in the hands of insurers will increase their effective tax rate.
RBL upside may be capped despite QIP dealRBL stock declined 13 per cent in the last six days to close at Rs 325 on Wednesday as against its recent QIP price of Rs 351.
SBI expects return on assets to hit 4-year high this fiscalHigher NIMs and stable asset quality are key drivers, says bank; shares rise nearly 8%
India plans mega banks but analysts say bet on rivals insteadICICI Bank Ltd. and Axis Bank Ltd. remain UBS’s most-preferred picks.
Kotak's 'interesting move' may remove overhang from bank sharesDespite the latest reduction, Kotak’s equity ownership in the bank is unchanged at 30 per cent.
PNB says has ability to recover after uncovering giant fraudMehta said that investigation was done on priority, and that the bank approached law enforcement agencies as soon as they managed to verify...
PSB mergers should be between equals: SBI Chief Arundhati BhattacharyaThere can’t be a one-size-fits-all approach, and the temptation to merge the weaker ones with the stronger ones should be resisted as it le...
SBI sees loan growth jumping from 25-year lowThe state-run lender cut lending rates based on the marginal costs of funds by 90 basis points across all tenures on Sunday.
Jaypee Group plans to sell cement business; UltraTech, Dalmia Bharat and Shree approachedA few bulge-bracket PE firms too have been approached with a detailed information memorandum of operations but the response has been lukewa...
Global banks may not be in a hurry to set up subsidiariesTop global banks such as Citigroup, Hong Kong and Shanghai Banking Corp and Deutsche Bank may not rush to set up an Indian subsidiary.