SBI has potential to reward investors better than large pvt banks: Siddharth Purohit“I am not expecting a runaway rally from here onwards but the risk reward is favourable for investors from the current level.”
04 Aug, 2021, 04.05 PM IST
Removal of bad debt ‘hangover’ hands Indian banks clarityThe top five lenders State Bank of India, HDFC Bank, Bank of Baroda, ICICI Bank, Punjab National Bank who hold about half of the $1.8 trill...
24 Mar, 2021, 09.01 AM IST
Q3 result: SBI asset quality surprises on positive sideI am really quite positively surprised by the NPA numbers, says Siddharth Purohit
04 Feb, 2021, 06.10 PM IST
Why Siddharth Purohit won’t raise HDFC Bank target priceHDFC has been historically known for retail-oriented growth and as long as that segment does not grow, there will be concern even though th...
18 Jan, 2021, 10.39 AM IST
SBI headline numbers good but NPA provision could go up next quarterLooking at the bottom line number will not give clarity as far as the bank’s performance is concerned, says Siddharth Purohit.
04 Nov, 2020, 06.56 PM IST
Potential for 15-20% upside in Axis Bank in near term: Siddharth Purohit‘Based on my quick calculations, the capital adequacy should improve by 155 bps.’
05 Aug, 2020, 12.17 PM IST
Bank of India hits upper circuit on PSB privatisation hopesA select group of top government functionaries has begun discussions on the proposal.
16 Jun, 2020, 11.59 AM IST
Bank stocks rally on RBI's Operation Twist as big MTM treasury gains seenAll constituents of Nifty PSU Bank index traded in the green.
20 Dec, 2019, 11.41 AM IST
Ujjivan stock a little overvalued, should settle at Rs 52-55: Siddharth Purohit, SMC GlobalThe business model of the small finance banks is evolving and is fairly strong.
12 Dec, 2019, 03.57 PM IST
Buy Axis Bank at current level and at every dip: Siddharth Purohit, SMC Global SecuritiesLoan growth picked up on a sequential basis, YoY growth was up 14.5% and retail growth almost 23% up.
23 Oct, 2019, 10.04 AM IST
Look beyond IL&FS issue, this is the right time to enter IndusInd: Siddharth PurohitAll stressed accounts combined is something around 1.9% of the total book.
12 Jul, 2019, 01.33 PM IST
Delay in raising capital to hit Yes Bank growth: Siddharth Purohit, SMC GlobalAppointment of RBI nominee on Yes Bank board may have been taken negatively by market, says Purohit
15 May, 2019, 04.34 PM IST
Record cash recoveries by PSBs in Q1, analysts still not excitedThe Nifty PSU Bank index has climbed about 15% in the past one month.
22 Aug, 2018, 07.26 AM IST
HUDCO IPO a mega hit; subscribed 79.47 times on final dayThe offer received bids for 16,21,62,88,000 shares against the total issue size of 20,40,58,747 shares.
11 May, 2017, 08.25 PM IST
RBL Bank surges 6% on upbeat Q2 numbersThe bank has shown a jump in provisions to Rs 49.5 crore against Rs 22.3 crore a year ago. Net non-performing assets stood at Rs 137 crore ...
20 Oct, 2016, 10.44 AM IST
Axis Bank balance sheet will be clear of NPAs after 2 years: Siddharth Purohit, Angel Broking60 per cent of the Rs 26,600 crore loan that is roughly Rs 13,500 crore loan should fall under NPA over the next two years.
28 Apr, 2016, 10.28 AM IST
Why Equitas valuation better than existing NBFC's?Unlike SKS which is a pure play micro-finance company Equitas has a diversified portfolio which includes vehicle financing, MSME financing ...
22 Apr, 2016, 02.46 AM IST