Why do bank share prices fall
One big reason for the fall in profits of PSU banks was increase in provisioning for non-performing assets or NPAs.
For instance, SBI’s provisions and contingencies rose 65.90% to Rs 3,028 crore while PNB’s surged 76.81% to Rs 1898.73 crore.
BoB’s provisions and contingencies rose 33.17% to Rs 860.83 crore..
Which is the No 1 bank in India
HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.
Is FD in IndusInd Bank Safe
Thus, IndusInd Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is. Loan against FD: The investment made in FD scheme is not only a reliable investment option but can also act as an asset.
Which share is best to buy now
Latest in Today’s PickBirlasoft Limited (₹232.8): Buy. … Piramal Enterprises (₹1,345.4): Sell. … Index Outlook | Sensex, Nifty 50 stretch the rally. … General Insurance Corporation of India (₹145.2): Buy. … Gateway Distriparks (₹119.7): Buy. … Dishman Carbogen Amcis (₹162.7): Buy. … Hindustan Oil Exploration Company (₹100): Buy.More items…
How IndusInd Bank was caught in a perfect storm
IndusInd had disclosed an exposure of Rs 3,000 crore to the IL&FS group after a series of defaults from the infrastructure builder and financier in September 2018 threatened a contagion in the credit markets, leading to its takeover by the government.
Is it safe to invest in IndusInd Bank
However, banks such as IndusInd, DCB Bank, IDFC First Bank and Yes Bank offer interest rates of 7-7.25%. … Banks that are deemed to be safe can raise deposits at lower interest rates, while lenders that the public does not consider as safe need to offer higher interest to attract deposits.
Why did IndusInd Bank fall
Shares of private sector lender IndusInd Bank plunged 12 per cent on Tuesday after overseas investors breached buying their limit, people in the know said.
Is IndusInd Bank under RBI
Mumbai 29 October, 2020: IndusInd Bank announced that it has gone live as a ‘Financial Information Provider’ (FIP) under the new ‘Account Aggregator Framework’ of the Reserve Bank of India (RBI), making it the first bank in the country to do so.
Is yes bank safe now
Given the size of the bank, the government stepped in rather quickly and it is unlikely that a bank of the size of Yes Bank would be allowed to collapse. This makes the deposits of Yes Bank safe at least for a tenure of 1-2 years.
Who is the CEO of IndusInd Bank
Sumant Kathpalia (Mar 24, 2020–)IndusInd Bank/CEOManaging Director & CEO At IndusInd Bank, Sumant Kathpalia has been part of the core leadership team that joined the Bank 12 years ago and has been pivotal in turning the bank around.
Will Yes Bank shut down
The bank cannot be shut down nor can it be merged. It has to be run with global and domestic support,” said the investor mentioned above. … Yes Bank will be managed and run as an independent and private sector bank by a professional board with no interference by SBI in its day-to-day affairs, Kumar said.
Will depositors lose money in Yes Bank
The bank has almost lost the ability to pay back to the depositors’ money. … However, the central bank affirmed depositors that “their interest will be fully protected and there is no need to panic”. The gross advances of Yes Bank stood at Rs 2.32 lakh crores while deposits were at Rs 2.09 lakh crore in October 2019.
Who will takeover Yes Bank
Collectively, LIC and SBI will acquire the 49% stake for Rs 490 crore, according to a report in the Economic Times. The stake acquisition has been approved by the RBI to rescue Yes Bank. The SBI board had late on Thursday also given the (SBI) bank an “in-principle” approval to invest in the capital-starved Yes Bank.
What is the problem with IndusInd Bank
“IndusInd Bank’s non-performing loan risks have risen in the past six months,” UBS Group AG analysts led by Vishal Goyal wrote in a recent note. They said about 30 per cent of IndusInd’s loan book is facing headwinds and also 4 per cent of total exposure could turn sour in the next 15 months.
Is IndusInd a good bank
Indusind bank service is very good thats the reason i have taken the savings account with them. I need to maintain a minimum balance of Rs. 10000. Its very easy to access the Internet banking and mobile app facility.
Who is owner of IndusInd Bank
Hinduja GroupIndusInd Bank/Owners