ICICI Bank emerges the Street's top pick in April, beating peers HDFC Bank, Kotak Bank moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Brokerage firms tracking YES Bank said the lender may report a strong performance in the terms of bottomline, but the net interest income and asset quality may remain under pressure
YES Bank shares rose about 1.89 per cent to Rs 26.44, during the trading session on Friday, commanding a total market capitalization of around Rs 76,000 crore.
Growing concerns over slower-than-expected margin recovery, amid weak deposit growth have caught HDFC Bank s investors off guard.
HDFC Bank s stock on Wednesday plunged nearly 9 per cent to hit an intraday low of Rs 1,527 on the BSE after reporting weaker-than-expected earnings in the third quarter (October - December) of the current financial year (Q3FY24).
The shares of India s biggest private lender closed at Rs 1,536.9, down 8.46 per cent.
Private banks face NIM compression amid higher cost of funds financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.