Eight PSU banks register more than 50% rise in Q4 net profit; Bank of Baroda tops the list

Bank of Baroda leads the way with a 168% YoY rise in Q4FY23 net profit to ₹4,775 crore. Bank of Maharashtra, Bank of India, Union Bank of India, Canara Bank, and Central Bank of India also delivered strong profit growth in Q4FY23.

SBI: Brokerages retain 'buy' calls after bank posts highest-ever quarterly profit; see 15-35% upside

Brokerages retained their bullish outlook on the stock post the Q4 numbers. Strong fundamentals, continued growth momentum, margin expansion and robust asset quality will drive the stock going ahead.

Mcaps of four of top 10 valued firms fall by ₹56,006 crore; HDFC twins take biggest hit

<ul><li>The valuation of HDFC Bank tumbled ₹34,547.61 crore to ₹9,07,505.07 crore, the most among the top 10 firms.</li></ul>

Stocks to buy: B&amp;K Securities lists top 5 picks for May including SBI

B&amp;K Securities believes India’s long-term story remains intact, however, in near term, key drivers – both global and local – remain uncertain, implying that focus has to be on bottom-up stock picking. It has chosen 5 'stocks of this month' as it sees good near-term traction in them.

Stocks to buy: B&K Securities lists top 5 picks for May including SBI

Mcap of nine of top-10 most valued firms jumps ₹1.84 lakh crore; Reliance Industries, SBI shine

<ul><li>The valuation of Tata Consultancy Services (TCS) advanced ₹19,886.94 crore to ₹11,76,750.92 crore and that of Bharti Airtel gained ₹18,874.22 crore to ₹4,45,509.68 crore.</li></ul>

SBI to launch new current, savings accounts: Report

SBI expects that its domestic deposits and domestic advances will grow by about 12 per cent and about 16 per cent y­o­y, respectively, in FY24

State Bank of India: Motilal Oswal says SBI can rise nearly 40%; Key reasons

India's largest public sector lender, State Bank of India (SBI) has also lost over 15 percent in 2023 YTD after a 35 percent rise in 2022. In the last 1 year, the stock is up just 6 percent.

Nifty PSU Bank down 15% this year; have these lenders lost their mojo?

The Nifty PSU Bank index is down almost 15 percent year-to-date against a 7 percent fall in the Nifty Bank and private bank indices and a nearly 6 percent fall in the equity benchmark Nifty50.

SBI raises prime lending rate, base rate from today, highest BPLR in 27 years

The last time when SBI’s benchmark prime lending rate was higher than 14.85% was in Sep 1996 when it hit 15.50%

M-cap of five of top 10 valued firms climbs ₹88,605 crore; SBI, ICICI Bank biggest gainers

<ul><li>While HDFC Bank, ICICI Bank, State Bank of India, HDFC and Bharti Airtel witnessed gains in their market valuation, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever and ITC were the laggards.</li></ul>

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Eight PSU banks register more than 50% rise in Q4 net profit; Bank of Baroda tops the list

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