Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank…
Stock Market Opening: Despite mixed signals from global markets, Indian equity indices opened flat on Tuesday, August 19. The Sensex was up 94.98 points or 0.12 per cent at 81,368.73, while the Nifty gained 24.45 points or 0.10 per cent to 24,901.40 in early trade. Nifty Bank, IT, Metal and FMCG traded higher. Broader market indices…
Indian markets opened higher on Monday, July 21, despite mixed global cues. The Nifty began the session at the 25,000 mark, indicating a positive start as investors looked ahead to a heavy earnings day and key stock-specific triggers. The Sensex also opened in the green, tracking early gains in index heavyweights. In focus today are…
Axis Bank tightened its asset classification and income recognition norms, signalling a more conservative credit approach that appears to have dented the lender’s June-quarter profitability. An unexpected bottom-line shrinkage caused the stock to slump more than 5% Friday, forcing a retreat of the Nifty on which Axis Bank has the third-biggest weighting among private lenders….
Shares of Axis Bank fell sharply in early trade on Friday after the private sector lender posted a muted set of numbers for the June quarter (Q1FY26), with a significant jump in provisions weighing on profitability. Several brokerages turned cautious, trimming price targets even as operating profit remained resilient. At 9:30 AM, the stock was…