An analyst from StoxBox said that Yes Bank struggles to hold key support levels and lacks clear directional momentum. The RSI stands at 30.85, nearing oversold territory but not yet signaling a reversal.
In the cases of RBL Bank, Bandhan Bank and Federal, there was a negative price stock reaction in the run up to the announcements (1-14 per cent), but the stock prices recovered from their lows later.
Bandhan Bank soared 8.27 per cent to Rs 146.50. RBL Bank climbed 6.62 per cent to Rs 168.90. AU SFB advanced 4.80 per cent to Rs 549.30. IndusInd Bank and IDFC First Bank were trading 1.5-1.6 per cent higher.
Banks that had hiked risk weights included Bandhan Bank, RBL Bank, IDFC First and IndusInd Bank. They may see improvement in CAR. Bandhan Bank and RBL Bank are likely to benefit the most.
Bandhan Bank's MD and CEO joined the bank in November 2024, while the two Executive Directors in 2023 and 2024. Its CFO, MFI business head and corporate banking head joined the lender in the past 12-24 months.
Bandhan Bank, UCO Bank, Natco Pharma, Ircon International Ltd, IRCTC, ACC, BEML, Titagarh Rail Systems and Tanla Platforms were among BSE MidSmallcap 400 companies hitting their 52-week lows today.
The DSP Nifty Private Bank Index Fund will primarily invest in India's top four private sector banks, comprising around 80% of the index. Investors have the option to choose between lump-sum investments or systematic investment plans (SIPs).
Among private sector banks, lenders such as ICICI Bank, Axis Bank and Kotak Mahindra Bank have reported an 18 bps, 8 bps and 29 bps dip in margins, respectively, over the past one year.
The decrease in deposit rates results in diminished returns for fixed deposit (FD) investors, particularly senior citizens who depend on interest income.
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