Private sector banks reported a robust profile with healthy growth in net interest income (NII), credit offtake, and reduction in provision burden for Q4FY23
In the quarter ended March 31, 2023, private banks' gross non-performing assets (gross NPAs), in absolute amounts, declined by 32.3% to Rs 1.12 lakh crore from Rs 1.65 lakh crore at the end of March 2022
Experts are bullish on the banking sector as major banks have cleaned up their balance sheets. All the earlier corporate credit losses were cleaned up as well. Given the high interest rates, clean balance sheets, banks in India are well-placed
As per analysts, banks in India are trading at multi-year low valuation multiples and offer a good investment opportunity. Here are the best bank stocks that you can buy in 2023
HDFC Bank shares were trading at Rs 1,656.75 on the NSE on Friday at 10:22, up marginally from Thursday's closing price. HDFC Bank share price has jumped more than 27% in the last one year
Kotak Institutional Equities, ICICI Securities, Sharekhan, Prabhudas Lilladher, Investec, Motilal Oswal Financial Services, all have a buy rating on HDFC Bank stock with a target price of up to Rs 1,990 per share
ICICI Bank shares were trading at Rs 936.40 on the NSE on Friday at 10:22 am, down marginally from Thursday's closing price. In the last one year, ICICI Bank share price has jumped more than 34%
Brokerage firms JM Financial, Kotak Securities, HDFC Securities, Choice Broking, LKP Securities, Motilal Oswal, all have a 'buy' call on the stocks with a target price of up to Rs 1,165 per share
Axis Bank shares were trading at Rs 902.45 on the NSE on Friday at 10:30 am, up marginally from Thursday's closing price. Axis Bank share price has jumped nearly 40% in the last one year
Yes Securities, Prabhudas Lilladher, JM Financial Services, HDFC Securities, Motilal Oswal, ICICI Securities, Kotak Securities, all have a 'buy' rating on the stock with a target price of up to Rs 1,130 per share
IndusInd Bank shares were trading at Rs 1,184 on the NSE on Friday at 10:45 am, down marginally from Thursday's closing price. In the last one year, IndusInd Bank share price has jumped around 36%
UBS, Jefferies, Prabhudas Lilladher, ICICI Securities, Sharekhan, Motilal Oswal, all have a 'buy' rating on the IndusInd Bank, while Morgan Stanley has an 'Outperform' rating on the lender's shares
Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position