BSE BANKEX News and Updates

Keep track of all breaking news on BSE BANKEX from all sources in a single place.

Load latest

State Bank of India

07 Apr 2025

788.65

-2.94%

SBI economists expect 75-100 bps cumulative policy rate reduction by March 2026

Business Line

They expect retail inflation to come down to 3.8 per cent in Q4 (January-March) FY25 and average to 4.6 per cent in FY25

State Bank of India is trading below its 200 day SMA of 795.4

Federal Bank Ltd.

07 Apr 2025

196.68

-3.31%

Broker's call: Federal Bank (Outperform)

Business Line

CLSA

Federal Bank Ltd. has an average target of 224.32 from 13 brokers.

Bank of Baroda

07 Apr 2025

249.93

-1.30%

Bank of Baroda launches retail term deposit of 444-days tenor at 7.15%

Business Line

With interest rates trending downwards, the new scheme offers depositors an attractive option to lock in higher rates and earn stable and assured returns on their savings

Bank of Baroda has an average target of 290.14 from 7 brokers.

Axis Bank Ltd.

07 Apr 2025

1185.00

-0.19%

Axis Bank starts 'in-app mobile OTP' to protect users from frauds, scams

Business Standard

This feature eliminates dependence on telecom networks by generating time-based one-time passwords (TOTP) directly within the app, instead of sending OTPs via SMS.

Axis Bank Ltd. has an average target of 1297.79 from 14 brokers.

HDFC Bank Ltd.

07 Apr 2025

1925.00

0.85%

Securitisation volumes jump 24% to hit new record of 2.35 trn in FY25

Business Standard

Securitisation volumes in FY25 increased 24 per cent to hit the highest level of Rs 2.35 lakh crore, a report said on Monday. The volumes of securitisation, which involves passing on future receivables on a loan to address upfront liquidity needs, were lower in the fourth quarter at Rs 58,000 crore as against Rs 63,000 crore and Rs 70,000 crore recorded in the preceding two quarters, as per the report by rating agency Crisil. The jump in FY25 volumes was driven by large deals originated by private sector banks and also non-bank finance companies, it said. Largest private sector lender HDFC Bank has been very active on issuances in FY25 in order to improve its credit-deposit ratio after merging mortgage major parent HDFC into it. The Crisil report said number of issuers increased to 175 in FY25, from 165 entities in the year-ago period. The share of securitisation by banks increased sharply to 26 per cent in FY25 from 5 per cent in FY24 as a few banks used securitisation to manage

KRChoksey downgraded HDFC Bank Ltd. to Accumulate with a price target of 2076.0 on 23 Apr, 2025.

YES Bank Ltd.

06 Apr 2025

17.72

-1.50%

Internal restructuring to deliver seamless, consistent solutions: YES Bank

Business Standard

The internal restructuring is a strategic initiative designed to ensure seamless and consistent solutions at every touchpoint

YES Bank Ltd. is trading above its 50 day SMA of 17.4

YES Bank Ltd.

05 Apr 2025

17.72

-1.50%

Internal restructuring strategic move for seamless solutions: YES Bank

Business Standard

As part of organisational streamlining process, bank is harnessing synergies across all functions to optimise efficiencies and enhance customer experience, it said

YES Bank Ltd. has an average target of 20.00 from 1 broker.

State Bank of India

05 Apr 2025

788.65

-2.94%

SBI report urges India to expand PLI scheme as Trump announces reciprocal tariffs

Business Line

The report stated that India has a strong opportunity to benefit from the global shift in trade, especially with the US imposing higher tariffs on Chinese goods