SBI, ICICI Bank unfazed by Fitch downgrade; settle with gains

Last Updated: Wednesday, June 20, 2012, 21:12

Stocks of as many as seven banks, whose credit rating outlook was lowered to negative from stable by global agency Fitch, remained unaffected by the move and settled with gains of up to 1.3 percent Wednesday.

Banks, realty stocks hit hard as RBI keeps rates unchanged

Last Updated: Monday, June 18, 2012, 20:34

Leading the fall in the broader market, rate sensitive banks and realty stocks Monday witnessed intense selling pressure and declined by up to 4.3 percent as RBI in an unexpected move kept interest rates unchanged.

No rate cut: SBI, ICICI, DLF stocks battered

Last Updated: Thursday, March 15, 2012, 18:32

Interest rate sensitive counters including ICICI Bank, DLF, M&M took a beating on bourses Thursday as investors, who were expecting the RBI to ease its tight monetary policy, were disappointed with the central bank maintaining status quo.

Bank shares rally on CRR cut

Last Updated: Monday, March 12, 2012, 11:48

Led by SBI, bank stocks on Monday rallied on the bourses in the morning trade following the cash reserve ratio cut by the Reserve Bank on Friday.

PSU bank stocks lose ground on telecom exposure

Last Updated: Thursday, February 2, 2012, 17:42

Shares of public sector lenders, including SBI and Punjab National Bank, fell on the bourses on Thursday on concerns about their telecom sector exposure in the wake of a Supreme Court verdict cancelling as many as 122 2G licences granted by former telecom minister A Raja.

Credit Suisse cuts SBI target price

Last Updated: Friday, August 19, 2011, 16:55

Credit Suisse has cut its target price of State Bank of India to 2,180 rupees from 2,483.07 rupees, but has maintained its 'neutral' rating on the stock as it expects profitability to continue to be under pressure for the country's largest lender.