State Bank of India (SBI) , the Public Sector Banking and Financial services company remains among top picks of Centrum with target price of Rs.665 indicating more than 9% upside for the stock from current market price of close to Rs. 608
The bank has reduced FD rates by up to 25 basis points (bps) on some tenures
The Mumbai-bench of the National Company Law Tribunal (NCLT) had given its clearance to the HDFC-HDFC Bank merger in an order issued on March 17
The net profit however missed street estimates. Analysts had forecast a profit of ₹13,212 crore, according to Refinitiv data
Net interest income (NII) jumped by 23.7% to f 23,351.8 crore in the quarter under review
The benchmark equity indices rallied over 2.5 per cent in the morning trade on Monday as the merger announcement of HDFC Ltd and HDFC Bank
India's largest private lender HDFC Bank will merge with the country's largest housing finance company HDFC Ltd
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