S&P Global revised its rating outlook on ICICI Bank to stable from negative. S&P affirmed 'BBB-' long-term and 'A-3' short-term issuer credit ratings. also affirmed 'BBB-' long-term issue rating on ICICI Bank's senior notes.
Six out of top 10 firms lose Rs 96,642 cr in market cap Six of the 10 most valued domestic firms witnessed a combined erosion of Rs 96,642.51 crore in their market valuation last week, with Reliance Industries Limited taking the biggest hit. Last week, the 30-share BSE benchmark dipped 388.96 points or 0.73 per cent. While Reliance Industries, Tata Consultancy Services, HDFC Bank, Hindustan Unilever Limited, HDFC and Kotak Mahindra Bank were the laggards, Infosys, ICICI Bank, State Bank of India and Bajaj Finance were the winners.
Where to look for leadership in banking pack in Q2? Mahantesh Sabarad answers “The theme for most of the banks is that the leadership will come once they are up and ahead in terms of cleaning up the books. if you go a little lower in terms of the banks sizes, then some of the PSU banks at the lower level -- Uco Bank, Indian Bank or even Canara Bank to some extent-- are doing relatively better when it comes to delivering a good set of results."