Summary Marketline's Central Bank of India Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Central Bank of India - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Inv...
Summary Central Bank of India - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Central Bank of India (CBI) offers a wide range of retail and corporate banking, and other related financial solutions. The bank offers a wide range of loans to various sectors such as retail, agr...
CANARA BANK: Operating performance healthy; loan growth gaining traction (CBK IN, Mkt Cap USD5.7b, CMP INR259, TP INR340, 31% Upside, Buy) Asset quality continues to improve Canara Bank (CBK) reported a healthy performance with 19% YoY NII growth (3% beat) driven by 8bp margin expansion in 2QFY23. This coupled with healthy treasury gains and traction in fee income drove overall earnings. The bank has further adopted the new tax regime and provided deferred tax worth INR24.5b. Tax rate for 2...
STATE BANK OF INDIA: Treasury drag behind; earnings set to soar (SBIN IN, Mkt Cap USD59.8b, CMP INR531, TP INR625, 18% Upside, Buy) SBIN reported a 14% YoY growth in core PPOP. However, higher treasury losses (INR65.5b) dented earnings, which declined 7% YoY to INR60.7b. NII stood a tad weaker. However, the outlook remains encouraging as the bank benefits from the re-pricing of its floating rate loan portfolio, amounting to 74% of total loans. We expect NII to grow at an average 16% over FY...
CANARA BANK (IN), a company active in the Money Center Banks industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Positive. As of the analysis date February 4, 2022, the closing price was INR 261...
The general evaluation of PUNJAB NATIONAL BANK (IN), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 14, 2022, the closing ...
The general evaluation of STATE BANK OF INDIA (IN), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 7, 2022, the closing pr...
(SBIN IN, Mkt Cap USD48.8b, CMP INR407, TP INR600, 47% Upside, Buy) SBIN has demonstrated a strong improvement in asset quality, with GNPAs declining by 43% over the past three years, while PCR increased to 68% currently from 40% four years back. Fresh slippages moderated sharply to 1.2% in FY21 (2.5% in 1QFY22), lower v/s many of its private peers. AUCA book stood at INR1.72t - higher than the GNPL pool, with recoveries in the 6-11% range. Over the past five years, the bank has reco...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
STATE BANK OF INDIA: Gaining momentum in earnings; asset quality outlook strong (SBIN IN, Mkt Cap USD55b, CMP INR457, TP INR600, 31% Upside, Buy) SMA/Restructured portfolio under tight control State Bank of India (SBIN) reported a steady quarter, with an earnings beat of 12% on MOSLE. This was aided by controlled provisions despite a challenging environment. Core operating performance was in-line. Asset quality ratios deteriorated marginally on elevated slippage in Retail/SME. However, ...
PUNJAB NATIONAL BANK: Sees a recovery in operating performance; remains watchful of asset quality (PNB IN, Mkt Cap USD6b, CMP INR40, TP INR45, 12% Upside, Neutral) Slippages remain elevated PNB reported a healthy performance, supported by a pick-up in NII and lower opex, even as provisions stood stable sequentially. Business growth remains under pressure, with a sequential decline in loans/deposits. However, margin witnessed ~5bp QoQ improvement to 2.73%. Slippages stood elevated (~6.2%...
Summary United Bank of India - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights United Bank of India (UBI) is a provider of a range of retail, commercial, and international banking solutions to individuals, SMEs, non-resident Indians (NRIs), and corporates. Its offer...
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