Analysts said any migration of low-cost current and savings accounts (CASA) from private lenders is likely to benefit large state-sector banks, particularly "There will be greater scrutiny of government deposits in private sector banks, and some balances could migrate to PSU banks over the medium term, particularly impacting CASA," said Suresh Ganapathy, head of Financial Services Research at Macquarie Capital. "Post-Covid, CASA ratios across the system have already declined by 500-600 basis points from pe ...

Analysts said any migration of low-cost “There will be greater scrutiny of ET had reported that the Haryana government has de-empanelled IDFC First Bank and “We have deep relationships with our government clients. We do not believe this will pose a systemic issue, but we are committed to further strengthening our processes and service standards,” said V Vaidyanathan, Managing Director of IDFC First Bank, on an analyst call.Live EventsMost large private sector banks have meaningful exposure to state and cen ...

Equity benchmark indices Sensex and Nifty closed higher on Monday (February 23, 2026), tracking gains in PSU bank, auto and financial stocks, as investors' sentiments improved after the U.S. Supreme Court struck down the Trump administration's sweeping tariffs.The 30-share BSE Sensex climbed 479.95 points, or 0.58%, to settle at 83,294.66. During the session, the benchmark jumped 671.44 points, or 0.81%, to hit an intraday high of 83,486.15.Also Read | Tariffs in trouble: On the U.S. Supreme Court and Donal ...

Shares of IDFC First Bank tumbled as much as 20% on Monday after the lender disclosed over the weekend that a ₹590-crore fraud had occurred at its Chandigarh branch involving Haryana government-linked accounts, prompting the Reserve Bank of India to step in with assurances that there was no systemic risk.The stock fell sharply in early trade on the National Stock Exchange, slipping nearly 20% intraday to around ₹66.80 per share before trimming some losses.According to the bank, the fraud pertains to a parti ...

Market Overview - Markets opened positively following the US Supreme Court's ruling against President Trump's emergency tariffs, with the Sensex rising to ₹83,336.04, up ₹521.33 or 0.63% [1] - The Nifty 50 also saw gains, climbing to ₹25,731.00, an increase of ₹159.75 or 0.62% [1] Tariff Changes - The Supreme Court's decision invalidated approximately $160–175 billion in tariffs imposed under the International Emergency Economic Powers Act (IEEPA) [2] - President Trump responded by invoking Section 122 of the Trade Act of 1974, imposing a new 10–15% global tariff for 150 days, which is expected to face legal challenges [2] - For India, this effectively reduces tariffs on exports to around 10% [2] Market Sentiment and Technical Analysis - The US Supreme Court's ruling is viewed positively, but it may not lead to a sustained market rally as fundamentals are still key [3] - The Nifty's immediate pivot is at 25,500, with resistance levels at 25,700–25,750; a move above 25,800 could lead to 26,000 [3] Sector Performance - Banking stocks led the market recovery, with the Bank Nifty closing at ₹61,172, up 432 points, and trading above key moving averages [4] - Among Nifty 50 gainers, Adani Ports rose by 2.86% to ₹1,554.80, and Axis Bank increased by 2.02% to ₹1,395.90, indicating strength in financial services and infrastructure [5] Underperformers - ONGC was the worst performer, falling 2.14% to ₹272.70 due to rising crude oil prices amid US-Iran tensions [6] - IT stocks like Infosys and Wipro also faced declines, contributing to a broader technology sector downturn [6] Institutional Flows - Foreign Institutional Investors sold equities worth ₹934 crore, while Domestic Institutional Investors bought equities worth ₹2,637 crore [7] Corporate Developments - IDFC First Bank reported a significant internal fraud estimated at ₹590 crore, prompting a forensic audit [8] Market Caution - Analysts caution that market sentiment may remain weak as long as it stays below the 50-day SMA of 25,770/83,200 [9]

Financial Institutions - IDFC First Bank reported fraudulent activities involving Rs 590 crore from accounts linked to the Haryana government, with four employees suspended pending investigation [1] - YES Bank expects to close the financial year with a return on assets of 1%, reporting a net profit of Rs 952 crore for the December quarter, a growth of 55% year-on-year and 45% quarter-on-quarter [6] - State Bank of India aims to increase green advances to 7.5-10% by 2030, with 25% of these advances funded through green lines of credit, while the current green advances portfolio stands at 1.56% of total advances as of March 2025 [4][11] Energy Sector - Adani Group Chairman Gautam Adani reviewed power investments exceeding Rs 40,000 crore in Jharkhand and Bihar, highlighting the group's expanding presence in eastern India [5][11] - Coal India's Gevra mine is projected to become the world's top coal-producing mine next year, achieving an output of 63 million tonnes, surpassing US mines [8][11] Electric Vehicle Industry - Ola Electric plans to reduce its physical store count to about 550 by March-end, following a significant decline in market share and operational challenges, just a year after expanding to 4,000 stores [7][11] Cybersecurity - Zscaler, in partnership with Bharti Airtel, launched the AI and Cyber Threat Research Center to enhance national cyber resilience, focusing on critical sectors such as telecommunications, banking, and energy [10][11] Financing Activities - Vedanta Resources raised $350 million from global banks to refinance upcoming maturities and interest payouts, with participation from Middle Eastern lenders and major global banks [9][11]

Core Insights - The article highlights the current fixed deposit (FD) interest rates offered by small finance banks, private sector banks, and public sector banks, indicating that small finance banks provide some of the highest rates in the sector, with returns reaching up to 7.90% per annum for select tenures [2][9]. Small Finance Banks - Small finance banks are offering competitive FD interest rates, with the highest rate being 7.90% per annum for a tenure of 5 years at Suryoday Small Finance Bank [2][3]. - Other notable rates include: - Jana Small Finance Bank: 7.77% for tenures above 3 years to 5 years [3]. - Equitas Small Finance Bank: 7.20% for 888 days [3]. - AU Small Finance Bank: 7.10% for a tenure of 30 months to 36 months [3]. Private Sector Banks - SBM Bank India offers the highest FD interest rate of 7.30% per annum for a tenure above 18 months to less than 2 years and 3 days [4][9]. - Bandhan Bank and RBL Bank both provide a rate of 7.20% for tenures of 18 months to less than 3 years [4][9]. - Other rates include: - Axis Bank: 6.45% for tenures from 15 months to 10 years [5]. - DCB Bank: 7.15% for a tenure of 60 months to 61 months [6]. Public Sector Banks - Punjab & Sind Bank offers the highest interest rate of 6.75% for a tenure of 666 days [7][9]. - Bank of India provides an FD interest rate of 6.70% for a tenure of 450 days [7][9]. - Other notable rates include: - Bank of Maharashtra: 6.65% for a tenure of 400 days [8]. - Canara Bank: 6.50% for a tenure of 555 days [8].

Sensex traded over 100 points higher at 83,979, while the 50-share Nifty index began trading over 50 points in the green, above 25,850 level.On the 30-share Sensex, Infosys, Eternal, On the downside, IndiGo, Asian Paints, Expert viewsLive EventsHowever, near-term sentiment is expected to stay measured, with selective profit booking emerging in high-valuation pockets and lingering uncertainty in the IT sector amid global AI-led disruption concerns. Overall, the undertone remains constructive, supported by d ...

Speaking to ET Now, Bandyopadhyay said the valuation gap between PSU banks and private lenders remains significant and could narrow further, making current levels still attractive for long-term investors.PSU banks: Valuation gap yet to closeDespite the recent surge in the PSU Banking Index, Bandyopadhyay believes the re-rating story is not over.“There is still a meaningful valuation gap between PSU banks and private peers. I am not saying they will command the same valuation multiples as He highlighted Liv ...

Market Performance - Stock markets closed higher for the second consecutive session, with the BSE Sensex rising by 173.81 points, or 0.21%, to close at 83,450.96, and the NSE Nifty advancing by 42.65 points, or 0.17%, to settle at 25,725.40 [1][4] Sector Performance - Major gainers among the Sensex constituents included ITC, Bharat Electronics Ltd., Larsen & Toubro, Infosys, Asian Paints, Titan, Adani Ports, HCL Technologies, Sun Pharmaceuticals, Maruti Suzuki India, IndiGo, State Bank of India, and Tech Mahindra [2] - Conversely, stocks that ended with losses included Eternal, Tata Steel, Trent, Reliance Industries, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Bharti Airtel, Kotak Mahindra Bank, and Hindustan Unilever [2] Broader Market Indices - Broader indices also showed positive movement, with the BSE Smallcap Select Index rising by 0.49% and the Midcap Select Index gaining 0.26% [3] Foreign and Domestic Investment - Foreign institutional investors sold equities worth ₹972.13 crore, while domestic institutional investors purchased stocks worth ₹1,666.98 crore [4] Commodity Prices - Brent crude, the global oil benchmark, fell by 0.79% to $68.13 per barrel [4]