The Reserve Bank of India announced a cut in its Cash Reserve Ratio (CRR) by 50 basis points on Friday, resulting in the release of liquidity worth Rs. 1.16 lakh Crores into the banking system and leading to a speculative positive impact on the net Interest Income or core income of the bank.
Listed below are some of the well known banks along with their key ratios that you can add to your watchlist
HDFC Bank
HDFC Bank is one of India’s leading private banks, it is engaged in providing a range of banking and financial services including retail banking, wholesale banking, and treasury operations.
With a market capitalization of Rs. 14,19,271 Crores, the shares of HDFC Bank Limited closed at Rs. 1,856.50, down 0.39 percent from its previous day’s close price of Rs. 1,863.80.
HDFC Bank Limited has a Cash Reserve Ratio (CRR) of 6.3 percent which will come down to 5.8 percent post 50 bp cut by RBI. It reported a Net Interest Margin of 3.5 percent and a CASA Ratio of 35 percent.
ICICI Bank
ICICI Bank is one of the largest private-sector banks offering a diversified portfolio of banking and financial services including Retail Banking, Treasury, and Corporate Banking, Investment Banking, Stock Broking, and many more catering to all kinds of clients.
With a market capitalization of Rs. 9,38,252 Crores, the shares of ICICI Bank Limited closed at Rs. 1,329.55, down 0.32 percent from its previous day’s close price of Rs. 1,333.80.
ICICI Bank Limited has a Cash Reserve Ratio (CRR) of 5.5 percent which will come down to 5 percent post 50 bp cut by RBI. It reported a Net Interest Margin of 4.27 percent and a CASA Ratio of 40.60 percent.
State Bank of India
State Bank of India Limited is a banking and financial services provider and India’s largest public sector bank, engaged in providing a wide range of products and services to individuals, commercial enterprises, commercial enterprises, etc. Its business segments include Treasury, corporate/wholesale banking, retail baking, insurance business, and other banking businesses.
With a market capitalization of Rs. 7,71,087 Crores, the shares of State Bank of India Limited closed at Rs. 864, down 0.10 percent from its previous day’s close price of Rs. 864.85.
State Bank of India Limited has a Cash Reserve Ratio (CRR) of 4.7 percent which will come down to 4.2 percent post 50 bp cut by RBI. It reported a Net Interest Margin of 3.29 percent and a CASA Ratio of 40.03 percent.
Bank of Baroda
Bank of Baroda is engaged offering Banking Services, Government Business, Mutual Funds, Wealth Management services, Merchant Banking, Agency, Business Insurance, and many more catering to all types of clients.
With a market capitalization of Rs. 1,36,757 Crores, the shares of Bank of Baroda Limited closed at Rs. 264.45, up 1.69 percent from its previous day’s close price of Rs. 260.05.
Bank of Baroda Limited has a Cash Reserve Ratio (CRR) of 3.7 percent which will come down to 3.2 percent post 50 bp cut by RBI. It has reported a Net Interest Margin of 3.10 percent and a CASA Ratio of 39.88 percent.
Punjab National Bank
Punjab National Bank is engaged offering Banking Services, Government Business, Mutual Funds, Wealth Management services, Merchant Banking, Agency, Business Insurance, and many more catering to all types of clients.
With a market capitalization of Rs. 1,26,595 Crores, the shares of Punjab National Bank Limited closed at Rs. 110.15, up 1 percent from its previous day’s close price of Rs. 109.05.
Punjab National Bank Limited has a Cash Reserve Ratio (CRR) of 4.4 percent which will come down to 3.9 percent post 50 bp cut by RBI. It reported a Net Interest Margin of 3.06 percent and a CASA Ratio of 39.31 percent.
Written by: Bharath K.S
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