Foreign Institutional Investors (FIIs) have significantly boosted the banking sector with an inflow of $2.5 billion in the last quarter. This surge in investment highlights growing confidence in the sector’s stability and growth prospects, driving stock prices and enhancing overall market sentiment.
Here are the bank stocks in which FII increased their stake up to 7.49%
Canara Bank
Canara Bank Limited is an Indian bank. The Bank’s segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, Life Insurance Operations, and Other Banking Operations. Personal and business banking are among the diverse products and services offered by the bank.
With a market capitalization of Rs 1.02 lakh crore, the shares closed at Rs 112.85 per share, decreased around 2.55 percent as compared to the previous closing price.
The foreign institutional investors of the company increased their stake by 1.34%, from 10.57% in Q4FY24 to 11.91% in Q1FY25. Additionally, 13.94% is owned by retail investors, 11.19% is held by domestic institutional investors, and 62.93% is owned by promoters.
The company’s revenue stood at Rs 29,286 crore in Q4FY24, during the same time frame, net profit stood at Rs 3,991 crore.
CSB Bank Ltd
CSB Bank Ltd works in four segments: SME banking, retail banking, wholesale banking, and treasury activities. It provides a range of banking services, including personal, NRI, agri/financial inclusion, SMEs, and corporate banking.
With a market capitalization of Rs 6,183.03 crore, the shares closed at Rs 356.40 per share, decreasing around 1.44 percent as compared to the previous closing price.
The foreign institutional investors of the company increased their stake by 7.49%, from 4.93% in Q4FY24 to 12.42% in Q1FY25. Additionally, 26.34% is owned by retail investors, 18.71% is held by domestic institutional investors, and 40.00% is owned by promoters.
The company’s revenue stood at Rs 795 crore in Q4FY24, during the same time frame, net profit stood at Rs 151 crore.
Yes Bank Ltd
Yes Bank Limited provides a variety of products, services, and technology-driven digital offerings to its corporate, retail, and micro, small, and medium-sized company (MSME) clients. The company provides banking services such as corporate and institutional banking, financial markets, and investment banking.
With a market capitalization of Rs 77,649.77 crore, the shares were trading at Rs 24.78 per share, decreased around 3.80 percent as compared to the previous closing price.
The foreign institutional investors of the company increased their stake by 5.07%, from 22.01% in Q4FY24 to 27.08% in Q1FY25. Additionally, 34.82% is owned by retail investors and 38.10% is held by domestic institutional investors.
The company’s revenue stood at Rs 7,458 crore in Q4FY24, during the same time frame, net profit stood at Rs 467 crore.
Written by:- Abhishek Singh
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