State Bank of India & Axis Bank — Axis Direct

State Bank of India: The State Bank of India reopened the FCNR-B deposit window and allowed External Commercial Borrowing raisings, offering to bear hedging costs and exempting deposits from SLR and CRR requirements. These measures aim to strengthen foreign exchange reserves and support capital inflows into India.

Axis Bank — Axis Direct: Axis Bank — Axis Direct, a brokerage firm, provided a positive assessment of HDFC Bank's business outlook, highlighting corporate and retail growth drivers and assigning a target price of Rs 975 per share.

State Bank of India: The State Bank of India has implemented measures to contain the impact of the Iran war on the rupee and foreign exchange reserves, but faces increasing pressure to address inflation and slowing economic growth.

Axis Bank — Axis Direct: Axis Bank — Axis Direct is an analyst firm providing commentary on the narrowing scope for cost-cutting and potential for sharper price hikes or margin hits.

State Bank of India: Bank stock was among the winners on August 12.

Axis Bank — Axis Direct: Head of Research Rajesh Palviya commented on crude prices.

State Bank of India: The State Bank of India is expected to keep policy rates unchanged, but faces upward pressure on domestic bond yields due to fiscal deficit and energy costs.

Axis Bank — Axis Direct: Axis Bank — Axis Direct is an analyst firm providing commentary on the narrowing scope for cost-cutting and potential for sharper price hikes or margin hits.