Banking industry stocks were trading higher on the BSE, as Moody’s Investors Service in its latest report on the banking sector in emerging markets has said the asset quality of Indian banks and those in Southeast Asian countries will be stable in 2023.
It stated Indian banks will benefit from a stable operating environment and significant improvements in their solvency metrics.
Bank of Baroda is currently trading at Rs. 180.40, up by 2.45 points or 1.38% from its previous closing of Rs. 177.95 on the BSE.
HDFC Bank is currently trading at Rs. 1664.05, up by 19.95 points or 1.21% from its previous closing of Rs. 1644.10 on the BSE.
State Bank Of India is currently trading at Rs. 594.55, up by 4.65 points or 0.79% from its previous closing of Rs. 589.90 on the BSE.
Axis Bank is currently trading at Rs. 932.90, up by 4.45 points or 0.48% from its previous closing of Rs. 928.45 on the BSE.
ICICI Bank is currently trading at Rs. 868.30, up by 2.00 points or 0.23% from its previous closing of Rs. 866.30 on the BSE.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.