If you have an account in State Bank of India, HDFC Bank, Punjab National Bank, Axis Bank, Bank of Baroda, HDFC Bank, then there is very important news for you, because in the coming days you may face problems in banking services. Banks will be closed for 7 days from March 27 to April 4, but in the meantime, another worrying news is that you may face problems in online banking as well.

Shares of ICICI Bank rallied 6 per cent to hit a record high of Rs 568 on the BSE in intra-day trade on Monday after reporting strong December quarter (Q3FY21) results, with net profit increasing 19 per cent at Rs 4,940 crore, on steady revenue growth. The private sector lender had posted a net profit of Rs 4,146 crore in the quarter ended December 2019 (Q3FY20). The stock surpassed its previous high of Rs 561, touched on January 13, 2021.

Shares ICICI Bank leapt 7 per cent to Rs 418.65 on the BSE on Monday after the lender reported six-fold jump in standalone net profit at Rs 4,251 crore in quarter ended September 2020 (Q2FY21) on account of growth in net interest income (NII) and lower credit cost as the bank did not make Covid-related provisions. It had posted a net profit of Rs 654.9 crore in the July-September 2019 (Q2FY20).

Shares of ICICI Bank extends its gains into fourth straight day, up 2.2 per cent to trade at Rs 388.85 on the BSE on Tuesday after Societe Generale on Monday offloaded shares of the bank worth nearly Rs 341 crore through an open market transaction.

"As per the block deal data on the BSE, 9 million scrips of the private lender were sold by Societe Generale at a price of Rs 378.6 per scrip. The total deal value stood at Rs 340.74 crore, said a PTI report.

Companies in India are selling equity at an unprecedented rate, seeking to prepare themselves for what’s forecasted to be the economy’s first contraction in four decades.

The country’s firms have sold $8.9 billion worth of new shares year-to-date, the most on record for such a period, according to data compiled by Bloomberg. Banks account for more than half the total, having raised $5.6 billion this year.

Shares of ICICI Bank gained as much as 3 per cent to Rs 374.15 on the BSE on Tuesday after the private lender launched its qualified institutional placement (QIP), setting the floor price at Rs 351.36 per share.

The bank plans to raise up to Rs 15,000 crore to support business growth and create a buffer to absorb any shock from the economic disruption caused by the coronavirus pandemic.

Stocks traded in the green in the opening session on Thursday as market benchmark SENSEX jumped over 700 points and stood at 30,619.77, amid strong investment. Meanwhile, Nifty rose more than 200 points to 8,952.70.

Sensex components like HDFC, ICICI Bank, ONGC, Tech Mahindra, Axis Bank, and Hero MotorCorp were trading on a positive note. All NSE components were trading in the green, with Nifty Pharma and Financial Services gaining the highest.

Indian benchmark indices Sensex and Nifty extended their opening loses on Monday with the former losing 1950 points or 5.72% and the latter shedding 440 points or 4.43%.

About 190 shares have advanced, 730 shares declined, and 62 shares are unchanged.

The total market capitalisation of companies listed on the Bombay Stock Exchange (BSE) hit an over 32-month low on Thursday as the benchmark indices crashed over 7 per cent after the World Health Organization (WHO) declared the worldwide outbreak of the new coronavirus as pandemic.

Investors had lost a whopping nearly Rs 11 trillion in the stock markets till 11:10 am today. The total investor wealth, measured in terms of the cumulative market value of all listed stocks on the BSE, fell by Rs 10.97 trillion to Rs 126.15 trillion, exchange data shows.

NEFT Timings: Customers of SBI, HDFC Bank, Axis Bank, Punjab National Bank, ICICI Bank or any other commercial lender can do National Electronic Funds Transfer (NEFT) transactions 24×7 from today. The facility will now be available on any day of the week or month, including holidays. The Reserve Bank of India (RBI) has allowed this facility to be available at all times throughout the year.

For smooth settlement of NEFT transactions, the RBI has decided to provide additional collateralised intra-day liquidity facility.

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