why rbl bank share going down?
10189
Shares of RBL Bank hit a new low of Rs 102, down 7 per cent on the BSE in the intra-day trade on Wednesday, falling 20 per cent in the past three trading days on concerns of weak net earnings.
904936
Unfortunately Arvind reported an EPS drop of 42% for the last year. ... This suggests the EPS fall has made some shareholders are more nervous about the business. The P/E ratio of 7.36 also points to the negative market sentiment.
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PC Jeweller share price fell in afternoon trade today after the firm reported a net loss of Rs 376.8 crore on a standalone basis during the fourth quarter of last fiscal on account of loss in export business. ... PC Jeweller share price fell 9.37% to 73 level intra day compared to the previous close of 80.55 level on BSE.
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Shares of MRF slipped 4 per cent to Rs 57,097 apiece on BSE in the intra-day trade on Friday after the company posted 18 per cent decline in net profit at Rs 279 crore for December quarter (Q3FY19), due to higher other expenses. It had reported a profit of Rs 341 crore in a year-ago quarter.
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BT had problems before BT's problems don't start with the 2020 stock market crash. ... BT's share price has been falling for much of the past five years owing to disappointing financial performance and more recently, the fact that its dividends may be cut to finance capital spends.
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Earlier, on March 27, RBI had announced the first rate cut by 90 basis points, bringing it down from 4.90% to 4%. The drastic reduction in reverse repo rates makes it less attractive for banks to deposit excess funds with RBI.
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RBS has paid its first dividend since it was rescued from collapse by a £45.5bn taxpayer-funded bailout 10 years ago. The bank said the dividend, announced in August, was worth about £240m to 190,000 shareholders, including the state vehicle UK Government Investments, which holds the taxpayers' 62% stake.
201844
The BT share price is falling. ... The BT Group (LSE: BT-A) share price is down by 5% as I write after the company said that new government guidance on 5G equipment would cost an extra £500m over the next five years.
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CIBC shares drop 7.5% ... Shares of Canadian Imperial Bank of Commerce tumbled to their lowest level in about two months after the bank agreed to pay $2.4-billion (U.S.) to settle a longstanding legal dispute with Enron investors.
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The Co-operative Bank and HSBC have announced that they will pass on the full reduction of the Bank of England Base Rate to their mortgage customers. ... These changes mean HSBC's residential SVR reduces from 4.19% to 3.69% and its buy-to-let rate is cut from 5.25% to 4.75%.
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In recent weeks, Lloyds Bank (LSE: LLOY) shares have plummeted due to the economic uncertainty associated with the coronavirus outbreak. In the space of just a month, Lloyds' share price has fallen from around 57p to 43p, a decline of about 25%.
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Reserve Bank cuts interest rates to historic low of 0.75% to boost weak economy. Australia's central bank has cut the official cash rate by 0.25% to a new record low of 0.75%. ... The RBA's cut marked the third reduction in the cash rate in five months.
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Zee Entertainment (ZEEL) shares plunged more than 30% today after reports of promoters selling stake in the company gained momentum. Also, the news about ZEEL being probed on having a link with ESSEL group in demonetization deposits triggered the stock's worst-ever fall.
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Recent slump in the bank's share price has pushed out the timeline of special buyback. ... AIB's shares have fallen 42 per cent in the past 12 months to €2.85 amid concerns over Brexit and the impact of lower-for-longer Central Bank rates on earnings across the sector.
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Shares of DCB Bank plunged 16 per cent on Wednesday after the company witnessed a rise in its bad loan proportion during the quarter ended June. ... Net NPAs rose to 0.81 per cent, compared with 0.72 per cent a year ago. The shares of the bank closed 16.39 per cent lower Rs 199.65 on BSE.
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Axis Bank shares were trading as the top loser on NSE since opening bell today, falling as much as 5.21% after S&P Global Ratings lowered the lender's ratings due to increased economic risks for banks operating in India. ... The stock has fallen 5.86% in one week and 46% since the beginning of this year.
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A cut in SLR means that the home, car and commercial loan rates will go down. It also means that banks will now have the option of selling Rs 40,000 crore of government securities that until now formed part of their statutory investments. The RBI is empowered to increase this ratio up to 40%.