Aakash K Hindocha of Nuvama Wealth Management recommends buying Bharat Electronics Ltd, Canara Bank, and TVS Motor Company on June 15, 2026. The report details technical outlooks, buy/stop loss/target levels, and market trends, noting the BSE market cap exceeding $5 trillion.
Bank of Baroda and Canara Bank have increased their MCLR rates by up to 5 bps on select tenures, effective June 12, 2026. This follows the RBI's decision to maintain the repo rate at 5.25%. HDFC Bank also recently adjusted its MCLR rates.
CBSE successfully thwarted a 3.8 million-packet DoS cyberattack on its verification and re-evaluation portal, processing over 56,000 student requests. The incident highlights ongoing scrutiny of the Board's digital infrastructure.
Canara Bank's Q4 net profit dropped 10% due to treasury losses from rising bond yields. The bank aims to protect net interest margins (NIM) by focusing on core income, expecting advances growth of 11-12% and deposit growth of 9-10% in FY26, with strong asset quality and low slippage ratio.
Canara Bank's executive director SK Majumdar expressed confidence in the lender's outlook for FY27, citing stabilized margins, strong asset quality, and the ability to absorb upcoming ECL provisioning requirements without needing to raise fresh capital.
