
RBI imposes fines on Axis Bank, Manappuram Finance, Anand Rathi Global Finance
The central bank slapped fines of ₹90.92 lakh on Axis Bank, ₹42.78 lakh on Manappuram Finance, and ₹20 lakh on Anand Rathi Global Finance.
The central bank slapped fines of ₹90.92 lakh on Axis Bank, ₹42.78 lakh on Manappuram Finance, and ₹20 lakh on Anand Rathi Global Finance.
Post listing, ESAF SFB shares gained as much as 24.5% to hit a high of ₹74.7 on the BSE.
The IPO price band for ESAF SFB has been fixed at ₹57-60 per share, which will fetch ₹463 crore at the upper end of the issue price.
The issue was oversubscribed almost 4 times with bids of ₹15,907 crore against the base issue size of ₹4,000 crore, said SBI.
Punjab National Bank’s Q2 net profit zoomed 327% YoY to ₹1,756 crore, which was the highest in the last 14 quarters.
Kotak Mahindra Bank has reported 24% YoY rise in net profit at ₹3,191 crore for Q2 FY24, driven by improvement in net interest income and lower bad loans.
Analysts broadly remain positive on HDFC Bank’s shares with most of them lowering their target prices on the stock.
The company’s operating profit surged by 9.26% to ₹1,324.45 crore as against ₹1,212.24 crore in the same period last year.
The RBI on October 11 gave approval to SBI Mutual Fund to acquire 9.99% of the paid-up share capital in IndusInd Bank.
Betting big on digital, Dinesh Khara has taken India’s biggest lender to dizzying new heights.