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.
banking industry
November 2023
October 2023
ESAF Small Finance Bank shares list at 20% premium over IPO price
Post listing, ESAF SFB shares gained as much as 24.5% to hit a high of ₹74.7 on the BSE.
ESAF Small Finance Bank raises ₹135.15 cr from anchor investors; IPO opens today
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.
SBI raises ₹10,000 crore via bonds; stock rises over 1%
The issue was oversubscribed almost 4 times with bids of ₹15,907 crore against the base issue size of ₹4,000 crore, said SBI.
PNB shares jump 4% on record Q2 profit; surge 43% in 6 months
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 appoints Ashok Vaswani as MD & CEO; stock falls 3% post Q2
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.
Should investors buy, sell, or hold HDFC Bank shares after Q2? What brokerages say
Analysts broadly remain positive on HDFC Bank’s shares with most of them lowering their target prices on the stock.
Federal Bank Q2 profit rises 35.5% to ₹953 cr; net income up by 33.6%
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.
IndusInd Bank shares rise as SBI MF to buy 9.9% stake
The RBI on October 11 gave approval to SBI Mutual Fund to acquire 9.99% of the paid-up share capital in IndusInd Bank.
SBI’s Banker For All Seasons
Betting big on digital, Dinesh Khara has taken India’s biggest lender to dizzying new heights.
