
YES Bank shares down 3% as 3-year lock-in period expires today
The 3-year lock-in period for SBI expires today, while for other shareholders such as Axis Bank, ICICI Bank, IDFC First Bank, HDFC Bank, it will end on March 13.
The 3-year lock-in period for SBI expires today, while for other shareholders such as Axis Bank, ICICI Bank, IDFC First Bank, HDFC Bank, it will end on March 13.
Digital Rupee is issued in the same denominations as that of paper currency and coins currently in use.
The bank reported 31% YoY growth in profit after tax (PAT) at ₹2,792 crore. The asset quality improved, while provisions increased during the quarter.
The biggest proxy for India's growth story is the banking and financial services and it comes as no surprise that the most conservative banker Uday Kotak of Kotak Mahindra Bank tops the list.
Asia's richest banker is both trusted and regarded by the private industry and the state alike.
Federal Bank shares gained 8.58% to hit a 52-week high of ₹129.7 on the BSE amid report that the private lender is in merger talks with Kotak Mahindra Bank.
Kotak Mahindra Bank, YES Bank, and ICICI Bank reported robust growth in their June quarter earnings released on Saturday
The penalty has been imposed for non-compliance with the directions issued by RBI.
Strength of institutions like the judiciary, regulators, police, government and Parliament will matter, says Kotak.
The bank’s approach to growth might seem conservative to a fault, but it is built to last.