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.
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October 2023
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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.
HDFC AMC gets RBI nod to buy stake in Karur Vysya Bank, DCB Bank; stocks rise up to 4%
HDFC AMC has received the RBI approval to acquire up to 9.5% stake each in Karur Vysya Bank and DCB Bank
After Adani and JSW Steel, GQG Partners acquires stake in IDFC First Bank
The Rajiv Jain-led investment firm picked up 2.58% shares in IDFC First Bank at ₹89 apiece via bulk deals, amounting to ₹1,527 crore.
RBL Bank shares hit 52-week high on report of stake buying by Mahindra
RBL Bank share price has zoomed 165% in one year, from its 52-week low of ₹91.10 on July 29, 2023.
IndusInd Bank shares jump 4% on robust Q1; analysts see up to 22% upside
IndusInd Bank reported 32% YoY rise in net profit in Q1 FY24, driven by strong net interest income (NII) and dip in provisions.
Utkarsh Small Finance Bank IPO opens today: here’s all you need to know
The Varanasi-based small finance bank has set the price band at ₹23-25 per share and plans to raise ₹500 crore at the upper end of the issue price.
Tata AMC to raise stake in DCB Bank to 7.5%; stock jumps 8%
Tata Asset Management Company to acquire stake in DCB Bank through the schemes of Tata Mutual Fund
HDFC twins hit 52-week highs post merger; surge up to 4%
The HDFC twins have been rising for the last four sessions and gained up to 7.5% each during the same period.
HDFC chairman Deepak Parekh announces retirement ahead of merger
“It is my time to hang my boots with both anticipation and hope for the future," says Parekh in his last letter to HDFC’s shareholders.
