
RBL Bank stock rises 6% after board nod to raise ₹3,000 cr
RBL Bank board clears the issue of debt securities on a private placement basis up to ₹3,000 crore to fund its expansion plans
RBL Bank board clears the issue of debt securities on a private placement basis up to ₹3,000 crore to fund its expansion plans
The Sensex and Nifty are poised to open in red on Thursday, in line with losses in Asia and Wall Street overnight amid concerns about global economic slowdown and prospect of rate hikes.
RBL Bank shares opened 10% lower at ₹102.05, while it declined as much as 15% to hit a 52-week low of ₹96.35 on the BSE.
The BSE Sensex and the NSE Nifty are expected to open lower on Thursday amid weak cues from global markets as well as spike in Covid-19 cases across the country.
Dalal Street headed for a negative start on Wednesday, following weak cues from Asian peers as market participants remained concerned about the Omicron variant of Covid-19.
The BSE Sensex and the NSE Nifty are expected to continue gaining momentum on Tuesday, following firm cues from Asian peers as Omicron fear eases.
The bank’s gross NPA has surged to 5.40% at the end of Q2FY22.
The BSE Sensex and the NSE Nifty are slated for a subdued opening on Monday, following mixed cues from Asian peers as Omicron fears grip markets.
Despite Covid-19, Gaja Capital’s Gopal Jain has his hands full with deals, and the first-of-its-kind award given to business books. He talks to Fortune India about reforms, entrepreneurship, and more.
RBL Bank is allocating capital to build a new line of secured housing business, and aims to carry out steps to reduce costs to protect its balance sheet in light of the changing economic environment.