News Overview

The rating on long-term Instruments has been reaffirmed at Acuite A-/Stable and short-term instruments at Acuite A2+.

Bulk term deposits witnessed a contraction of 72% y-o-y basis, as the Bank shifts focus on retail deposits and moderate LCR to an acceptable level

The order is for completion of Balance work of ‘National Highway No 548-A from Section Waken Pali to 2 lane with paved shoulder’.

The Bank Of Englands Credit Conditions Survey stated today that lenders reported that the availability of secured credit to households increased in the three months to end-November 2021 (Q4). Lenders expected the availability of secured credit to increase over the next three months to end-February 2022 (Q1). Lenders reported that the availability of unsecured credit to households increased in Q4 and was expected to increase […]

Benchmark indices ended with small gains on Thursday and extended their winning run to fifth consecutive trading session. The Nifty managed to end above the 18,250 level. Metal, pharmaceutical and auto stocks saw demand while realty, banking and financial shares corrected. As per the provisional closing data, the barometer index, the S&P BSE Sensex, rose 85.26 points or 0.14% at 61,235.32. The Nifty 50 index […]

The Bank is in focus since its board approved initiating the process of initial public offering (IPO) for a subsidiary, Fedbank Financial Services. The Bank is set to announce its Q3 earnings next week.

Recently, L&T announced new offshore packages from major international clients, which impact investors positively.

Bank Nifty underperformed the Nifty index by ~0.9% with the former closing in the red while the later closing ~0.3% higher.

Ujjivan Small Finance Bank (SFB) today announced that it has received the RBI approval for the appointment of Ittira Davis as its managing director & CEO for a period of one year.

Solara Active Pharma Sciences rose 4.16% to Rs 1095.85 after Sequent Scientific acquired 1.54% stake in the company during October-December 2021 quarter.