News Overview

Gross non-performing asset (NPA) decreases to 1.94% from 2.35% YoY, while net NPA improves to 0.58% from 0.67% YoY.

Amidst rising inflation and global hawkishness, the RBI is likely to keep repo rates at 6.50%. However, the focus of the policy statement on October 06, 2023 could shift from rates to liquidity and the language of the RBI.

IHC claimed that the increase in its stake was a reflection of its confidence in Adani Enterprises' (AEL) capacity to "incubate" and expand airports, data centres, and green hydrogen enterprises.

Plaza Wires' IPO is priced in the range of Rs 51-54 per share.

Vedanta has given a 12% upfront cash incentive as well as an 'arrangement coupon,' according to documents.

The bank operates across 744 banking touchpoints, serving 20.2 lakh customers in 15 states and 2 union territories as of 31 March 2021

Q2 update indicates no throughput recovery yet; revenue affected by inferior product mix

Following the reduction in E2W subsidies in May, there was a huge drop in June at 46,057 units.

News reports said that the bank informed staff of the changes in a memo late on Sunday.

They aim to expand their markets to countries like the USA, Brazil, MENASA, SriLanka, Australia, and India, targeting 1-12 GW annual markets