News Overview

Rate revisions are applicable to both new deposits and renewals

Board recommends dividend of Rs10/- per share (500%).

India is set to be the second-fastest growing economy in the G20 in FY 2022-23, despite decelerating global demand and the tightening of monetary policy to manage inflationary pressures, according to OECD s latest economic outlook. GDP growth will slow to 5.7% in FY 2023-24, as exports and domestic demand growth moderate. Inflation will crimp private consumption but moderate at the end of the projection […]

On 9 December 2022

The key equity indices traded with tiny gains in the morning trade. The Nifty held the 18,250 level. Media, PSU bank and bank shares advanced while IT, FMCG and metal stocks declined. At 10:29 IST, the barometer index, the S&P BSE Sensex, was up 40.27 points or 0.07% to 61,459.23. The Nifty 50 index added 14.80 points or 0.08% to 18,259. In the broader market, […]

On 24 November 2022

On 29 November 2022

The Reserve Bank of New Zealand (RBNZ) raised its official cash rate (OCR) by 75bps to 4.25% during the November meeting, the highest level since January 2009. The central bank move was the biggest rate hike in the central banks history, as it continues efforts to curb high inflation ahead of a three-month break. It was also the 9th straight increase, meaning that the OCR […]

Of Rs 17.5 per share

VIL is raising the funds through equity convertible debt bonds with a coupon rate of 11.2% per annum payable every six months over the term of the bond.