News Overview

NBFC credit growth is strong and GNPAs down, but NIMs could be a challenge in the coming quarters

Investors must apply for a minimum of 58 equity shares, requiring a minimum investment of ₹14,848 at the upper price band.

The IPO price range is set between ₹960 and ₹1,008 per share, and the offering will conclude on July 5. The IPO consists of a fresh offering of ₹800 Crore.

In addition to its success in Mumbai, Mahindra Lifespaces has purchased a premium 2.37-acre land piece in Singasandra, South Bengaluru.

The interest expense for the three months ending March 31, 2024, was ₹3,750.34 Crore, up from ₹2,827.60 Crore in Q4FY23.

Global deposits increased by 2.8% quarter over quarter and 8.5% year on year, indicating the bank's ability to attract and retain customer cash.

This agreement follows a term sheet signed on December 14, 2023, outlining cooperative development ambitions.

Retail loans surged by ₹18,600 Crore during the quarter, while commercial and rural banking loans jumped by ₹7,200 Crore.

Investors with very high risk appetite should invest in the ICICI Prudential Energy Opportunities Fund for 5 or more years.

RVNL has signed a MOU with Delhi Metro Rail Corporation Limited (DMRC) to participate in upcoming projects in India.