IPOs to watch next week: A look at new public issues and SME listings
The coming week will see one IPO each from the mainboard and SME blocks, with a combined aim of raising ₹365.5 crore.
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LIC increases stake in Bank of Maharashtra to 7.10% via QIP
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Mark Mobius says India is catching up to China
Speaking to CNBC-TV18, Mobius identified real estate as one of the most exciting sectors in India. Mobius believes that “the demand for housing in India will continue to soar,” positioning it as a critical driver of long-term growth.
Markets adapt to geopolitical risks, but China’s stimulus could shift investor focus, says BlackRock
Ben Powell, Chief Investment Strategist for the Asia-Pacific region at BlackRock Investment Institute said that the broader outlook for India remains positive, with strong economic fundamentals and ongoing reforms driving optimism.
S&P cautious on China’s growth outlook
Moody’s economist Harry Murphy Cruise highlights the focus on household consumption as a significant shift, but adds that full implementation is crucial before adjusting growth forecasts.
AU Small Finance Bank reports 12.7% jump in Q2 deposits, gross advances rise nearly 6%
Total deposits reached ₹1,09,690 crore, up 12.7% from the previous quarter and 12.3% year-to-date following the merger with Fincare SFB on April 1, 2024. Gross advances also rose to ₹96,030 crore, reflecting a 5.9% increase quarter-on-quarter and an 11% rise…
IDBI Bank Q2 Update: Total business rises 15%, advances climb 19% on-year
IDBI Bank posted a 15% rise in total business to ₹4.78 lakh crore in Q2 FY24, with net advances up 19%. Deposits grew by 11%.
RBL Bank reports strong Q2 update: Deposits soar 20%, gross advances climb 15%
The bank reported total deposits of ₹1,08,028 crore, an increase of 20% compared to the same period last year. Gross advances, which represent the total amount lent to customers, rose to ₹89,786 crore. This reflects a 15% increase year-on-year.
NSE, former CEO Vikram Limaye to settle TAP misuse case with SEBI for ₹643 crore
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Federal Bank Q2 Update: Deposits surge 16%, advances grow by 19% on-year
Federal Bank’s Q2 FY25 business update showed a 16% year-on-year growth in total deposits, reaching ₹2.69 lakh crore. Gross advances also rose by 19% to ₹2.33 lakh crore, driven by a 23% increase in retail credit.