All that happened in the markets today
A total of 15 crore shares representing 1.19 per cent stake of the private lender were sold by Adani Electricity at an average price of Rs 13.45 apiece, bulk deal data on NSE showed
Indian banks will have a hard task when RBI's moratorium ends this month. Those that do not get capital will have to show their true health, writes Tamal Bandyopadhyay
Moody's has also upgraded the bank's long-term foreign and local currency bank deposit ratings to "B3" from "Caa1", and foreign currency senior unsecured MTN programme rating to (P)B3 from (P)Caa1
Successful equity raising showcases lender's regained access to external market funds, which is a result of its improving financial strength, the agency says
But bear in mind that the government will surely organise a bailout in such a scenario
Bank says will dispose properties in many other cases as well, but does not elaborate on borrowers against whom such action is underway
Move triggered by RInfra's failure to repay Rs 2,892 cr debt; Properties include firm's HQ in Mumbai's Santa Cruz East, two floors in Nagin Mahal, Churchgate
All that happened in the markets today
The expiry of derivative contracts of the July series tomorrow may keep today's session volatile
The bank's net profit for quarter under review stood at Rs 45.44 crore as against a net profit of Rs 113.76 crore in Q1FY20. It had booked a net loss of Rs 3,668.3 crore in Q4FY20
The private sector lender had posted a net profit of Rs 113.76 crore in the same quarter previous fiscal
All that happened in the markets today
The stock slipped 10% to Rs 11.10 levels in early morning trade on the BSE.
Over 12.5 billion new shares issued in the FPO commenced trading on Monday
All that happened in the markets today
The private sector lender raised Rs 15,000 crore through FPO by issuing shares at the price of Rs 12 per share
This week, domestic equity markets will largely be steered by corporate earnings, developments on US-China relations front and Covid-19 trends
High-risk investors have shifted to the partly paid (PP) counter of Reliance Industries (RIL) to generate more bang for the buck
The bank had fixed a price band of Rs 12-13 for the public issue and raised nearly Rs 4,100 crore through anchor allotments by issuing shares at price of Rs 12 per share