by OverviewFX | May 11, 2024 | Banking & Finance
Leading private lender HDFC Bank has subscribed to the SME IPO of ABS Marine Services through the anchor round by investing Rs 5 crore. The bank was allotted 3.4 lakh shares at Rs 147 per share, furthering the recent trend of legacy institutional investors looking at...
by OverviewFX | May 11, 2024 | Banking & Finance
The Reserve Bank of India (RBI) announced on Friday that 15 Non-Banking Financial Companies (NBFCs), including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration for various reasons. Among these, nine NBFCs...
by OverviewFX | May 11, 2024 | Banking & Finance
The fourth round of the seven-phase Lok Sabha 2024 elections is scheduled for May 13 according to the Election Commission of India’s (ECI) timetable. The votes from all polls will be tallied on June 4. On election day, schools and institutions inside the...
by OverviewFX | May 11, 2024 | Banking & Finance
After a hectic week, the primary market is geared up for one of the most-awaited IPOs of the year as Go Digit is set to launch its maiden public offer on May 15.Despite being the month of general elections, Dalal Street saw three companies raise over Rs 6,000 crore in...
by OverviewFX | May 11, 2024 | Banking & Finance
The Reserve Bank of India (RBI) announced on Friday that 15 Non-Banking Financial Companies (NBFCs), including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration for various reasons. Among these, nine NBFCs...
by OverviewFX | May 11, 2024 | Banking & Finance
Mumbai, State-owned Union Bank of India on Saturday reported an 18.36 per cent growth in its consolidated net profit for the March quarter to Rs 3,328 crore, helped by lower provisions. For the fiscal 2023-24, the lender reported a consolidated net profit of Rs 13,797...