by OverviewFX | Sep 9, 2024 | Banking & Finance
Bajaj Housing Finance is set to launch its initial public offering (IPO) on Monday, September 9. Ahead of the public issue, the grey market premium (GMP) for the company’s shares stands at Rs 51-52, indicating a potential upside of 73% above the issue price.The price...
by OverviewFX | Sep 8, 2024 | Banking & Finance
The declining bank credit to exporters will hurt the sector, and traders will flag the issue prominently during their meeting with Commerce and Industry Minister Piyush Goyal on September 11, an industry official said on Sunday. While exports grew by 15 per cent in...
by OverviewFX | Sep 8, 2024 | Banking & Finance
NEW DELHI: NBFC Shriram Finance plans to raise $1 billion (about Rs 8,300 crore) from overseas in the next 6 months to fund its business growth. “We are planning to raise $300 million in the next few weeks, may be by October and rest $500-700 million during the...
by OverviewFX | Sep 8, 2024 | Banking & Finance
There cannot be any doubt that the banking sector as whole is facing some headwinds and that is probably the reason why PSU banks have started to underperform. Right from rising cost of funds to higher operational cost to lower than expected growth. But the question...
by OverviewFX | Sep 8, 2024 | Banking & Finance
Banks are at a disadvantage to mutual funds (MFs) because they have to face regulatory restrictions like end use monitoring, which has made bank deposits unattractive, Indian Banks’ Association (IBA) chairman MV Rao said. Banks will need help from the government and...
by OverviewFX | Sep 7, 2024 | Banking & Finance
It is the first Saturday of the month, but banks in several states are closed due to Ganesh Chaturthi, even though it’s a regular working Saturday.Banks in India are closed on the second and fourth Saturdays of the month and on Sundays and other regional and...
