Muthoot Finance shares rise 9.5%, Manappuram shares surge 20%
The street expects RBI to cut repo rate by at least 25 bps in the monetary policy on January 29
The bank also looking at cutting deposit rates if RBI cuts repo rate in monetary policy later this month
If there is a cut in repo rate, we will first reduce our deposit rates. We will cut across the tenures by at least 25 basis points: Shiva Kumar
The official said these banks were the main lenders to the SEBs in the respective states
Expect higher foreign fund flows, faster case resolution
Says one of the real problems in the financial sector is conflict of interest
Muthoot Finance shares rise 9.5%, Manappuram stocks surge 20%
Increased demand for the US currency from importers amid firm global cues affects rupee
Plans to raise Rs 300 crore by March to finance expansion
SBI to get Rs 3,000 cr as part of recapitalisation plan to boost bank's capital base
RBI is preparing final norms for issuance of new bank licences after Parliament cleared Banking Bill last month
The company set to offer tax-free secured redeemable non-convertible bonds to raise Rs 750 cr
Kerala-based bank will kick-start the scheme from June this year
Kanpur, Delhi continue to receive highest number of complaints followed by Chennai and Bhopal