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The RBI has reduced its benchmark repo rate by 115 basis points between March and May to support the economy in light of the Covid-19 induced slowdown. As a result, banks have had to reduce their lending and deposit rates to adjust to the new interest rate scenario. One basis point is 0.01 percentage point.
Bandhan promoters to raise Rs 10,500 crore by selling 20% stakeBandhan Financial Holdings, a promoter group entity, will sell close to a 20% stake in the deal, according to the terms of the transaction seen by ET.
from Stocks-Markets-Economic Times https://ift.tt/3goY0NI
… Read MoreTrai sends further queries to Voda idea, Airtel on premium plansAnother source said that Bharti Airtel has been asked over two dozen questions, including if limits for data speeds have been set for platinum and non-platinum users, and about the levels of throughput for platinum users.
fr… Read MoreRBI may cut reverse repo to push credit flowAbout three-fourths of the survey respondents believe the central bank will cut the reverse repo rate by 15-35 basis points (bps). The reverse repo, or the rate at which banks are parking surplus money with the central bank, … Read MoreWill the Reliance rally pause in the 5th month again?The historical data suggest that RIL’s stock sees profit booking in the fifth month if it records four months of the consecutive gains in the last decade.
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… Read MoreBandhan Bank set to raise up to Rs 10,500 cr, cut promoter holdingBandhan Financial Holdings, a promoter group entity, will sell close to a 20% stake in the deal, according to the terms of the transaction seen by ET.
from Stocks-Markets-Economic Times https://ift.tt/31a9tdD
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