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The bank, "subsequent to the approval of the Reserve Bank of India, has appropriated accumulated losses of Rs 3,577.55 crore from share premium account of the bank today", it said in a regulatory filing.
Sebi board meeting: Nothing on F&O regulation, but top 7 other announcementsDespite expectations, SEBI has decided not to curb weekly F&O expirations or raise minimum contract sizes for now. This comes as the regulator grapples with a surge in speculative trading that has cost retail investors Rs… Read MoreAdani Enterprises' QIP sees healthy demand, Rs 4,200 crore raised through issueAdani Enterprises has raised nearly Rs 4200 crore through a qualified institutional placement. The QIP saw significant demand, with bids exceeding four times the deal size. The funds will be utilized for capital expenditure, … Read MoreWACR 18 bps higher than repo rate despite surplus liquidityOn Monday, the weighted average call rate rose to 6.68%, exceeding the Reserve Bank of India's 6.50% repo rate, due to uneven liquidity distribution in the banking system. Public sector banks faced a shortfall, despite an ove… Read MoreL&T Finance Q2 Results: Net profit rises 17%; expects challenging six months aheadNon-bank lender L&T Finance reported a 17% rise in consolidated profit after tax, reaching Rs 696 crore. The company's assets grew by 18%, with retail disbursements up 12%. Facing sectoral challenges, the firm aims to pri… Read MoreInvestors can now access 100% of sale proceeds for same-day tradingStarting Monday, investors will receive 100% of their sale proceeds on the same day, enabling immediate reinvestment. Previously, only 80% was accessible the same day with the rest available later. This change, aimed at enhan… Read More
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