Mon, Nov 20, 2023 5:06 PM
Dollar firm ahead of US inflation data; yen hovers near one-year low
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📌SBI is picking up a 20 percent additional stake held by SBI Capital in SBI Pension Funds for Rs 229.5 crore. 📌HDFC Bank has sought approval from the shareholders for the re-appointment of Sashidhar Jagdishan. 📌Bank of India has announced a QIP with a floor price of Rs 105.42 per share. 📌Powergrid received an LOI to establish an inter-state transmission system project for the transmission.
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INOX India and Stanley Lifestyles have received approval from the capital markets regulator Securities and Exchange Board of India (SEBI), to launch their initial public offerings (IPOs). Cryogenic equipment and tanks manufacturer INOX India received an observation letter from the SEBI on November 29.
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Indian banks are yet to fully pass on the central bank's policy rate increases to customers, a Moneycontrol analysis showed. The lack of monetary transmission in the system has long been a concern for the Indian central bank and has limited the impact of policy actions. As per the Reserve Bank of India (RBI), the weighted average domestic term deposit rate of banks increased by 233 basis points.
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