Wed, Apr 17, 2024 12:52 PM
IRCTC Q4 PAT seen up 21.2% YoY to Rs. 306.5 cr: Prabhudas Lilladher
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Shares of Jana Small Finance Bank spiked 15.37% in today's early trading session, hitting a new record high of ₹577.20 apiece. This significant increase came on the heels of the company's strong financial performance for the March-ending quarter and the entire fiscal year of FY 24.After market hours on Monday, the bank reported a net profit of ₹321.67 crore in Q4FY24.
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At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank's Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions.Banks have requested the Reserve Bank of India (RBI) to consider excluding Nostro accounts from the exposures.
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A fund managed by Edelweiss Alternatives has committed ₹200 crore to a debt facility being arranged by Kotak Strategic Situations Fund to finance Matrix Laboratories founder Nimmagadda Prasad's acquisition of the active pharmaceutical ingredients (API) business of American pharma firm Viatris.Kotak is lending $150 million (₹1,250 crore) under a mezzanine debt facility.
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