DSIJ Mindshare

Bank of Maharashtra, the major public sector bank announced that it has reduced its Marginal Cost of Funds-based Lending Rate (MCLR) across various tenors. It has reduced one-year MCLR by up to 45 basis points, i.e. from 8.40 per cent to 8.25 per cent.

The stock price of Dewan Housing Finance Limited (DHFL) increased on Monday, a day after the company announced that it has received an approval from Committee of Creditors (CoC) to resume lending operations from this month, starting with Rs 500 crore.

The shares of Karur Vysya Bank fell when the market opened on January 6, 2020 (Monday), after the Bank’s CEO submitted his resignation.

The shares of Gujarat Narmada Valley Fertilisers & Chemicals Limited (GNFC) are fluctuating at the stock market after the company received a legal notice from the government demanding around Rs 15,000 crore in Adjusted Gross Revenue (AGR) dues.

The shares of the leading branded steel tube manufacturer in India, APL Apollo Tubes Limited saw a rise of 3 per cent in the share price after the company reported its performance of Q3 sales. With this jump in the share price, the company gained for a fifth straight session, that is, in the quarter ended December 2019.