RBI’s Policy Reversal to Boost Credit Flow, Strengthen Microfinance Lenders

Banking outlets as on March 31, 2023, stood at nearly 6,000, the network consists of 1,411 branches and 4,588 banking units. Furthermore, the company have declared a dividend of 15 per cent or Rs 1.50 per equity share having a face value of Rs 10 each.

Watch out for these large-cap stocks in Monday’s trading session!

Watch out for these large-cap stocks in Thursday’s trading session!

IDFC Mutual Fund rebrands to Bandhan Mutual Fund. Check out this article for more details.

Are you looking to invest in FDs? Check out this article that lists private sector banks offering rates of up to 8 per cent.

In Q2FY23, the company reported a standalone total income of Rs 4249.87 crore, which is 15.72 per cent up from the corresponding quarter last year.

In Q2FY23, the company reported a standalone total income of Rs 4249.87 crore, which is 15.72 per cent up from the corresponding quarter last year

Talking about the sectoral indices, the majority of the sectors ended in red with Nifty Metal and Pharma losing over a per cent each. On the other hand, Nifty Auto and Energy jumped 1.63 per cent & 1.39 per cent, respectively.   

The domestic benchmark indices closed in red for the second consecutive session in the volatile market on Tuesday. India VIX, the volatility gauge of domestic markets, was trading lower along with the headline indices. Before the session closed, it contracted 0.49 per cent, but is still holding above 18 levels. 

On Friday, the markets broke the losing streak and ended higher after RBI's Monetary Policy Committee kept the key rates unchanged. 

IDFC Asset Management Company is being acquired by a group led by Bandhan Financial. Should investors be concerned? Continue reading to find out.