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“Our initial assessment at this point in time is, if we were to look at something like a bank or a well diversified NBFC, the overall impact on capital may not be material. We are still reworking the numbers, but initial assessment does seem to suggest that the overall impact on the current capital would not be more than 75, 80 basis points as such.”

The issue opens for public subscription on November 22 and will close on November 24. This will be the first IPO by any Tata Group company in the last 20 years

The global agrochemical market is likely to experience a double-digit decline in revenues in CY2023. While prices of most post-patent active ingredients are believed to have bottomed out in 2QFY24, the anniversary effect of destocking is expected to be felt only 2QCY24 onwards.

“Largecaps are fairly valued and maybe even in some cases, undervalued. If one has to buy, two of the best players are HDFC Bank and ICICI Bank. These two banks will probably compound earnings at 15% easily over the next five years and they are lending all of their loans. Their yield on their loans is in single digits.”

While credit growth for the overall banking system has remained stable and healthy, certain components of personal loans are, however, recording very high growth, RBI Governor Shaktikanta Das had said in his previous policy statement

A total of 23,709 shares changed hands on the counter till 02:04PM (IST)

The initial public offering (IPO) of Fedbank Financial Services will open for subscription on Wednesday, November 22.

5 smallcap stocks managed to hit new 52-week highs

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Out of the 20 stocks in the Nifty PSE index, 16 stocks have risen between 20%-184% in 2023.