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India1 Payments, in which ICICI Ventures has about 49% stake, is promoted by Australia’s Banktech group. The company plans to leverage its customer base using its white-label ATM platform by being an account aggregator and connecting those interested in small-ticket loans with the potential lender. This could earn the company a fee-based income for the concluded transactions.

For the first quarter, the State Bank of India reported a treasury income of ₹3,850 crore, the highest in the past 12 quarters. Likewise for Axis Bank, the whole business income was soft, but a treasury gain of ₹519 crore aided the return on assets (ROA) ratio.

Against the 182.2 million units on offer, representing a 7% stake, the OFS received bids for 150.2 million units. At the floor price of ₹155 per unit, Brookfield sold units worth ₹2,331 crore, roughly a 6% stake.

"The matter largely relates to an industry-wide issue on applicability of GST on salvage adjusted and ineligible input tax credit, on motor claims settled. The company has deposited Rs 104,13,18,970 under protest, without accepting any liability in this regard," it said.

​​Surplus liquidity, as measured by the quantum of extra funds that banks park at the Reserve Bank of India’s (RBI) absorption window, averaged `2.48 lakh crore a day in August, the highest since June 2022.

In its petition, Reliance ARC has raised concerns over the Swiss Challenge Auction process, according to a lawyer source. The concern is that when an ARC makes a bid to buy a troubled asset or a nonperforming asset (NPA), it automatically becomes an initial bidder and this gives the ARC the exclusive right to match any bid that comes in during the Swiss Challenge Process, the lawyer explained.

​It is a one-day candlestick pattern in which there is a small red real body and a lower shadow extending from the body is formed at the top of an uptrend.​

This will be an option for IPOs opening after September 1, 2023, and will be mandatory for public issues opening after December 1, 2023.

The NCDs will be sold in five series. The tenor of series I and II is 18 months while that of series III, IV and V is 24 months, the firm said in a press briefing on Wednesday. JM Financial is the lead manager of the issue.

​The pattern signifies a bullish reversal as it shows that the bulls are trying to push prices higher.​