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"The guarantee has been approved by the department of financial services (DFS) earlier this week. It is now expected that NARCL will complete the take over of SPML debt by next week, the first takeover by the bad bank in more than three months," said a person aware of the process.

I think we have been saying both on slippage and credit cost, it will be amongst the top quartile of banks. Our credit cost for the quarter was about 40 bps which is what we had guided for.

​So if your overall expenditure is going to grow at 7-8%, and the committed expenditures also grow at that rate, there will be some pressure on the discretionary expenditure.

​I am not putting much emphasis on the quarter-on-quarter number because this is a seasonally weak quarter and not a correct comparison but that year-on-year comparison tells you that they are headed towards that 7-8% kind of annual growth rate, which is within the guidance.

Perpetual bonds, which include AT-1 bonds, are considered riskier than other debt instruments, as they can be written down before equity, leading to losses for investors. Investors in YES Bank’s AT-1 bonds suffered such losses in 2020, while more recently, at a global level, perpetual bonds were written off following Credit Suisse’s bailout.

Japan’s largest bank Mitsubishi UFJ Financial Group has also announced the launch of Yen-pegged stablecoins for settlement of securities, taking wholesale digital asset payments to a new paradigm. Last year, it released a legal framework for stablecoins too.

Revenue from operations for the first quarter were at Rs 807 crore, up 18%, compared with Rs 684 crore in the corresponding quarter of last year. Interest income for the first quarter came in at Rs 145 crore, higher by 20% as against Rs 121 crore in the previous year quarter. Meanwhile, fee and commission income jumped 18% year-on-year to Rs 661 crore

Senco Gold is likely to debut on the stock market at a premium of around 37%, with grey market premiums sitting at approximately INR115-120 ($1.54-$1.60) ahead of listing, according to industry sources. The INR405 crore ($54.2m) IPO was well subscribed, with the QIB-pool generating 180 times coverage.

List of stocks from the consumer sector that can fetch you solid returns

The OFS of Patanjali Foods, under which the promoter Patanjali Ayurved will offload about 7%, will be available for retail investors to bid on Friday.