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Silver fell sharply by Rs 1,331 to Rs 54,351 per kg from Rs 55,682 per kg in the previous trade.In the international market, both gold and silver were trading flat at USD 1,726.80 per ounce and USD 18.62 per ounce, respectively.

Asset growth was lower-than-expected, and trading losses were higher than expectations, it said. That said, NIM was better than expected, as the bank chose not to grow its balance sheet and funded growth by liquidating investments.

The bank earlier in the day reported a 71.79 per cent YoY rise in net profit at Rs 2,022 crore compared with Rs 1,177 crore in the same quarter last year.Rakesh Jhunjhunwala held a 1.96 per cent stake or 35,597,400 shares of the company as of June 30, the same as the March quarter.

The stock quoted a 52-week high price of Rs 442.95 and low of Rs 274.0.

Promoters held 54.9 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 18.21 per cent and 11.55 per cent, respectively.

In the April-May period, when the RBI ramped up forwards intervention, annualized one-year dollar-rupee forward premium slid. That caused importers to aggressively cover their unhedged exposures and exporters to stay away, putting further depreciation pressure on the rupee

Battered Chinese property stocks rallied Monday after Premier Li Keqiang pledged to support developers and hinted at possible state funding at a cabinet meeting.

A total of 563,985 shares changed hands on the counter till 02:10PM (IST)

However, here again there is some hope that it could correct as OPEC increases production. We would track the outcome of the US President’s visit to the Middle East and European purchases of Russian oil. In the event of the Russia-Ukraine war ending, oil prices could drop sharply.

“Other than housing loans, there is a retail business which also has given 61% year on year growth and SME has given 81% year on year growth. These are all the three verticals that we would like to grow in the future for the bank which can help to diversify the micro credit; 26% of micro credit will come on that.”