Investor sentiment

PNB Board Approves ₹7,500 Crore Fund Raise through QIP/FPO in FY2024-25

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Punjab National Bank (PNB) is set to bolster its financial position as the board of directors greenlights a strategic move to raise ₹7,500 crore through Qualified Institutions Placement (QIP) or Follow-on Public Offer (FPO) during the fiscal year 2024-25. This significant decision aims to enhance the bank’s capital base and support its growth initiatives. Here … Read more

RBI Approval: LIC Granted Permission to 2% Increase Stake in HDFC Bank Worth Billions by the End of the Week

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In a significant development for HDFC Bank, the Reserve Bank of India (RBI) has granted approval to Life Insurance Corporation of India (LIC) to increase its stake in the bank. This move has already impacted HDFC Bank’s share prices positively, with a 2% gain after the announcement. LIC, holding a 5.19% stake at the end … Read more