The demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it. The lender needs permission from a high court to hold annual shareholder meetings and has been restricted by the central bank from opening new locations.
Dollar jumps as Fed holds rates but projects one hike later this year
The dollar strengthened as the Federal Reserve held interest rates steady but signaled a potential hike later this year, with policymakers raising inflation projections. New