Stocks that were in focus include names like Bank of India which was up nearly 5%, Union Bank of India which gained over 6%, and RCF which was up over 3% on Tuesday.
India’s microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and lender caution grew. The sector’s
Analysts hold differing views on retail investor interest in LIC’s offer for sale. The government is divesting a stake to meet minimum public shareholding norms.
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