The company says it has fixed a floor price of Rs18.44 per share for the QIP, which is a 5.7% discount from the stock’s closing price of Rs19.56 per share on Wednesday on the BSE
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may