State-owned NBCC (India) Ltd has approved the issuance of bonus shares in a 1:2 ratio, utilising Rs 90 crore from free reserves. The company will distribute 90 crore bonus shares, with October 7, 2024, set as the record date. This move aims to boost shareholder value and reflects the company’s strong financial position.
Dull loan growth, margin pressure, credit cost to weigh on bank earnings
State Bank of India anticipates lackluster Q1 results due to margin dips and slow loan growth, while HDFC Bank projects a profit increase driven by