Following the strong rally in Federal Bank, Axis Securities reiterated its rating on the bank with a target price of Rs 230, indicating an upside potential of 18% from the current market price of Rs 195.
RBI probing banks’ derivatives books amid IndusInd fallout, sources say
India’s central bank is examining derivatives exposures of some private and state-run banks days after IndusInd Bank disclosed lapses in its derivatives accounting, three sources