Bajaj Housing Finance’s IPO saw strong demand, being subscribed over three times on the second day of bidding. The retail portion was subscribed 2.37 times, while non-institutional investors showed a subscription rate of 6.82 times. The company aims to raise around Rs 6,560 crore through the public offer.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,