SD Retail’s SME IPO opened for subscription today and will close on September 24. The company aims to raise Rs 65 crore through a fresh equity issue of 49.60 lakh shares, priced between Rs 124-131 each. The proceeds will fund new brand outlets, working capital, and general corporate purposes.
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,