Manba Finance shares are set to debut on the exchanges today, with a strong grey market premium indicating potential gains for investors. The company plans to use the proceeds to bolster its capital base. Manba Finance has shown significant growth in two-wheeler loans and posted a substantial profit increase in FY24.
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,