Earlier this week, HDFC Bank also reduced its savings interest rate by 25 bps, bringing it to 2.75% for balances under Rs 50 lakh. This marks HDFC’s first savings rate cut in five years. The State Bank of India (SBI) has already been offering 2.7% for balances under Rs 10 crore since October 2022.
BofA Securities initiates coverage on Groww with ‘buy’ rating; shares rally 4% to record high. Here’s what the brokerage said
Groww shares hit a new 52-week high. BofA Securities initiated coverage with a Buy rating. The brokerage sees strong growth potential for Groww. It expects