HDB Financial Services, backed by HDFC Bank, is launching its IPO on Wednesday, aiming to raise Rs 12,500 crore. The IPO, priced between Rs 700 and Rs 740, includes a fresh issue and an offer for sale by HDFC Bank. Brokerage houses recommend subscribing, citing strong financials, asset quality, and growth potential, with listing expected in early July.
Indian Bank Q1 Result: PAT jumps 24% to Rs 2,973 crore on lower NPA provisions
Indian Bank reported a 24% YoY rise in Q1 net profit to Rs 2,973 crore, aided by sharply lower NPA provisions. Asset quality improved, with