RBL Bank’s board will meet on October 18 to consider raising funds. This includes issuing equity shares or other linked instruments. The bank is also set to review its second quarter results. Reports suggest Emirates NBD is close to acquiring a majority stake. RBL Bank stated it explores opportunities to enhance shareholder value. The bank’s shares closed higher on Wednesday.
FIIs and DIIs place big bets on State Bank of India — Analysts see about 20% rally ahead
Investors are showing renewed confidence in State Bank of India. Both foreign and domestic institutions are raising their stakes. SBI reported strong earnings momentum. Analysts