Banking stocks, high oil prices drag Indian markets lower
Across Asia, markets were mixed, with South Korea rebounding 1.8% from last week’s losses amid simmering concerns over excessive investments in artificial intelligence (AI). Taiwan fell 0.6%, while Indonesia tumbled 3.6% following a warning from index provider MSCI that it would downgrade the country from the emerging market basket.
RBI injects Rs 1 lakh crore as liquidity tightens before festive season
On Monday, the RBI announced a Rs 1-lakh-crore variable rate repo (VRR) auction for the first time since late July after the weighted average call rate (WACR) at 5.67% on Monday, or 17 basis points higher than the repo rate of 5.50%. The central bank will conduct another VRR for Rs 50,000 crore on Wednesday.
Central Bank of India reports technical glitch in RTGS outward system
Central Bank said that no customer suffered any financial loss on account of the incident. The lender has not attributed the disruption to a cyberattack and said the root cause is still under examination.
Yes Bank’s evaluating capital actions to back growth plans
“The manner and the timing of reinstatement of the bonds as well as payment of the coupon is also under assessment,” Niranjan Banodkar, CFO, Yes Bank told analysts over a call after the earnings.
SBI data breach claim: Hackers allegedly access 3.75 lakh accounts
“The threat actor describes this as the first disclosure of the dataset, Cyberpulse56 said, adding that the authenticity, origin and extent of the alleged exposure are inverified. If legitimate, the data could facilitate identity theft, financial fraud, targeted phishing and fraudulent loan applications, the group said.
Jio Platforms’ IPO draws Rs 2.5 lakh crore in anchor bids
Global investors included BlackRock Global Funds, Capital Group, Fidelity, New World Fund and American Funds Developing World Growth and Income Fund. Other overseas participants included Abu Dhabi Investment Authority (ADIA), Janus Henderson, Societe Generale, Morgan Stanley Investment Funds, Norway’s Government Pension Fund Global, Citadel Securities Singapore, Eastspring Investments, T. Rowe Price, Prudential Hong Kong and […]