Today, such exposures are not reported by banks, no risk weight is assigned to the credit, the facilities are not rated, and in a predominant number of cases no interest is charged by banks on these intra-day overdrafts.
Grasim Industries witnessed a 66% decline in Q2 consolidated net profit, reaching Rs 389 crore, despite an 11% surge in revenue, reaching Rs 33,563 crore.
In the Nifty 500 pack, four stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on November 14, according to stockedge.com’s technical scan
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