Ashwini Kumar Tewari of SBI stated that rural growth is rebounding, supported by better agricultural yields and improved monsoon conditions. He also noted liquidity challenges within the banking sector and the need to focus on stable, retail deposits. SBI is actively implementing strategies to bolster deposit growth and ensure financial stability.
Buyback alert! GE Shipping shares rise 3% as firm set to repurchase shares at 16% premium
Great Eastern Shipping experienced a surge in its stock prices following the announcement of its inaugural share buyback scheme. The company has proposed to repurchase