PNGS Reva Diamond Jewellery’s IPO, priced at Rs 386, is set for its stock market debut on March 4. Despite a Rs 380 crore issue that closed on February 26, grey market signals suggest a cautious listing with a discount to the issue price. The IPO saw moderate overall demand, with the retail and NII portions subscribed.
Short-term rates ease as banks see surge in dollar deposits
Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent