Banking & Financial Stocks Under Focus: HDFC Bank, RBL Bank, IIFL Finance & More

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Banking & Financial Stocks Under Focus: HDFC Bank, RBL Bank, IIFL Finance & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- HDFC Bank (NS: HDBK ): The country’s largest private lender’s total advances in Maharashtra jumped 23% YoY to Rs 3.28 lakh crore in FY22. Its board will hold an AGM on July 16 for deciding the appointments of dividend and statutory auditors.

Bank of Baroda (NS: BOB ): The public sector lender has hiked its MCLR rates by 10-20 basis points across all loan tenures, effective June 12, after RBI raised the repo rate by 50 bps to 4.9% last week.

RBL Bank (NS: RATB ): The private lender has appointed R Subramaniakumar as its new MD & CEO for 3 years. 

IIIFL Finance (NS: IIFL ): British International Investment has debited 1.6 crore shares of the leading NBFC via open market transactions on June 10, while Nomura India Investment and Max Life Insurance bought 44.74 lakh and 24.6 lakh shares of the financial company, respectively.

IDBI Bank (NS: IDBI ): RBI is unlikely to grant any special dispensation to the new buyer of the lender for strategic sale by July end, stated reports.

Jammu and Kashmir Bank (NS: JKBK ): The scheduled commercial bank has appointed Pratik D Punjabi as its CFO.

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