The state-run insurer holds 4.95% of the total issued and paid-up capital of the bank
Equity mutual fund segment has received a net inflow of Rs 85,381 crore during this period, indicating the positive sentiments among investors.
Shares of KVB were trading at Rs 50.57 apiece on BSE, up 4% from the previous close
Bulls were enthused by a positive sentiment in global markets amid reports that the Omicron variant is unlikely to be more severe than the Delta
Global equity markets are relieved after studies on Omicron strain suggested that even though it is fast spreading, it is milder than Delta variant
According to the data from RBI, scheduled commercial banks have installed 2,13,145 ATMs (Automated Teller Machines) up to September 2021
The rate reduction has been more than 100 basis points for private sector banks
Financially empowering them through higher resource availability, including own resource generation and transfers, are critical for, says RBI
It signals broad recovery in economic activities, says the Reserve Bank
This may continue as a minimum of 40% of the paid-up voting equity share capital of the bank for the first five years.