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RBI panel has suggested allowing large NBFCs with assets above Rs 50,000 Crore to be considered for conversion into banks. The RBI panel also recommended allowing banking licences for large industrial houses.
Lakshmi Vilas Bank has been put under moratorium until 16 December. The withdrawal cap has been set at Rs 25,000 including ECS debits. Further, the bank will be merged with DBS bank at the end of moratorium period.
DSP Mutual Fund and Kotak Mahindra Mutual Fund have launched the NFO for DSP Value Fund and Kotak ESG Opportunities Fund respectively. The NFOs close on 4 December.
Gland Pharma IPO which was oversubscribed 2 times, debuted with 14% premium over issue price of Rs 1500.
Index Returns
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Data Source: NSE, BSE & Kuvera.in
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