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The Kumbakonam-based bank offers loans to the MSME (micro, small and medium enterprises), retail, wholesale and agriculture segments. The bank's advances grew by 15% to 50,409 crore while deposits rose by 11% to 58,271 crore year-on-year at the end of December 2024.
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China's overnight and seven-day repo rates surged in February, while bond investors took losses from a sharp rise in yields. Banking liquidity in India suffered its highest deficit in at least 14 years earlier this year and overnight borrowing costs jumped. Liquidity also dried up in Indonesia and Malaysia following central bank currency interventions.
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News and Media
The Nifty index has formed a small bullish candlestick on the daily chart, while a strong bullish candle with a long lower shadow on the weekly chart signals support-driven buying and the potential for a short-term recovery.
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News and Media
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