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State Bank of India's board has approved raising Rs 20,000 crore through Basel III-compliant bonds, leading to a share price increase of over 2%. While SBI shares have underperformed over the past year, they have shown recent gains, outperforming the Nifty in the last six months.
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HDFC Bank will hold a board meeting on July 19 to consider its first-ever bonus share issue and a special interim dividend for FY26. The move reflects strong financial performance, with robust Q1 loan and deposit growth, and comes amid a 21% stock rally over the past year.
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Food prices rose more quickly while fuel fell only slightly, boosting the overall rate of inflation.
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News and Media
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