India Business News: RBL Bank on Saturday reported a 46 percent increase in its net profit for the September quarter, reaching INR 294 crore. Its core net interest income
Shares of RBL Bank hit fresh highs but M&Ms plunged post the announcement of the automaker buying a 3.53% stake in the former. While analysts feel RBL Bank is a good long-term investment, for M&M hiking stake to 9.99% wont be easy. Would M&M have been better off giving that money out as dividend or doing a share buyback?
Tech-to-tractor conglomerate Mahindra & Mahindra acquired a 3.53% stake in mid-sized private lender RBL Bank for Rs 417 crore (around $50 million), according to an ..