SBI, HDFC Bank: Banks are attracting small ticket size gold loan customers backed by their improved pan-India reach (improved branch network), lower interest rates as well as improved turnaround time by adopting digital means, InCred said.
The Nifty Bank fell over 1% on Monday as traders preferred to book profits at higher levels. The index fell more than 500 points to close at 47,327 while the Nifty50 was down 160 points to close the session at 22,332.
Vodafone shares had settled 6.27 per cent higher at Rs 16.28 in the previous session after the Aditya Birla group chairperson Kumar Mangalam Birla said his group was committed to Vodafone and its investors.