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Shares of Canara Bank dropped more than 3.55 per cent to Rs 562.90 on Friday, before recovering to Rs 580.45 on with a total market capitalization of more than Rs 1.05 lakh crore.
Last month, the National Payments Corporation of India (NPCI) announced three new features for UPI-linked RuPay credit cards that would help users to access wider benefits.
The board approved stock split to improve liquidity of Canara Bank's shares and make them more accessible for retail investors
Paytm will be a high conviction exclusion, causing outflows of $77 million from India, the domestic brokerages' note said. Paytm's exclusion comes after a nearly 40% correction in the share price following RBI's ban on its Paytm Payments Bank. Meanwhile, Berger has yielded nearly 9% returns over 1 year.
Financial Literacy News: As of April 2024, various banks have revised their loan interest rates, while others have maintained their Marginal Cost of Funds Based Lending Rate (MCLR) unchanged. Here are the latest MCLR rates from the top eight banks, as listed by ET.