The lender, in its business update, said the customer deposits (total deposits excluding interbank deposits and certificates of deposit) aggregated to Rs 2.51 lakh crore, recording a growth of 20 percent over Rs 2.1 lakh crore as of June 30, 2023

Experts expect the Nifty 50 to consolidate with immediate support at 24,200, followed by crucial support at 24,000, while 24,400-24,500 could be a hurdle on the higher side.

Smaller PMS players are finding cumbersome compliance processes and related costs stifling growth and skewing the playing field in favour of larger players.

Currently, there are a little over 1,000 appeals pending at SAT and the tribunal has disposed over 6,700 matters since its inception in 1997

According to Siddharth Khemka, head of research at Motilal Oswal, India currently enjoys excellent macroeconomic fundamentals with strong GDP growth, a sound fiscal position, a stable currency, and healthy corporate earnings.

The stock rocketed 67.32 percent at in pre-market trading, selling at $51.66 apiece

The move comes as the company aims to reduce its standalone debt by $3 billion over the next three years