WEEKLY CLOSING BELL ALERT!
As another week comes to an end, VittNivesh – The Investment Club of NIBM presents to you the happenings of this week in a nutshell!
The past week saw, Jana Small Finance Bank, one of the ten micro lenders that received a small finance bank licence in 2015 when the new differentiated category of lenders was introduced & that started its operations in 2018, unfortunately, it’s IPO revealed its troubled past with four-tenths of its loan book turn bad during the year ended March 2018, which the lender blamed on demonetisation.
Along with this, sell of Reliance Infra (Mumbai based Reliance centre) to Yes Bank to repay its debt made it to the news.
How did all this affect their stocks?
Find out in the post below!