India digest: Nagpur flat owner booked in minor rape case; CBI charges 11 in Suvendu PA case

“Our Casa was only 10% initially. For the first three or four years of taking over management of this bank, we slowed down the loan book and focused on building the Casa ratio to 50%,” V Vaidyanathan, MD and CEO, IDFC First Bank, told ET in an interview. “If we had kept growing the loan…

Nifty’s last-minute 200-point surge after the launch of the Closing Auction Session (CAS) sparked confusion among traders, prompting NSE to clarify the index calculation process. Introduced on August 3, CAS alters the method for determining closing prices for F&O stocks through an auction mechanism. The new system aims to improve price discovery and reduce last-minute…

Banking stocks fell ahead of the RBI’s monetary policy announcement amid inflation worries and geopolitical tensions. Investors expect the RBI to maintain the current interest rates but are cautious about the central bank’s future stance on inflation.