Several financial sector stocks are in the spotlight on March 24, 2025.
IFCI welcomed Rahul Bhave as its new MD & CEO for a three-year term, following a government appointment. UCO Bank launched a ₹2,000 crore Qualified Institutional Placement (QIP) at ₹34.27 per share, offering a 5% discount to the floor price, per CNBC. IndusInd Bank initiated a fraud probe with Grant Thornton and was excluded from the ASM framework by exchanges—both neutral developments. IDBI Bank received a ₹36.30 lakh penalty from the RBI under FEMA 1999. Meanwhile, Manappuram Finance saw BOFA Securities offload 40 lakh shares (0.5% equity) in a bulk deal, considered a neutral transaction.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to risks, and readers should conduct their own research or consult a financial advisor before making any investment decisions.
