Gold Silver Reports (GSR) – Karur Vysya Bank Rises As Rakesh Jhunjhunwala Raises Stake In March Quarter – Shares of the Tamil Nadu-based private sector lender rose 1.8 percent to Rs 105.85. Well-known investor Rakesh Jhunjhunwala raised his stake in the bank to 3.36 percent versus 3.09 percent in the previous quarter, according to the March shareholding pattern submitted by the bank to stock exchanges.
Ujjivan Financial Services Down Over 6% On Farm Loan Waiver Fears
Shares of the small finance bank are trading down over 6 percent on high volumes amid talks of a farm loan waiver in Karnataka, The Bharatiya Janata Party promised an agriculture loan waiver in its manifesto if it is voted to power in the forthcoming election. Ujjivan Financial Services has around 11 percent of its loan book in Karnataka, according to a Kotak Institutional Equities report.
