Kotak Mahindra Bank shares have rallied 55.3 per cent from March low of Rs 1,000.35 apiece. The bank reported a 26.7 per cent on-year growth in net profit to Rs 2,184.5 crore during the July-September quarter.
Federation of Indian Export Organisations (FIEO) President S K Saraf said freight charges have increased significantly by about 30-50 per cent depending upon the destinations. He said protests by farmers in states like Punjab have impacted movement of containers which are used to ship goods.
Over 40 per cent of the system credit and 75 per cent of the borrowers will benefit from the interest-on-interest concession for small loans which will cost the government around Rs 7,500 crore, says a report.