Stocks To Watch: State Bank Of India, IIFL Securities, RBL Bank And Others In News

Here are the key stocks to watch on June 27:State Bank of India: SBI, the country’s largest bank, announced on Wednesday it had raised Rs 10,000 crore through its fifth infrastructure bond issuance at a coupon rate of 7.36 per cent. The issuance received strong investor interest, with bids exceeding Rs 19,884 crore, oversubscribing the base issue size of Rs 5,000 crore by nearly four times. A total of 143 bids were received, showing widespread participation and a diverse base of investors.IIFL Securities: The Securities and Exchange Board of India (SEBI) has launched an investigation into Sanjiv Bhasin, who is associated with IIFL Securities. SEBI officials have reportedly examined Bhasin’s digital devices and collected evidence as part of the investigation. There are allegations of market manipulation and front-running against Bhasin.RBL Bank: The private banker’s board of directors meeting is scheduled for June 27, 2024, ahead of the annual general meeting (AGM) on the same day, to discuss raising funds through a Qualified Institutional Placement (QIP).

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