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In December 2020, the RBI had barred HDFC Bank from new digital launches and issuance of fresh credit cards until it addressed its digital issues. The RBI had also asked the bank’s board to identify lapses and fix accountability.
Stocks in the news: Adani Ports, Nestle India, L&T Finance, FRL, APL Apollo and IndusInd BankFMCG major Nestle India reported a 2.25 per cent rise in net profit to Rs 483.31 crore for the fourth quarter ended December.
from Stocks-Markets-Economic Times https://ift.tt/3pAp2FX
… Read MoreIs Warren Buffett a stock buyer or seller? Yes.Berkshire’s investment activity during the final three months of 2020 was all over the place, reflecting the chaotic and uncertain moment the world finds itself in — and that was before the GameStop phenomenon and meme-stock … Read MoreTokyo stocks open lower on profit-takingInvestors were cautious about over-valuation of stocks after recent rallies.
from Stocks-Markets-Economic Times https://ift.tt/3jWzk1H
… Read MoreCrypto investors may switch to P2P transfer in case of banSeveral cryptocurrency exchanges have reached out to the government in what is being seen as the last hope to lobby against a complete crypto ban in India.
from Stocks-Markets-Economic Times https://ift.tt/2NaULjy
… Read MoreCredit Suisse upgrades India to ‘overweight’Credit Suisse said the credit cycle in India is at an earlier stage compared to all other markets in the region. “The scope for rate cuts is greater than in perhaps every other market save Indonesia,” the brokerage said.
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