The Reserve Bank of India (RBI) on Wednesday announced the lifting of supervisory restrictions previously imposed on Kotak Mahindra Bank, and allowed the bank to resume onboarding of new customers through its online channels and issue new credit cards. Rahul Malani of Mirae Asset Sharekhan explains what it will mean for the stock. How do … Read more
Anil Gupta, Sr VP & Co-Group Head-Financial Sector Ratings, ICRA, in conversation with ET Now on RBI proposal for tighter project finance rules. Gupta says “given the market reaction, there could be a case where maybe more clarification will emerge as to whether 5% provision requirement is on the entire under-construction portfolio of the lenders … Read more
Mumbai: Shares of Bajaj Finance plunged 7% on Thursday after the company reported moderation in the loan growth in the December 2022 quarter. The finance company’s assets under management grew 27% in the December quarter from the same period a year ago. Analysts said the growth was lower-than-expected given that the October-December period was a … Read more
“This is a year in which if you look at the recent automobile sales they have been strong and they are likely to get stronger going into 2023 which is another positive for M&M Finance,” says Chakri Lokapriya, CIO & MD, TCG AMC. Just wondering what to do with Bajaj Finance, their quarterly update is … Read more