Kotak Mahindra Bank shares crash 12% after RBI crackdown. Derating ahead?
Shares of private sector lender Kotak Mahindra Bank today fell up to 12% to Rs 1,620 on BSE as investors dumped the bluechip Nifty stock following RBI’s temporary pause on onboarding of new customers through online and mobile banking channels and issuance of fresh credit cards.
View: The ‘Modi-fication’ of India is still thrilling markets
Read more at:https://economictimes.indiatimes.com/news/economy/policy/view-the-modi-fication-of-india-is-still-thrilling-markets/articleshow/109577297.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst In late 2013, when Goldman Sachs Group Inc. turned optimistic on India after a sharp slowdown in growth, the bank titled its report as, “Modi-fying Our View.” The reference was to Narendra Modi, by then the market’s favorite to become prime minister. As if to prove that investors were right to back […]
IPL 2024: Rishabh Pant, Axar Patel shine as Delhi Capitals beat Gujarat Titans by 4 runs
Opting to bat first, Pant (88 not out off 43 balls) and Axar Patel (66 off 43 balls) showcased contrasting yet effective batting styles to propel Delhi Capitals to a formidable total of 224 for 4. Despite the valiant efforts of Sai Sudarshan (65 off 29) and David Miller (55 off 23) who both scored […]