Bain-Backed Adani Capital Hires Das as Chief Credit Officer bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Rakesh Das, who joined last week, will oversee the non-bank financial company’s credit practices, said the people, asking to be unnamed because they aren’t authorized to speak publicly about it.
The relationship that PSU banks establish with NBFCs run by big corporate groups need to be watched very carefully due to potential moral hazard problems.
Stocks like Tata Power, SBI and ABB India you must buy today. NSE nifty shot up 234 points and closed at 17,401 levels whereas BSE Sensex surged 776 points and closed at 58,461 levels. Markets experts say the current trends displays the strength of bulls in a down trend.