Manish Kumar, the Chief Investment Officer, ICICI Prudential Life Insurance Limited believes that the current valuations are justified, given ample monetary and fiscal stimulus and record global liquidity.
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ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: Report
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ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: ReportPTI
Last Updated: Mar 04, 2021, 07:30 PM IST
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Quoting unnamed RBI officials, a media report earlier this week said the monetary authority is not comfortable with banks owning controlling stake in non-core businesses like insurance ventures which are capital guzzlers and wants banks to cap ownership in insurance arms/ companies at a maximum of 20 per cent.
Agencies
Current regulations allow banks to own over 50 per cent stake in insurance arms.
Samarpita BanerjeeFeb 24, 2021, 14:05 IST
Abhinav Kumar, Vice President, Product Marketing at Paytm has been given the additional responsibility of marketing for.
Jaskaran Singh Kapany, Vice-President Marketing,
Paytm will be moving on after being a part of the organization for 6 years.
Abhinav Kumar, Vice President, Product Marketing at Paytm has been given the additional responsibility for now. Jaskaran Singh Kapany, Vice President - Marketing, Paytm will be moving on from the organization. The news was confirmed to us by a highly placed source in the industry on the condition of anonymity. With Kapany moving on,
Abhinav Kumar, Vice President, Product Marketing at Paytm has been given the additional responsibility to handle the marketing portfolio for now, the source revealed.
Stop loss: 450 LIC Housing Finance has witnessed a fresh breakout of late, after spending nearly a month in a consolidation range. Besides, it has also surpassed the hurdle of the declining trendline on the weekly chart. All indications are in the favor of prevailing momentum to continue. Traders should not miss this opportunity and accumulate in the mentioned range.
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BUY HDFC AMC | TARGET: Rs 3,150 | STOP LOSS: Rs 2,850 The stock was in a strong uptrend and witnessed some profit booking from the higher levels. If we take the retracement of the entire rally, then the stock has found support at 38.2 per cent retracement levels which is placed at 2,850 levels. The momentum indicator RSI and MACD are very well in the buy mode on the weekly time frame and hints of a trend reversal on the higher side.
BUY ICICIGI | TARGET: Rs 1,425 | STOP LOSS: Rs 1,340 The stock formed an inside bar pattern on the daily chart which is considered as a bullish reversal pattern. On the daily time frame, the stock has found support at the placement of 200 DEMA and 200 DSMA, and this support are intact since April 2020. The momentum indicator RSI is showing signs of reversal from the oversold territory and MACD has provided a fresh buy crossover on the hourly chart which hints of a further momentum on the higher side.