Banks need to scale up investment in strengthening the technology before launching products to ensure their platforms can handle volume without inconveniencing the customer. Repeated glitches will distance even the loyal customers from a bank and prompt them to look for better options
Chadha notes caution pre-election due to US yields, advises good earnings as hedge. Impressed by Britannia, Tata Consumer, Axis, ICICI banks. Favors ICICI, Axis, HDFC, Kotak for growth potential and asset quality in banking sector.
Industry colleagues and journalists expressed their shock about the passing away of the veteran leader known for his affable nature, irreverence and sharp common sensical approach to everything in life including markets.
Gurmeet Chadha discusses varying valuations, smallcap index trends, Blinkit s potential, HDFC Bank s performance, and potential earning surprises in textiles, defense, space sectors, and chemicals amid the earnings season. Chadha says selectively tracking textiles players like Gokaldas who have done acquisitions and added capacities. He is also looking at some defence and space names like Zen Technologies.
Nearly 8 years ago, a RBI notification had triggered possible HDFC-HDFC Bank merger talks : Rashtra News #years #RBI #notification #triggered #HDFCHDFC #Bank #merger #talks Talks of a merger between HDFC Bank and parent HDFC Ltd had gained steam nearly eight years ago, when the Reserve Bank of India allowed banks to issue long-term bonds