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Toshiba Delisted After 74 Years on Tokyo Exchange

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....

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India's tighter personal loan rules seen hurting banks' growth; stocks fall

India's tighter personal loan rules seen hurting banks' growth; stocks fall
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Indian lenders slide after cenbank tightens consumer lending rules

Shares of Indian lenders
tumbled on Friday on fears that loan growth and profits could
take a hit, a day after the central bank tightened rules for
personal loans and credit cards to curb sharp growth. ....

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HDFC Bank's ADR premium plunges below 5%, lowest since June last year

The country s most valuable lender HDFC Bank can perhaps no longer claim to be a favourite of foreign portfolio investors (FPIs).

Two data indicators, both somewhat interconnected, point to this - the diminishing premium of HDFC Bank s American depositary receipts (ADRs) compared to local shares, and the ample investment opportunities available to FPIs in the domestic market.

The ADR premium has shrunk to below 5 per cent, down from over 30 per cent in March 2021, and even lower than recent levels. ....

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