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Kotak Bank ban: In the past, the RBI removed restrictions on the issuance of credit cards on HDFC Bank in August 2021, while the restrictions on HDFC Bank’s Digital 2.0 program only got lifted only in March 2022.
Against this backdrop, the valuation where it is and also given the fact that the rural portfolio is still not really growing fast and because the rural India spend is still slow, against a combination of these factors I would stay away from the stock. ....
Kotak Mahindra Bank was aggressively growing its credit card business over the past few years, while it also amassed significant number of customers on the back of its 811 digital strategy.
Sebi bans ex-Infy, Wipro staffers in insider trading case Two former employees of IT services providers Infosys and have been banned from trading in securities after the Securities and Exchange Board of India (Sebi) found them guilty of insider trading in Infosys shares when it had won a large deal from US-based investment advisor Vanguard. ....
Paytm: Indian regulators are cracking down on potential fraud in the financial sector, starting with Paytm. The Reserve Bank of India is getting tougher on customer verification lapses and may take more severe action against Paytm bank, which had backing from Warren Buffett and SoftBank Group Corp. ....