The government is leaning towards the view that a bank’s exit from the public sector should be total when it is privatized. However, to make the sale attractive, the government wants the Reserve Bank of India (RBI) to relax the rules on ownership in private sector banks. A senior government …
Read More »Nifty Bank Index Down 2%; RBL, Bandhan, HDFC Bank fell more than 3%
Bank stocks were under pressure with the Nifty Bank index falling 3 percent from its intraday high on Friday, after rating agency India Ratings and Research (Ind-Ra) revised its outlook on the banking sector to ‘Negative’ for the second semester. – October to March (H2FY21) from ‘Stable’. Bandhan Bank, RBL …
Read More »