According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy Committee (MPC) will likely assess the risk of spillover inflation and a sliding rupee, which could hurt growth of the world’s fifth-largest economy.
The Reserve Bank of India has issued a letter of ‘displeasure’ to Bajaj Finance for failing to identify customer risks in its co-branded credit card
The Nifty IT index tumbled 4.2% – the biggest loser among sector indices. Shares of Persistent Systems plunged 10%, while Coforge dropped nearly 8%. TCS,
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