Around eight equity and equity-oriented mutual funds have received more than Rs 3,000 crore inflows in July. There were around 600 equity and equity-oriented mutual funds in the said period. (Source: ACE MF)
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative