Equity schemes, led by small- , mid-cap and thematic funds, received ₹39,688 crore inflows during the month as against ₹41,156 crore in December. Investments through monthly systematic investment plans (SIPs) softened a tad to ₹26,400 from the previous month’s ₹26,459 crore.
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