In a groundbreaking initiative, the Securities and Exchange Board of India is set to revamp the variable net worth calculation method for stockbrokers. This reform is designed to align capital adequacy with the actual risks of their operations and the size of their client pool.
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