“Since HDFC Bank is a darling of the market, the expectations were higher and the lower delivery led to harsh reactions,” said Siddhartha Khemka, head of research at Motilal Oswal Securities.
Garg, who has been at the centre of the recent controversy over the government’s GDP growth estimates, had questioned the Centre’s claim of 14.8% growth
RBL Bank has raised $350 million through its first international bond sale, pricing bonds tighter than initial guidance. Strong investor demand supports funding for GIFT
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