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SBI Cards & Payment Services standalone net profit declines 22.55% in the June 2021 quarter

SBI Cards & Payment Services standalone net profit declines 22.55% in the June 2021 quarter
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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ipo: Investors dig in, Zomato IPO subscribed over 40X

Retail investors portion was subscribed 7.87 times, while the figure was 54.71 times for qualified institutional buyers (QIB). The amount reserved for non-institutional investors or high net-worth individuals (HNIs) was subscribed 34.80 times. The employee quota was undersubscribed, with demand at 68% of the shares set aside for them.
The IPO received more than 3.23 million applications, the second-highest after the Reliance Power offer, which got 4.78 million applications. Earlier this year, the Rs 1,176-crore Indigo Paints IPO, which was subscribed 117 times, got 3.02 million applications.
Success Attributed to Brand
Bankers attributed the success of the Zomato IPO, the first by a startup unicorn in India, to its brand and business, which are simple to understand. Investors have recognised how disruptive these new-age technology companies are in terms of business scalability, and they believe many of them will end up as category leaders as the current population i ....

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SBI Cards tanks as Carlyle arm sells stake worth Rs 5,000 cr

SBI Cards tanks as Carlyle arm sells stake worth Rs 5,000 cr
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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India's central bank gives clarity to banks dealing with crypto customers

The Reserve Bank of India has clarified that banks can't caution their customers against dealing in crypto, citing an old 2018 circular. ....

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HDFC Bank, SBI Card Warn Customers Of Restrictions If They Deal In Cryptocurrencies

HDFC Bank Ltd. has begun cautioning its customers officially against dealing in virtual currencies, according to emails sent by the lender reviewed by BloombergQuint. These emails inquire about the customers’ virtual currency transactions and advise against such transactions citing a 2018 circular from the Reserve Bank of India, which was later struck down by the Supreme Court. ....

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