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Pm To Banks, India Inc: No Inappropriate Action On Genuine Commercial Decisions

We have seen ups and downs, but each time India emerged stronger: Modi Prime Minister Narendra Modi on Friday assured India Inc and bankers that no inappropriate action will be taken in case of genuine commercial decisions. Addressing annual general meeting of industry chamber Assocham here, he said: “I want to assure banking and corporate

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Financial Stocks

D-Street Expects Moderate Index Returns In 2020, Financial Stocks Most Preferred

Brokerages see high probability of moderate returns for the Indian equity market in 2020 amid stretched valuations, likelihood of economic slowdown continuing and limited room for fiscal stimulus by the government. BNP Paribas has an ‘overweight’ stance on the Sensex and expects the benchmark to reach 44,500 in 2020. Maybank Kim Eng is ‘neutral’ on

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Yes Bank

Yes Bank Shares Plunge 4% On Rating Downgrade By India Ratings

Yes Bank shares fell nearly 4% on Thursday’s early trade after rating firm India Ratings and Research (Ind-Ra) downgraded YES Bank’s long-term issuer rating to ‘IND A’ from ‘IND A+’ and its short-term issuer rating to ‘IND A1’ from ‘IND A1+’. The share price of YES Bank slipped 3.74% and touched an intraday low of

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