Previous close | 63.20 |
Open | 63.00 |
Bid | 63.10 x 10000 |
Ask | 63.30 x 54000 |
Day's range | 62.90 - 63.40 |
52-week range | 51.40 - 69.20 |
Volume | |
Avg. volume | 44,359 |
Market cap | 38.808B |
Beta (5Y monthly) | 0.93 |
PE ratio (TTM) | 25.94 |
EPS (TTM) | 2.44 |
Earnings date | N/A |
Forward dividend & yield | 0.06 (0.10%) |
Ex-dividend date | 06 Jul 2023 |
1y target est | N/A |
India's troubled Paytm is likely to partner with Axis Bank, HDFC Bank, State Bank of India and Yes Bank for processing transactions via the popular unified payments interface (UPI), two sources aware of the development said. The central bank has asked Paytm Payments Bank, the banking unit of Paytm to wind down its business by March 15, leading to disruption for the popular payment app. UPI is India's real-time payments system, operated by the National Payments Corporation of India (NPCI), that allows users to transfer money across banks.
The Indian government's plan to tighten fiscal policy next financial year has not only boosted sovereign bonds but could also push the country's central bank to ease its stance on liquidity, the treasury head of Axis Bank said on Friday. "Since the government has planned for fiscal consolidation and has opted for more aggressive fiscal tightening, it opens up room for the Reserve Bank of India to be somewhat more accommodative," said Neeraj Gambhir, group executive and head of treasury, markets & wholesale banking products. Gambhir said both fiscal and monetary policy cannot be loose simultaneously, particularly as inflation is running above target.
Two senior investment bankers at India's Axis Capital, including its head of equity capital markets, have resigned in the latest in a series of top-level departures at a time when stock market listings are booming in the country, three sources said. Ashish Kumbhat, who headed the firm's Equity Capital Markets practice, and Amit Jain, a managing director, have decided to leave the firm, the sources said, who declined to be named as the matter is confidential.