Veteran banker Uday Kotak on Thursday welcomed MUFG Bank’s move to buy a 20% stake in Shriram Finance, but questioned whether the company would continue as a non-banking financial company (NBFC) or file as a bank. He noted that the current NBFC structure offers significant growth potential without the regulatory constraints faced by banks. “Happy […]
The board of directors of Computer Age Management Services (CAMS) approved a 1:5 stock split on Friday. The company will announce the registration date at a later date to determine investor eligibility. A stock split is a corporate action in which a company divides its existing shares into several new shares to increase the number […]