Agree on this point… Remember the case of indiabulls housing finance, they were bombard with many cases and allegations untill its business go burst… A fast Growing housing fin company with high ROE, low NPA suddenly became kachra stock ecen though Nothing is proven…
Let’s hope they come out clean but if such instance like raids repeats in short term, it should be taken as big red alert as finance companies run more on trust than money…!
Disc: Invested
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