While HDFC Bank has not admitted to violating RBI regulations, the allegations prompted an internal review by the bank's board and have attracted scrutiny from investors, analysts and regulators.
According to the Income Tax Department, more than four crore Income Tax Returns (ITRs) had been filed as of July 27. The department urged those yet to file to complete the process at the earliest.
The brokerage believes Meesho's asset-light model with negative working capital and improving unit economics makes for a unique combination of a scaled platform business with a long runway for growth and potential margin inflection.
