"In our view, the pullback in share price was an overreaction by the market," said RHB Research in a note. "The central bank has also promised access will resume once the CRAs complete data security assessments," it added in a note. However, RHB deems this highly unlikely given the level of disruption to the financial system, especially for non-bank lenders. Further, this would likely result in tightening in lending, especially to the B40 group, which goes against Bank Negara's agenda. Article type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights

Source: The Star October 04, 2021 00:33 UTC