The Q3 results for most private banks were in-line with estimates, but showed challenges with respect to their profitability as they found difficulties in mobilizing low-cost deposits to meet the strong credit growth. Declining margins were a key concern among these lenders during the October-December quarter and analysts believe theRead More →
The stock has risen over 4 percent just in January, extending gains for the fifth straight month since September 2023. Between September and January to date, it has advanced 23 percent. Meanwhile, the stock has jumped 37 percent in the last 1 year. The private sector lender hit its 52-weekRead More →
National Payments Corporation of India (NPCI) has announced the launch of an ASBA-like facility in the secondary market. Set to begin next week in its beta phase for the equity cash segment, the ‘UPI for Secondary Market’ initiative is supported by key stakeholders, including clearing corporations, stock exchanges, depositories, stockbrokers,Read More →
Shares of banks and non-banking finance companies (NBFC) including Bajaj Finance, SBI Card, ICICI Bank, HDFC Bank, among others witnessed selling pressure on Friday after the Reserve Bank of India (RBI) tightened norms for personal loans and credit cards. The Bank Nifty index dropped over 0.7%, while Nifty Financial ServicesRead More →
India’s weightage on the MSCI emerging markets (EM) index is tipped to rise to 16.3% from the current 15.88% with nine fresh stock inclusions in the gauge. The addition, effective 30 November, will take India’s representation to an all-time high of 131 stocks. Mint explains: Why is the MSCI indexRead More →
Global funds are now beginning to pay more attention to Indian market, said Christopher Wood, global head of equity strategy at Jefferies, in his latest Greed & Fear report. This is because the market now has 30 companies with a market capitalisation of over $25 billion, it informed. As aRead More →
AU Small Finance Bank Ltd (AU Bank) has sailed through the March quarter (Q4FY23) with a decent performance. Also, a key overhang relating to the re-appointment of its managing director and CEO Sanjay Agarwal is out of the way. Still, investors are jittery. The stock fell 2.5% on Wednesday. HeadwindsRead More →
MUMBAI : In a year rocked by volatility, foreign portfolio investors (FPIs) piled into FMCG stocks, boosting their prices and swelling their FMCG assets under custody by over ₹2 trillion. IT stocks remained least preferred with assets under custody falling to a little over ₹1.2 trillion during the same year,Read More →
The banking sector in the March quarter has shown growth in credit will remain buoyant in the retail segment and recovery in the corporate segment, coupled with stable asset quality and credit costs. Brokerage house Motilal Oswal Securities expects systemic loan growth to remain robust in Q4FY23, with a healthyRead More →
Stocks extended their losing streak for the third day as concerns about the US banking crisis continued to weigh on investor sentiment. The benchmark Nifty and Sensex indices closed 1.49% and 1.52% lower on Monday, marking their lowest levels in seven months. The ripple effects of Silicon Valley Bank’s closureRead More →
