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Aparna Iyer

Deputy Editor

Moneycontrol

SBI Q3 result: Net profit surges 68% to Rs 14,205 crore, beats estimates

BUSINESS

SBI Q3 result: Net profit surges 68% to Rs 14,205 crore, beats estimates

SBI Q3 result: The lender’s interest income rose to Rs 86,616 crore from Rs 69,678 crore in the same quarter of the previous year.

Death of market-linked bonds leaves HNIs smarting, NBFCs in a lurch

BUSINESS

Death of market-linked bonds leaves HNIs smarting, NBFCs in a lurch

Non-bank finance companies used market-linked debentures extensively to borrow at a lower cost from the market. Until now, the proceeds were treated as long-term capital gain and attracted a tax rate of 10%. Now, a 30% short-term capital gain tax will be applicable.

Budget 2023: Why insurance stocks took a beating after FM's speech

BUSINESS

Budget 2023: Why insurance stocks took a beating after FM's speech

Union Budget 2023: The finance minister pushed the new income tax regime that does away with exemptions on investments. She also announced curbs on exemptions involving high-value insurance policies

Economic Survey 2023: From the CEA comes #WhyIamNotLosingHopeinIndia

BUSINESS

Economic Survey 2023: From the CEA comes #WhyIamNotLosingHopeinIndia

The CEA’s optimism isn’t entirely misplaced, but there are also challenges and the economic survey falls short of lighting a clear path to handle these.

Economic Survey 2023: Retail investors a tough crowd for debt issuance

BUSINESS

Economic Survey 2023: Retail investors a tough crowd for debt issuance

Economic Survey 2023: Public issuance of debt securities fell 27 percent year-on-year for the April-November period even as the overall issuance of debt securities rose by 5 percent

India Budget 2023: Motley divestment pack has little to look forward to

BUSINESS

India Budget 2023: Motley divestment pack has little to look forward to

This is thanks largely to past unmet disinvestment targets. Even a behemoth like LIC couldn’t deliver on expected lines. This year too, the disinvestment target will be missed.

Yes Bank’s AT-1 bonds legal battle may not give closure to bond holders

BUSINESS

Yes Bank’s AT-1 bonds legal battle may not give closure to bond holders

The legal battle about Yes Bank’s AT-1 bonds has big lessons for banks, regulators and the judiciary

ICICI Bank Q3 Preview: Expect a robust all-round act; 29% net profit growth

BUSINESS

ICICI Bank Q3 Preview: Expect a robust all-round act; 29% net profit growth

Healthy growth in net interest income is expected on the back of double-digit loan growth and an expansion in the net interest margin.

HDFC Life Q3FY23 Preview: Profitability to shine, growth outlook in focus

BUSINESS

HDFC Life Q3FY23 Preview: Profitability to shine, growth outlook in focus

Company expected to post steady value of new business and healthy new business margins, two key metrices for life insurers. HDFC Life has been reporting superior NBMs for several quarters now.

Budget 2023: Simplify taxes on investments without hurting markets

BUSINESS

Budget 2023: Simplify taxes on investments without hurting markets

Worries that the government could increase long-term capital gains tax rates in Budget have emerged even as investors hope the rules are rationalised without bruising market sentiment.

In Graphic Detail: Bank credit to industry rises, a lure for private capex

BUSINESS

In Graphic Detail: Bank credit to industry rises, a lure for private capex

In Graphic Detail’ is a special series of data stories covering the Union Budget's key elements over a short and long-term period

ICICI Prudential Life disappoints on Q3FY22 growth but offers robust outlook

BUSINESS

ICICI Prudential Life disappoints on Q3FY22 growth but offers robust outlook

For the October-December quarter, the private-sector life insurer reported a mere 3.3 percent YoY growth in new business premium. The company is now moving more towards mass and mass affluent growth from a policy of targeting high net worth individuals.

With a cleaned-up book, IDBI Bank deserves privatisation success

BUSINESS

With a cleaned-up book, IDBI Bank deserves privatisation success

The bank has made enough provisions for bad loans to ensure future profitability

Q3 earnings preview: NBFC margins may shrink amid robust growth

BUSINESS

Q3 earnings preview: NBFC margins may shrink amid robust growth

Home and vehicle financiers are set to report strong disbursement growth even as the cost of funds rises sharply for most NBFCs

MC Interview: Budget key for 10-year yield, corporate bond sales may increase, says Axis Bank’s Gambhir

BUSINESS

MC Interview: Budget key for 10-year yield, corporate bond sales may increase, says Axis Bank’s Gambhir

There are enough levers for bank credit growth to remain robust, but companies may take a relook at corporate bonds for fund-raising as bank loans begin to look expensive with rates hikes, says the group head of treasury and markets

IDBI Bank: Can the bad penny turn into a gift horse?

BUSINESS

IDBI Bank: Can the bad penny turn into a gift horse?

Scepticism about IDBI Bank’s prospects remains because shaking off its public sector culture is not easy and the improvement in its bad loan ratios was largely on the back of write-offs.

India’s GDP growth feels robust, but it may not be

BUSINESS

India’s GDP growth feels robust, but it may not be

Indians may finally take a break after having fulfilled their pent-up desires post the pandemic—the advance GDP estimates show private consumption is expected to shrink 0.2 percent in second half

Earnings preview: Q3 to bring PAT, margin growth for banks

BUSINESS

Earnings preview: Q3 to bring PAT, margin growth for banks

Early updates of select private sector banks show that the low-cost current and savings account deposits have remained stagnant during Q3FY2023, an indication of a shift to term deposits by customers

Big or small, CASA eludes all banks in Q3 but deposits hold up

BUSINESS

Big or small, CASA eludes all banks in Q3 but deposits hold up

A part of CASA decline could be a shift to term deposits after banks began hiking interest rates on the latter

Equitas SFB has all things in place for a performance-based rerating

BUSINESS

Equitas SFB has all things in place for a performance-based rerating

With the air clear on leadership and reverse merger issues, the bank is now all set for a rerating. Its share price has already risen 57% in the last six months. The bank is now gearing up for a faster loan growth.

The missing message for 2023 in the RBI’s Financial Stability Report

BUSINESS

The missing message for 2023 in the RBI’s Financial Stability Report

The banking system is at its best in almost a decade. But for the current credit cycle to be sustained, banks must not repeat the mistakes of the last one

2022 IPOs: Investors learn profitability, not narrative, is the key

BUSINESS

2022 IPOs: Investors learn profitability, not narrative, is the key

A majority of the new issues in 2022 were either fully priced or overpriced. That did not seem to matter much when the market was booming. But as globally sentiments for equities soured, markets became a great teacher.

MC Interview: 2023 to see rise in margins and growth, says HDFC Life CFO Niraj Shah

BUSINESS

MC Interview: 2023 to see rise in margins and growth, says HDFC Life CFO Niraj Shah

The company is confident about margin expansion on a standalone basis at HDFC Life and the acquired business of Exide Life, says Shah. Shah is skeptical about the benefits corporate agents and distributors can derive from the tie-ups with nine life insurers, instead of the earlier three.

Five charts that show RBI’s grip on rupee in 2022

BUSINESS

Five charts that show RBI’s grip on rupee in 2022

While the RBI is no no stranger to exchange-rate volatility, what was notable was that its intervention morphed over the year -- from a more complex exercise involving heavy forward segment interference to a simpler spot market intervention.