BUSINESS
Moneycontrol Pro Panorama | The road to stability is paved with penalties
In today's edition of Moneycontrol Pro Panorama: EFTA model and its replication for future deals, surging cotton price adds to woes, IIP contradicts GDP data, Maldives’ growing closeness with China explained, and more
BUSINESS
A Fed cut in June, rupee at 82 could add to India’s appeal: Bank of America's Adarsh Sinha
Everything we've heard from Fed officials so far suggests the median would still be three rate cuts and the June cut is still on the table
BUSINESS
RBI’s crackdowns show chase for higher returns breeds callous lenders
A scorching IPO market has made it more appealing for NBFCs, typically used to more flexible operations than banks, to ignore regulations just to grab the opportunity to make a quick buck through financing these.
BUSINESS
Is the craze for public sector bank stocks warranted?
The narrative that capex-driven credit would be met primarily by public sector lenders could be put to test as private banks have increased lending in recent times
BUSINESS
Moneycontrol Pro Panorama | Welcome to the rate cut bingo!
In this edition of Moneycontrol Pro Panorama: RBI faces stiff challenge from stubborn food inflation, India faces a retirement dilemma, investors advised caution as private capex action heats up, airport wheelchair policy needs a revisit, and more
BUSINESS
The curious case of India’s core inflation fall
An inflation targeting monetary policy and fall in global commodity prices explain the deceleration in core inflation in recent times. This fall in core inflation does not indicate a weakening of demand
BUSINESS
What is behind banks’ weakening core income growth?
Analysts believe that the pressure to raise deposits would continue and that would mean banks have to cough up more interest to get depositors. Also, much of the repricing of the loan book in terms of interest rate hikes is over. The upshot is that drag on NII growth would continue.
BUSINESS
Moneycontrol Pro Panorama | Keeping finance clean
In today's edition of Moneycontrol Pro Panorama: Indian stock markets succumb to US data, creation of quality jobs must be incentivised, bank woes could be short-lived, sharp drop in crypto trading in Indian exchanges, and more
BUSINESS
Bandhan Bank’s investors deserve a neat, clean book
What doesn’t help Bandhan Bank’s cause is its own asset quality track record. For the past two quarters, the lender has disappointed investors with the quality of its loans as slippages have increased leading to an impact on its bottom line
BUSINESS
Moneycontrol Pro Panorama | Paytm, RBI and the doomed idea of payments banks
In today’s edition of Pro Panorama: Appetite for Zomato, the IPO show is on, a BAT-ting issue for ITC investors, mood check ahead of general elections and more
BUSINESS
RBI’s Goldilocks forecast for FY25 depends on liquid courage it refuses to give
The RBI needs to soften its liquidity stance if it wants the forecasts for the next fiscal year to come true. After all, GDP growth is driven by investments more than consumption at this point
BUSINESS
SBI needs staff to roll up its sleeves to lift shareholder returns
SBI’s willingness to dole out pensions at enviable rates is a good strategy to attract future talent, but it pinches if the wage bill is added. The only way to not hurt profit is to generate more income per employee
BUSINESS
Lessons to learn from the Paytm debacle
Paytm’s debacle shows that fintechs cannot function like the Wild West anymore and claim to be above rules. Even so, there are some lessons for the regulator too here.
BUSINESS
Moneycontrol Pro Panorama | Budget Special: Keep consolidating and carry on
While the budget ticked all boxes, it missed one critical piece of the growth puzzle: consumption
BUSINESS
Cheered by Budget, bond market now needs friendly RBI policy
A lower deficit automatically translates into a lower supply of bonds from the government. Indeed, the gross borrowing of the government is pegged at Rs 14.13 lakh crore, lower than Rs 15.43 lakh crore for FY24.
BUSINESS
Banks' profits get a strong leg-up from India Budget
India’s banks are the biggest investors in the government’s bond issuance every year and they hold a little over 37 percent of outstanding government bonds
BUSINESS
Mahindra Finance gets growth right, but costs bite
What stood out as a sore thumb was the 18 percent contraction in tractor loans and 47 percent fall in loans to small businesses. While the fall in small business loans is perhaps partly by design, a sharp contraction in tractor loans does not augur well for the company
BUSINESS
MC Pro Quick Take | Bajaj Finance is resilient but growing borrower leverage needs a look
The growth in new loan acquisitions has always outstripped that of new customer acquisitions, implying that a large chunk of new loans is given to existing borrowers. In the October-December quarter, 61 percent of the new loans went to existing customers
BUSINESS
MC Pro Quick Take | SBI Life fares better than peers, but not compared to its past performance
SBI Life’s stock has lagged the broad market and a key reason behind this is the expectation that business growth rates this year won’t match that of the last one. The indications are already visible
BUSINESS
Axis Bank’s balance sheet growth is not powering its profits yet
Even as the heat on deposits is on, Axis Bank is aiming to expand its branches, just like its peers to keep up the fight to garner deposits. This and spending on tech, along with general employee expenses, has been a big drag on profits
BUSINESS
IDFC First Bank’s 5-year plan needs an opex fix
IDFC First Bank wants to expand its branches to bring in more deposits, a strategy adopted by almost every bank. But keeping operating expenses under control could be a challenge.
BUSINESS
ICICI Bank’s Q3 could reinstate investor faith in bank stocks
ICICI Bank’s net interest margin for the quarter stood at 4.43 percent, far superior to HDFC Bank’s 3.43 percent. The management has guided that margins for FY24 will remain similar to the previous financial year
BUSINESS
Moneycontrol Pro Panorama | Davos diaries and the Indian leap of faith
In today's edition of Moneycontrol Pro Panorama: Indians making investment changes as per tax resets, geopolitical risks will drive up oil prices, travel insurance to the rescue, sugar mills face another hit, and more
BUSINESS
HDFC Bank’s profitability fails the return on assets test
Two metrics have emerged as a big red flag for investors: A 2 percent contraction in earnings per share and a greater contribution of tax writebacks behind the enviable 2 percent return on assets (RoA).
