BUSINESS
Record high MSF points to elevated money market rates
Most analysts believe that the RBI would keep liquidity in deficit mode or near deficit mode to keep short-term money market rates elevated
BUSINESS
What is the price of India’s entry into exclusive bond club?
The IMF estimates that India’s general government fiscal deficit would be 8.9 percent of GDP for the current year. This is the highest among the constituents of the bond index. It also is likely to have the third highest debt-to-GDP ratio among peers
BUSINESS
For HDFC Bank, FY24 is a speedbump year
In the near term, analysts expect moderation in net interest margins and operating profit growth for HDFC Bank
BUSINESS
RBI’s investment rule rejig has a little freedom, lots of discipline for banks
In a nutshell, the new rules would instil more treasury discipline on banks and greater transparency through disclosures that show how banks are managing their portfolios.
BUSINESS
What explains the volatility in short-term interest rates?
The I-CRR was not only highlighted as a temporary measure to neutralise liquidity but also as one of the tools in inflation management. With an expanded liquidity toolkit, the RBI’s liquidity policy has become more difficult to gauge for the markets
BUSINESS
Moneycontrol Pro Panorama | DPI, UPI, AI and finding a tech Neverland
In this edition of Moneycontrol Pro Panorama: China's dam in Tibet proves costly for India, cries about AI safety gains momentum, can IT sector continue the good times, is RBI privatisation next on cards, and more
BUSINESS
India’s growth outlook through the lens of bank credit
There has been a slowdown in headline credit growth in recent months but retail loans and credit to services have held up. Analysts believe that loan growth is broad-based which augurs well for India’s economic health.
BUSINESS
A fickle corporate bond market is undermining monetary policy transmission
One reason for mispricing has been surplus liquidity and the RBI’s move to levy 10 percent incremental cash reserve ratio (CRR) on banks was based on this view. However, despite banking sector liquidity now near deficit, corporate bond yields haven’t climbed much
BUSINESS
India’s bad bank is up to no good
The twin structure of state-owned NARCL and its private sector resolution agent IDRCL is not cohesive. Difference between the two, including a power tussle, mars the overall recovery process
BUSINESS
NBFCs risk profitability if they binge on unsecured loans
The share of unsecured lending could rise to 18 percent of NBFCs’ loan book by FY24 from 12 percent two years ago, according to ICRA
BUSINESS
Moneycontrol Pro Panorama | There is no crash diet to get over inflation
In this edition of Moneycontrol Pro Panorama: Low interest rates a goal for debt sustainability, industrial growth needs more credit fuel, tanking Chinese economy sets alarm bells ringing, repricing sugarcane a more sustainable solution, and more
BUSINESS
Not weak or strong; rupee is going to be a calm currency in FY24
The RBI has been adjusting the rupee’s value downwards for several years, in tandem with the country’s growth and inflation. Analysts believe this bias will be maintained
BUSINESS
Moneycontrol Pro Panorama | RBI forecasts and butterflies
In today’s edition of Moneycontrol Pro Panorama: Market reaction to July inflation data, the war over submarine cables, Indian companies not interested in US Steel sale, time is ripe for India to grow stronger, and more
BUSINESS
It is time for RBI to do nothing but say a lot on inflation
Many times, the threat of action is more potent than the action itself. For inflation expectations to be under control, markets need to believe that the central bank won’t rest until 4 percent inflation is achieved
BUSINESS
Moneycontrol Pro Panorama | India: Young, restless, and hopeful
In today’s edition of Moneycontrol Pro Panorama: A deep dive into the equity market outlook, can India push the learning curve up, Musk and Zuck show reeks of megalomania, the mega 2024 battle hots up, and more
BUSINESS
Is RBI’s CRR twist a one-time operational tool or a sign of more?
At the press meet following the release of the policy statement, Das said that the RBI has tools beyond the policy rate to respond to inflation and the incremental CRR is one of them.
BUSINESS
Is Q1 as good as it gets for India’s banks?
Signs of moderation are already visible, and analysts are noting in their reports that banks won’t be able to hold on to their fat net interest margins or even balance sheet growth for long
BUSINESS
How long RBI pauses would depend on how strong growth is
While the outlook on inflation is uncertain, what will really move the needle for RBI is how strong the economy remains
BUSINESS
Moneycontrol Pro Panorama | America’s problems shouldn’t be the world’s headache
In today’s edition of Moneycontrol Pro Panorama: M&M’s move to buy stake in RBL Bank, Power Grid and NTPC's over ambitious capex plans, the DPDP Bill is a little too opaque, should you take the FII bait, and more
BUSINESS
IDFC First Bank needs an opex fix to remain in good books of investors
IDFC First Bank has made hefty investments in tech and personnel as it grew its business. While most of the positives have been baked into market valuations, elevated operating expenses are a dampener
BUSINESS
Moneycontrol Pro Panorama | Here is another Ken for our bank Barbies
In today’s edition of Moneycontrol Pro Panorama: Could AI change the face of Indian agriculture, fall in bank CASA deposits concerning, states must fill gaps to boost exports, Fed’s hawkish stance poses risk for market, and more
BUSINESS
Canara Bank: Can this Jhunjhunwala bet beat its industry peers?
The bank’s cautious approach to lending and focus on increasing CASA deposits give it a positive outlook, but its performance is still below its peers and prospects will depend upon performance in the coming quarters.
BUSINESS
Bajaj Finance’s near perfect Q1 is ironically a worry for investors
For consistent performers like Bajaj Finance, the margin of error is extremely low as their performance is taken for granted.
BUSINESS
MC Interview: Canara Bank is focused on CASA growth, says MD Raju
Aside from introducing new targeted CASA products, the bank is looking to rationalise and optimise its network and operations before planning an expansion.
