BUSINESS
Who will blink first? Moody markets or data driven central banks?
Powell’s dilemma is acute as the stability of banks depends on market sentiment even as the Fed’s credibility depends on inflation data
BUSINESS
Why the Fed had to step in to save Silicon Valley Bank depositors
The Fed’s timely action has calmed the markets for now, but the sharp rise in interest rates could mean trouble for other interest-rate sensitive businesses
BUSINESS
US Fed and China to give Asian currencies a tough time, says Law of Bank of America
Asian currencies won't show a unidirectional in 2023 like they did in 2022 because of the push and pull of US Federal Reserve's rate hikes and China's reopening, said Patrick Law, head of forex trading for Asian Pacific at Bank of America
BUSINESS
Aptus Value Housing Finance trades 30% below IPO price: Time for Ambit's contrarian call?
Brokerage firm Ambit Capital does not agree with many of its peers who have a buy recommendation on Aptus Value Housing Finance stock
BUSINESS
Yes Bank gets a big 'no' from investors as lock-in ends for bailout peers
Under the rescue plan, 8 financial entities, led by SBI, had infused Rs 10,000 crore in Yes Bank. They were mandated to hold the shares for three years. As that lock-in nears its end, Yes Bank faces selling pressure.
BUSINESS
Citibank’s exit: Not easy to do business in India?
The 2008 financial crisis prompted the RBI to turn up the regulation on banks. It also prompted multinational banks to turn down their enthusiasm in spreading their business across geographies and focus on healing the home business
BANKS
Where is that Rs 100 deposit going?
In Apr-Jan of FY2023, out of a Rs 100 deposit, Rs 37 went towards services, such as transport, trade, and so on. While Rs 14.07 went to agriculture, Rs 10.58 went to the industry. Since banks could not meet the growing demand for loans from deposits alone, they resorted to borrowings as well.
BUSINESS
Has India's GDP taken a turn for the better or worse? Depends on how you look at it
Growth in private consumption, the bedrock of India’s economic growth, dropped sharply to a mere 2.1 percent in the December quarter. Consumer sentiment indices may show that Indians are optimistic but they are clearly not putting their wallet where their mouth is
BUSINESS
With bank shares under duress, it’s time to look at operating expenses
On aggregate, 31 listed banks reported a 16 percent increase in operating expenses for the December quarter and 14 percent for the first nine months of FY23.
BUSINESS
Surprise, surprise! Mergers have actually worked for Indian banks
A new study by the Reserve Bank of India finds that, in the long-run, bank mergers are good for both the parties involved
BUSINESS
Warren Buffett on Berkshire's success: Not just smart investing but lots of luck
Buffett credits Berkshire’s success to not just smart investing but a lot to luck. For instance, Berkshire invested in insurance firm National Indemnity in 1967, the first step towards Berkshire’s well tested insurance bets, was a stroke of luck according to Buffett.
BUSINESS
Warren Buffett's secret sauce: Be a business picker, not a stock picker
Buffett said that Berkshire has been able to pick businesses that have been lasting value creators. He highlighted Berkshire’s purchase of Coca Cola in 1994 at the cost of $1.3 billion which now has grown to a value of $25 billion excluding yearly dividends.
BUSINESS
A war kindles the desire for an international Rupee, but the road isn't rosy
Fear of US sanctions has made some private sector banks wary. Even with Russia, there seems to be a reluctance to settle trade in Rupees of late.
BUSINESS
RBI has found its animal spirits even if the economy has not
The State of the Economy report in the RBI Bulletin says 'we believe that India will decouple from macroeconomic projections of current vintage and also from the rest of the world'
BUSINESS
Kotak Mahindra Bank’s Sonata acquisition a small step for more yield
Analysts believe the move will help increase its presence in North India and lift unsecured loans from 9% to the mid-teens.
BUSINESS
City Union Bank investors spooked by asset quality hit in Q3
The private sector lender’s performance did not live up to its past trend. Compared to its peers too, it lagged.
BUSINESS
How credible is LIC’s claim to stand tall sans tax crutch?
The low share of life insurance in the overall household savings is a testament to the fact that insurance in India is a push product that needs sweeteners such as tax exemptions
BUSINESS
How big or small is the trouble from Adani for bond markets? Ratings may decide
The biggest risk facing Adani Group is refinancing upcoming bond redemptions, both foreign and domestic. So far, the risk does not seem alarming to investors.
BUSINESS
MPC’s inflation fight easier than RBI’s quest for financial stability
With the government showing fiscal rectitude in its Budget for 2023-24, there isn’t any hurdle for the central bank in achieving price stability
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.
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.
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
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.
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
