BUSINESS
With a cleaned-up book, IDBI Bank deserves privatisation success
The bank has made enough provisions for bad loans to ensure future profitability
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
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
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.
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
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
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
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.
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
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.
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.
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.
BUSINESS
A New Year of dissent awaits the RBI’s monetary policy committee
Divergences and dissent emerge during periods of economic recovery as emerging data is conflicting
BUSINESS
Sebi doesn’t want Peter to pay Paul’s tax in buybacks
Sebi has proposed to phase out the stock exchange route for buybacks. The timeline for completion of buyback has been now reduced by 18 days.
BUSINESS
SEBI chief lambasts market players on missing 'spirit of the law'
“There is umpteen number of innovative malpractices in the market that keep us busy on regulation,” Buch said in a press interaction post-board meet on December 20.
BUSINESS
MC Explains: What does BoJ’s tweak in yield curve control policy mean?
While the contours of the monetary policy statement are largely unchanged, the change in the yield cap has triggered expectations that the BoJ may well have begun to normalize monetary policy.
BUSINESS
Kfin Technologies’ IPO doesn’t tick all the boxes for investors
A valuation 32 times its FY23 earnings per share, at a deep discount to rival CAMS’ 39 times, isn’t attractive enough. Here’s why.
BUSINESS
In the war for deposits, no one is winning yet
Leads and lags in interest rate transmission, and a persistent inflation threat to returns make the pursuit of deposits a challenge for banks
BUSINESS
Budget must snip some spends, though GST trend robust, says Barclays’ Rahul Bajoria
The key challenge in the next budget could be that as nominal GDP growth comes off dramatically, how the government will manage the spending mix without really delivering any pain at the ground level, says Bajoria
BUSINESS
A private sector chief for LIC may not be an easy deal
The key to a change in LIC's fortunes lies not in bringing in outside talent, but in giving its management a completely free hand
BUSINESS
RBI gives legs to bank rally by extending HTM holiday
In the current rising interest rate cycle so far, India’s banks have managed their trading books better than in previous rising interest rate cycles.
BUSINESS
MC Interview: RBI must make stance neutral once 4% inflation is visible, says HSBC’s Bhandari
The divergence between core inflation and food inflation will get amplified in the coming months which is why the RBI is right in keeping with a hawkish tone, according to HSBC's Pranjul Bhandari.
BUSINESS
What is the bond market reading from the RBI policy?
Bond investors view the MPC as a committee high strung by inflation, reflected in the seven basis point jump of the benchmark 10-year government bond yield during Das’s address.
BUSINESS
CBDC pilot: A tale of intense prep, high hopes, and a nagging existential question
The excitement among bankers and the RBI notwithstanding, the relevance of the CBDC to a customer remains a question
