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.
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
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.
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.
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.
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
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.
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.
