BUSINESS
Budget 2023: Wishlist of markets has a tax-heavy logic
Market participants said there was a need to harmonise tax rules on different financial products.
BUSINESS
LIC: Can the insurance whale put up a dolphin show?
LIC is serious about getting its growth mojo back and the 2.8-percentage-point market share gain during the quarter is a good start. But the big question is whether this is enough for investors who picked up its stock at the IPO to finally get any bang for their buck
BUSINESS
Riding the credit boom won’t be easy for PSU banks
Public sector bank shares are in demand, rising by 28 percent in a month. Investors are betting they will ride the anticipated credit boom
BUSINESS
SBI: Is the elephant dancing on a tin can?
Growth in lending means the bank will need capital, which analysts say is the next stage that is critical for a rerating of the stock.
BUSINESS
Best asset quality of banks hides some risks; the Street should notice
Mere headline numbers do not tell the complete story. What is interesting is how banks have brought down their dud loans. Read on
BUSINESS
Five key trends from Q2 earnings of banks
Most banks saw faster loan growth, a reduction in stressed assets and a rise in profits. Though public sector lenders reported the biggest fall in bad loan stock on a YoY basis, most still have bad loans in excess of 5 percent of their loan book
BUSINESS
RBI-EU standoff will hit markets, regulators must talk to each other
If the stand-off continues, European banks operating in India would be forced to halt transactions in the domestic markets
BUSINESS
LIC Housing Finance must fix margins as earnings cuts loom
Analysts believe that a 10-15 percent erosion in earnings can be seen for the current year. Morgan Stanley noted that most metrics were way below its expectations and has kept an underweight rating on the stock.
BUSINESS
As forex trading volume zooms, these currencies make their presence felt
The US dollar continues to reign supreme but some currencies have defied gravity when it comes to forex trading volume in the past three months. On the flipside, currencies such as Russian rouble, Turkish lira and Argentinian peso have fallen off a cliff.
BUSINESS
Doves, hawks and the Catch 22 in monetary policy
While the RBI members of the Monetary Policy Committee are all for further tightening, two outside members---Ashima Goyal and JR Varma—believe it’s time to ease up on tightening policy
MARKETS
The world is selling US treasuries and that is bad for the RBI
The RBI is exposed to the double whammy of valuation risk due to the dollar's rise, as well as interest rate risk from the rise in bond yields
BUSINESS
NBFC Q2 Preview: Loan growth a bright spot, margins may bother
NBFCs may report double-digit loan growth with housing finance companies and consumer finance firms such as Bajaj Finance showing more than 20 percent growth. Net profit growth may decelerate owing to a high base for most finance firms.
BUSINESS
Banking Q2 Preview | All-round profit growth likely; deposits to be the differentiator
As credit growth surges, banks that have a larger portion of low-cost current and savings accounts would be clear winners amid tightening liquidity.
BUSINESS
RBI takes its first steps on digital currency, but is it really a giant leap for finance?
The RBI has addressed most of the misgivings about the Central bank Digital Currency (CBDC) in its concept note, but it doesn’t make a compelling case why it’s needed
BUSINESS
SEBI’s axe on Brickwork should keep rating companies in line
The regulator’s unprecedented action of shutting down Brickwork suggests sharper oversight and may help the debt market trust rating companies a little more than before.
BUSINESS
As bank stocks steal the show, NBFCs must offer more
Cost of borrowing and asset quality have been the checks on the NBFC rally fuelled by growth prospects of the lenders. The second quarter performance will determine whether the rally in NBFCs has more legs to it.
BUSINESS
India’s bonds will have to wait longer for global index inclusion
Both JP Morgan and FTSE Russell have retained Indian bonds under their watchlist for potential index inclusion.
BUSINESS
Does IndusInd Bank deserve its valuation boost? Yes, but conditions apply
While loan growth may have been impressive, investors should also look at asset quality when the bank details its quarterly performance this month.
BUSINESS
MC Explains | Credit Suisse and the darkening spectre of instability
Swaps on Credit Suisse bonds have surged to 14-year highs, cementing fears. While comparison with Lehman Brothers may seem overdramatic, the bank’s troubles surely go deeper than they appear. Given its "too big to fail" tag, markets are in for a tumultuous period.
BUSINESS
A financial stability storm could upset RBI’s optimism
The central bank's optimism on domestic growth could get tested by transmission risks posed by global events on the trade and financial market fronts
BUSINESS
Sebi chief shows displeasure on Algo trading
Algo trading is defined as the execution of trades by feeding an pre-defined set of instructions to a computer. Such trading uses historical information and data to execute trades.
BUSINESS
RBI rate hike leaves bond street with a lot of comfort but little direction
The 50 bps hike in the repo rate came as anticipated and the accompanying commentary didn’t veer from the expected script. But the RBI governor didn’t offer clear guidance for the coming months either.
BUSINESS
The decoupling theory isn’t cutting ice with the Indian bond market yet
While domestic liquidity and interest rate outlook would be the driver for Indian bonds, global events will continue to have an overarching effect
ECONOMY
RBI’s endgame for rupee must be a win for credibility
Managing the incidental outcomes of exchange rate policy on its interest rate policy and the economy will help the Reserve Bank of India maintain its credibility.
