BUSINESS
What will a digital rupee replace?
There’s been enough excitement around a central bank digital currency (CBDC) for India since the finance minister announced in the Union Budget that a digital avatar of the rupee is in the offing in FY23. But before rushing into a digital rupee, it is imperative to answer this question—what will a CBDC replace?
BUSINESS
Payments business remains the most profitable, says Paytm CFO Deora
Payment services to merchants and consumers earned Paytm more than Rs 1,000 crore of revenue in the third quarter of the financial year, says chief financial officer Madhur Deora. “Nobody does Rs 1,000 crore revenue in India fintech today,” Deora said in an interview.
BUSINESS
SBI results offer some signs and a lot of hope for economic growth
Intentions to borrow have increased, as the bank is sitting on a sanction stack of close to Rs 4 lakh crore
BUSINESS
MPC Meet | What did the Budget change for the RBI policy?
As against a consumption-driven budget that put money in the wallets of Indians to spend immediately, the budget was investment-driven.
INFOGRAPHIC
Govt is shooting itself in the foot with borrowing binge
The government will have to use nearly half of its net tax revenues towards interest payment of its past borrowings, an unproductive expenditure
MARKETS
As Budget 2022 sledgehammers with high borrowing, bond market fumes
For the bond market, Budget 2022 has been a double whammy—high market borrowing and the absence of indication of inclusion in global bond indices
MARKETS
Budget 2022: Bond market gets a steep bill from government
Budget 2022: The gross market borrowing for FY23 is a record Rs 14.95 lakh crore, which will pose a big challenge for the bond market.
BUSINESS
Economic Survey 2022: Is the FY23 GDP growth forecast rosy or realistic?
If the government is keen on helping GDP grow by 8 percent and above, it would have to keep up its fiscal support through both revenue and capital spending. That could make fiscal consolidation difficult.
INDIA
Economic Survey 2022: India is well shielded from any possible taper tantrum
The combination of high foreign exchange reserves, sustained foreign direct investment, and rising export earnings will provide an adequate buffer against possible global liquidity tapering in 2022-23.
BUSINESS
Will Unity SFB be able to unite PMC Bank depositors?
PMC Bank depositors have been severely wounded financially due to the long wait to get back their money. What’s more, a section of them believes the amalgamation scheme is a pyrrhic victory
INFOGRAPHIC
In Graphic Detail: It is time jobs become the centre of Budget
A lion’s share of employment generation in India is in the informal sector. Even as jobs have been lost, there has been greater formalisation of the economy with big companies gaining more market share and pushing out small firms.
BUSINESS
Budget 2022: One IPO to decide fate of divestment for two years
The LIC stake sale is key to meeting divestment targets and the government’s privatisation plans may get a push only after assembly elections.
BUSINESS
Budget 2022: Investors brace for another year of high bond supply
The government will need to borrow a minimum Rs 4.5 lakh crore to repay past loans, apart from continued spending to support an economic recovery
BUSINESS
In Graphic Details: A brief history of government borrowing
In graphic detail is a special short data series covering the Union Budget’s key elements over a long- term period.
BUSINESS
ICICI Bank is a darling of investors, what could go wrong?
ICICI Bank saw a 25.4% rise in net profit in Q3 but what stands out is that the growth comes from an 18 percent increase in core interest income unlike other banks where lower provisions have been the primary boost
BUSINESS
Budget 2022 | Implement old promises for banks before making new ones in the Budget
The start of the bad bank’s operations is stuck due to differences regarding its structure
BUSINESS
HDFC Bank gets growth back in Q3 but fees need a fix
HDFC Bank’s Q3FY22 was a mixed bag with core operating performance yet to reach its past prime. Net interest income growth remained around 14 percent, a decelerated expansion level post the pandemic.
BUSINESS
Did Paytm’s Vijay Shekhar Sharma just compare apples with oranges?
The founder has compared Paytm with consumer lender Bajaj Finance, raising eyebrows
BUSINESS
Will a good Q3 show by banks mean a great FY22?
Analysts expect lenders to report a surge in net profit as provisions may reduce with a dip in delinquencies
BUSINESS
RIL’s dollar bond bonanza may give wings to others
What works for Indian companies is the fact that they have deleveraged their balance sheet over the past several years. Further, the earnings performance of large listed Indian companies has been healthy in the past four quarters.
BUSINESS
India’s states face steeper costs as bonds price in inflation
The average cost of borrowing for states is at an 11-month high amid concerns over lower surplus liquidity and uncomfortable inflation levels.
MARKETS
Why can’t investors make up their minds about bank stocks?
Bank stocks are cyclical and tend to be a harbinger of the performance of other sectors and the broad economy, making them more volatile.
BUSINESS
In Q3, growth cheer for banks but bad loans matter
Analysts expect banks to report an improvement in earnings in third quarter as well as the full financial year. How the lenders manage the restructured loan pile and their provisioning cushion will determine valuations
BUSINESS
Will fiscal consolidation help bring down government borrowing?
Servicing its debt is going to be an uphill task for the government in the coming years due to the expansion in borrowing and the expected rise in bond yields.
