BUSINESS
Indian Overseas Bank to cut govt's stake by up to 2.5% in Q4 via Rs 2,000 cr QIP, says CEO
Currently, the Central government holds 96.38 percent stake in Indian Overseas Bank
BUSINESS
Budget 2025: Insurance honchos seek tax incentives for policyholders, reduction in GST
Most insurance firms expect an increase in tax deduction limits for policyholders under section 80C for life insurance premiums and tax incentives for policyholders under section 80D.
BUSINESS
RBI's daily VRR auction may not help higher liquidity deficit, experts say
The RBI has, so far, conducted two VRR auctions — on January 17 and January 20 — and infused Rs 1.09 lakh crore in the banking system
BUSINESS
RBI sold net $20.23 billion in spot forex market in November, shows bulletin
The intervention by the central bank has increased in the spot as well as forward market after the Indian rupee started depreciating sharply due to various global and domestic factors.
BUSINESS
RBI Report: Deficit liquidity and SDF funds highlight skewed liquidity distribution
The report added that banks appear to be availing liquidity from the RBI but not onlending to money markets.
BUSINESS
Need to monitor second-order effects of persistent food inflation: RBI report
Despite the sequential easing, the level of food inflation continues to remain high, with select key products experiencing high double digits inflation, RBI report said.
BUSINESS
90% of slippages came from retail portfolio: Axis Bank’s CFO Puneet Sharma on Q3 results
Seasonality from agri portfolio, unsecured loans impacted slippages, CFO Puneet Sharma said
BUSINESS
Bank of Maharashtra CEO confident of meeting minimum public shareholding norms in FY26
All listed companies must have an minimum public shareholding of 25 percent. The deadline for all PSUs to adhere to the norm was August 1, 2024 but the government extended it to August 1, 2026
BUSINESS
Banks turn innovative to retain depositors as liquidity tightens
Banking sector's liquidity has reduced from Rs 1.26 lakh crore surplus to Rs 2.22 lakh crore deficit in the past six months
BUSINESS
HDFC Life to launch 3-4 products in pension, unit linked space in six months, says CFO Niraj Shah
Shah in an interview said that in the data leak incident, the company has appointed two agencies to help find the root cause of the incident and have strengthened the system.
BUSINESS
Banks' Q3FY25 Outlook: Brokerages see weak earnings amidst slow loan growth, pressure on NIMs
Profit after tax of state-owned and private banks are expected to grow in the range of 10-70 percent in Q3FY25. Some banks are expected to report a fall.
BUSINESS
Budget 2025: MFIs seek refinancing window, credit guarantee scheme amid rising stress
The microfinance industry came in the news a couple of months back because of rising concern over lenders charging higher interest rates to borrowers
BUSINESS
India’s disinflation progress could derail amid sharp rupee depreciation
In the last three months, the Indian rupee has depreciated by around 3.2 percent against the US dollar, making it the second least volatile currency among its peers, after the Hong Kong dollar, which depreciated by 0.17 percent during the same period.
BUSINESS
Star Health Insurance to add 29-30 bancassurance partners by H1FY26: Biju Menon
On the data breach in October, Menon said that the firm has taken all the necessary steps to fix the problem, which will avoid such incidents in future. In October, Star Health faced a data breach exposing personal details of three crore customers.
BUSINESS
Rupee hits lifetime low of 85.97 vs USD amid persistent FII outflows, rising crude oil prices
Indian rupee slipped to its all-time low on Friday as the dollar stood firm ahead of closely watched US labour market data
BUSINESS
Share of household deposits in GDP rises in FY24 contrary to expectations
Share of total deposit of households in the GDP has increased to 4.7 percent in FY24, from 4.1 percent in a year ago period despite the stress in the deposit mobilisation for banks, according to ICICI Bank Global Market report.
BUSINESS
Need stable surplus liquidity to lower pressure on bank lending rates, ease financing: India Ratings
Liquidity in the banking system came under pressure due to various factors, such as tax outflows and the RBI’s intervention in the forex market to stabilise the rupee.
BUSINESS
Indian rupee falls 9 paise on strong dollar, rise in oil prices
At 10:30 AM, Indian rupee was trading at 85.83 against the US dollar, as compared to 85.82 at open and 85.72 at previous close against the greenback.
BUSINESS
MC Explains| All you need to know about RBI's forex intervention tools to curb rupee fall
The Indian rupee has come under pressure in the last few weeks due to various domestic as well as international factors. These include India’s sluggish growth, outflows by foreign investors from Indian equities, and a strong dollar index.
BUSINESS
India Ratings revises down banks’ credit growth forecast for FY25
Banks' profitability is at an inflexion point and is likely to moderate in 2025-26, says India Ratings
BUSINESS
RBI intervention, a breather in dollar rally help rupee to recover in early trade
The local currency was trading at 85.70 against the US dollar after opening at 85.78. The rupee ended the previous day at 85.83 against the greenback
BUSINESS
Corporate bond issuance surges to 3-month high of Rs 1.05 lakh crore in December
Corporate bond issuances surged to all-time high in 2024 due to low interest rates amid higher demand from long-term investors and infrastructure bond issuances by banks. Corporates raised Rs 10.66 lakh crore in the year gone by
BUSINESS
High liquidity deficit forces RBI to infuse record funds in December via VRR auctions
The RBI has infused Rs 9.36 lakh crore through 14 VRR auctions, and additional liquidity worth Rs 1.16 lakh crore through a CRR cut.
BUSINESS
Moderation in rates and cooling inflation likely in 2025
The RBI kept the repo rate unchanged for the 11th consecutive time in its December policy after increasing it by 250 basis points from May 2022 to February 2023.
