BUSINESS
India’s inflation rate to come off from December onwards, says Deepak Parekh
India’s retail inflation rose to a 14-month high of 6.2 percent in October from 5.5 percent in the previous month, as food inflation galloped on the back of rising vegetable prices
BUSINESS
India needs to improve return on time invested (ROTI) to transform into future, says Uday Kotak
Kotak also said that if India has to become global power, we need to get stronger in defence
BUSINESS
Inflation expected to moderate despite periodic humps, says RBI governor Shaktikanta Das
Das said he "reserves" his comments on the monetary policy action in December when asked about Union minister Piyush Goyal's statement that the RBI should 'definitely cut interest rates'
BUSINESS
OBPP Association unhappy with securitised debt instruments proposals, to write to SEBI
Early this month, SEBI issued a consultation paper on review of issue and listing of debt instruments and security receipts
BUSINESS
Huge surplus liquidity drags weighted average call money rate below repo this month
Weighted average call money rate remained in range of 6.31-6.45 percent between November 1 and 12, whereas RBI’s repo rate stands at 6.50 percent
BUSINESS
Bank of India’s slippages rise on one telecom account in Q2FY25, says CEO Rajneesh Karnatak
On the special mention account (SMA)-2 accounts front, Karnatak said it has gone up in this quarter due to three to four big accounts missed the payments.
BUSINESS
Banks' SMA-2 loans rise in Q2FY25 even as overall asset quality improves
Even though few banks have seen an increase in SMA-2 loans, the asset quality of most banks have improved in the reporting quarter.
BUSINESS
LIC to complete stake buy in health insurance company by FY25-end, says Chairperson Siddhartha Mohanty
Further, on the surrender value norms, which got implemented from October 1, Mohanty said the company has redesigned its products and they are fully compliant with the regulations
BUSINESS
Indian rupee to depreciate further after Trump's win, say experts
In the last four days, the Indian rupee has been hitting record lows due to outflows from the equities, a strong dollar index, and other cues. Indian rupee today stood at 84.3600.
BUSINESS
Indian bond yield remains stable even after rate cut by US Fed
The US Federal Reserve on Thursday cut the key interest rates by another 25 basis points to 4.50-4.75 per cent.
BUSINESS
MC Interview | Canara Bank works to raise valuation of CanFin Homes after RBI draft norms on aligning businesses: CEO Satyanarayan Raju
Further, Raju during an interview said that the bank has not taken any exposure to the telecom sector in the last two to two and half year. While, the lender has taken some exposure in Jio recently.
BUSINESS
Higher subsidies may negatively impact Q2 GDP numbers, says RBI Governor
India's growth slowed to a five-quarter low of 6.7 percent in the June quarter from 7.8 percent in the January-March period
BUSINESS
Canara Bank may not reapply for credit card arm after RBI rejection, says CEO Satyanarayana Raju
Raju said that the approval for the initial public offering of Canara HSBC Life Insurance from government is expected in this month.
BUSINESS
RBI steps in to halt major movements in weakening Indian rupee against US dollar: currency experts
According to the Bloomberg data, Indian rupee traded in the range of 83.9987 to 84.1212 against the greenback between October 11 and November 5.
BUSINESS
Fall in yields on G-sec aids banks' treasury gains in Q2FY25
Yield on the government securities, especially 10-year benchmark fell by around 25 basis points in the second quarter of FY25. According to Bloomberg data, yield on 10-year benchmark bond stood at 7.011 percent on July 1, as against 6.750 percent on September 30.
BUSINESS
RBI’s latest penal charges norms hurt PSU banks' interest income by 9-11 bps
While most PSU banks guided for a dent in profitability owing to this reason, impact on private banks could not be ascertained as most private players did not share data on this front.
BUSINESS
PSU banks outshine private banks in Q2FY25 as profitability, asset quality improve
In the July-September quarter, private banks reported better net interest income and margins, as compared to their state-owned peers because of higher impact felt by the latter due to penal charges norms of the RBI, which were implemented earlier this year.
BUSINESS
MC Interview | Capital Small Finance Bank looks to maintain CASA at 37%: CEO Sarvjit Singh Samra
Bank’s cost of deposit was 5.8 percent in Q1, which is presently 5.9 percent, change of just 10 bps primarily because of the change in the composition of the deposit, Samra said
BUSINESS
Indian Bank's cost of deposits may rise 5-10 bps in coming quarters, says CEO SL Jain
Jain said the bank had an impact of 6 bps on the net interest margins due to penal interest norms of the Reserve Bank of India.
BUSINESS
Govt approval for Canara Robeco AMC’s IPO expected in a fortnight, says Canara Bank CEO
On July 25, Moneycontrol reported that initial public offering (IPO) of Canara Robeco Asset Management Company is expected to be launch in the fourth quarter of the current financial year.
BUSINESS
Narrowing India-US interest rate differential drives FPIs to pull out money from G-secs
Clearing Corporation of India data shows FPI investment in governments securities under FAR route reduced to Rs 2.44 lakh crore as on October 29 from Rs 2.50 lakh crore on October 1
BUSINESS
MC Interview | PNB to review RBI draft norms on business, prudential regulation for investments: CEO Atul Goel
Goel said the bank have Rs 435 crore of exposure to MTNL, which falls in to NPA this quarter and because of that slippages have gone up
BUSINESS
MC Interview | Resolution of large NCLT accounts boosts recoveries in Q2: BoB chief Debadatta Chand
Bank of Baroda is not looking to sell any foreign operations after the sale of Oman business, Chand said.
BUSINESS
Improved ratings, cheap NHB funds helped bring down borrowing cost, says PNB Housing Finance CEO Girish Kousgi
The NBFC company will be is able to maintain the margin at 3.6 to 3.65 percent over the next few quarters, says Kousgi
