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  • Citi to cut 50 London investment and corporate banking jobs June 10, 2023 02:46 PM IST

    Citi to cut 50 London investment and corporate banking jobs

    The cuts are necessary for the bank to reduce its cost base because of adverse market conditions, according to a person within the bank, who isn’t authorized to speak publicly. Financial News reported the layoffs earlier.

  • Battle of the Titans: Banks vs IT? Here's what Jefferies would pick June 09, 2023 03:56 PM IST

    Battle of the Titans: Banks vs IT? Here's what Jefferies would pick

    Data from the past 14 years reveals that the banking and IT sectors are often contradictory, moving in opposite directions 70 percent of the time.

  • What an amusement park can teach us about central banks June 09, 2023 12:40 PM IST

    What an amusement park can teach us about central banks

    Nobel laureate Robert Lucas used stories to explain how policymakers might engineer a recession — or cause shortages and inflation

  • RBI MPC Meeting: Central bank looks to expand reach of RuPay cards June 08, 2023 04:38 PM IST

    RBI MPC Meeting: Central bank looks to expand reach of RuPay cards

    Monetary Policy Meet; RBI governor Shaktikanta Das has also said that banks will be allowed to issue RuPay prepaid forex cards for use at ATMs and PoS machines

  • Rate Pauses: Central banks have not finished tightening June 08, 2023 10:27 AM IST

    Rate Pauses: Central banks have not finished tightening

    There's little point in taking a break from hikes if what follows is more hawkishness. Policymakers don't want to say anything that encourages investors to race ahead with bets on early reductions.

  • RBI report makes some sound recommendations on improving customer satisfaction June 08, 2023 09:51 AM IST

    RBI report makes some sound recommendations on improving customer satisfaction

    But the report also tends to get into micromanagement in some areas

  • Bank bond issuance may fall to Rs 90,000 crore in FY24, says ICRA June 07, 2023 03:38 PM IST

    Bank bond issuance may fall to Rs 90,000 crore in FY24, says ICRA

    Outstanding Tier-I bonds are expected to increase slightly to Rs 1.3 lakh crore by March 2024 from Rs 1.2 lakh in March 2023, ICRA said in a report

  • About 80% of Indians choose to deposit withdrawn Rs 2000 notes, boost bank deposits: Bankers June 07, 2023 11:51 AM IST

    About 80% of Indians choose to deposit withdrawn Rs 2000 notes, boost bank deposits: Bankers

    In May, the Reserve Bank of India (RBI) said it would withdraw these high-value notes from circulation and permitted their exchange or deposit until Sept. 30.

  • NSE Shifts Nifty bank futures & options expiry day to Friday; decoding the impact | NSE Vs BSE June 06, 2023 01:01 PM IST

    NSE Shifts Nifty bank futures & options expiry day to Friday; decoding the impact | NSE Vs BSE

    The NSE has changed the expiry for Bank Nifty Futures and Options (F&O) to Friday instead of Thursday. This will come into effect from 7th July. So now, there is the Nifty Financial expiry on Tuesday, Nifty Midcap Select on Wednesday, Nifty 50 on Thursday and Bank Nifty on Friday. The NSE’s latest move will be a blow to BSE’s recently launched weekly options contracts in the Sensex and Bankex contracts, which have a Friday expiry. Will NSE's move hurt BSE's F&O gameplan?

  • TN Hari On Viral HDFC Bank Video: Companies must pay greater attention to reference checks and causes of toxicity June 06, 2023 11:07 AM IST

    TN Hari On Viral HDFC Bank Video: Companies must pay greater attention to reference checks and causes of toxicity

    The viral video has blown up on the company’s face. Creating a good work culture is time consuming but a few wrong hires are all that’s needed to destroy it. High growth expectations lead to excessive prioritising of short-term outcomes, and leaders turn a blind eye to behaviours that create long-term damage

  • Banks and diversified financials look ‘attractive’: Kotak Equities June 05, 2023 03:49 PM IST

    Banks and diversified financials look ‘attractive’: Kotak Equities

    Axis Bank, SBI, ICICI Bank are the preferred choices of Kotak Equities in the tier-1 category. Though the firm favors tier-2 banks over tier-1 banks.

  • NBFCs make a comeback on robust loan demand as headwinds fade June 05, 2023 12:18 PM IST

    NBFCs make a comeback on robust loan demand as headwinds fade

    Loan growth was driven by auto NBFCs and affordable housing finance companies. NBFC stocks may be poised for a rebound.

  • Car breakdown or a flat on the expressway? Your credit card can rescue you June 02, 2023 04:54 PM IST

    Car breakdown or a flat on the expressway? Your credit card can rescue you

    When using roadside assistance, it's crucial to understand that this service is not meant to replace comprehensive auto insurance coverage. Roadside assistance typically covers immediate breakdowns and emergencies, but it does not provide coverage for accidents, repairs or general maintenance

  • Banking sector stocks most overrated in India, says Mark Mobius June 02, 2023 10:09 AM IST

    Banking sector stocks most overrated in India, says Mark Mobius

    The most incredible thing about Indian markets and what separates it from others is the number of companies that have a return on capital or return on assets of over 20 percent, says the investement guru

  • Green fixed deposit norms kick in from June 1. Here’s what you need to know June 01, 2023 09:44 PM IST

    Green fixed deposit norms kick in from June 1. Here’s what you need to know

    When you invest in a green deposit, the bank uses the money to lend to projects that support the United Nations Sustainable Development Goals, which include renewable energy, green transportation, waste management and so on.

  • Major central banks renew rate hike push in May June 01, 2023 12:50 PM IST

    Major central banks renew rate hike push in May

    All six of the central banks overseeing one of the 10 most heavily traded currencies and that met in May hiked rates. Central banks in Australia, New Zealand and Norway joined the European Central Bank, the Bank of England and the Federal Reserve in lifting benchmark rates last month by 25 basis points each, for a cumulative 150 bps.

  • MC Explains | Why the RBI is warning banks against evergreening loans May 31, 2023 04:41 PM IST

    MC Explains | Why the RBI is warning banks against evergreening loans

    Evergreening of loans happens when a bank tries to save a loan from defaulting so that it does not appear as a non-performing asset in its books. This is done by giving a fresh loan to a borrower to pay up an old loan.

  • How to burnish AT1 bonds that have lost their sheen May 31, 2023 10:28 AM IST

    How to burnish AT1 bonds that have lost their sheen

    The way to make AT1 bonds attractive again is to provide clarity as to their insurance-linked role that sets them apart from pure debt, revert to valuation as per the time period of call options, and vastly improve banking supervision via enhanced management of banking data

  • Interest Rates: They will return to lower levels again and again May 31, 2023 10:15 AM IST

    Interest Rates: They will return to lower levels again and again

    Eighteen months into the most aggressive tightening by central banks in a generation, a corrective narrative is emerging. The current period of relatively high borrowing costs may be the outlier, as the forces that characterised easy money in the pre-pandemic era haven't vanished

  • Wall Street banks re-enter junk debt market May 30, 2023 12:31 PM IST

    Wall Street banks re-enter junk debt market

    Lenders return to funding leveraged buyouts after painful year in which fees were hit hard

  • Rs 2,000 notes: Most banks insist on customers filling separate forms for note exchange May 29, 2023 07:33 PM IST

    Rs 2,000 notes: Most banks insist on customers filling separate forms for note exchange

    Banks want to track multiple exchanges of Rs 2,000 notes in case of future enquiries.

  • Robust growth in banks, NBFCs; engineering space sees strong order flow: Saurabh Mukherjea May 29, 2023 10:41 AM IST

    Robust growth in banks, NBFCs; engineering space sees strong order flow: Saurabh Mukherjea

    Marcellus Investment Managers has doubled its position in Divis Labs, which now constitutes approximately 7-8 percent of its portfolio.

  • Cost factors will make it hard for the RBI to turn its pause into a pivot May 29, 2023 09:55 AM IST

    Cost factors will make it hard for the RBI to turn its pause into a pivot

    For a long spell of 18 months that ended last year, WPI inflation was in double digits but that did not show up as a surge in consumer prices. It is possible that producers absorbed the rise in costs by taking a hit in their margins. And now that WPI inflation is nose-diving, we may not see the expected pass-through to consumer prices as producers may be taking it as an opportunity to recoup the lost profits of the previous years

  • Cautious optimism in global markets, FPI inflows highest in six months & more | Market Minutes May 29, 2023 08:38 AM IST

    Cautious optimism in global markets, FPI inflows highest in six months & more | Market Minutes

    In this episode of Market Minutes, Asha Menon on global markets turning cautiously optimistic as US lawmakers look closer to raising the debt ceiling; and on why FPIs flows have been the highest in six months. Also, in Voice of Day, Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies, shares his view on banks and other key investment themes. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends (with inputs from Shivam Shukla)

  • Banking is slowly getting narrower — and better May 26, 2023 06:01 PM IST

    Banking is slowly getting narrower — and better

    The US economy is now closer than it ever has been to realising one of the more radical visions in the finance industry