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June 10, 2023 02:46 PM IST 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.
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June 09, 2023 03:56 PM IST 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.
- June 09, 2023 12:40 PM IST
Nobel laureate Robert Lucas used stories to explain how policymakers might engineer a recession — or cause shortages and inflation
- June 08, 2023 04:38 PM IST
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
- June 08, 2023 10:27 AM IST
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.
- June 08, 2023 09:51 AM IST
But the report also tends to get into micromanagement in some areas
- June 07, 2023 03:38 PM IST
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
- June 07, 2023 11:51 AM IST
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.
- June 06, 2023 01:01 PM IST
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?
- June 06, 2023 11:07 AM IST
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
- June 05, 2023 03:49 PM IST
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.
- June 05, 2023 12:18 PM IST
Loan growth was driven by auto NBFCs and affordable housing finance companies. NBFC stocks may be poised for a rebound.
- June 02, 2023 04:54 PM IST
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
- June 02, 2023 10:09 AM IST
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
- June 01, 2023 09:44 PM IST
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.
- June 01, 2023 12:50 PM IST
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.
- May 31, 2023 04:41 PM IST
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.
- May 31, 2023 10:28 AM IST
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
- May 31, 2023 10:15 AM IST
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
- May 30, 2023 12:31 PM IST
Lenders return to funding leveraged buyouts after painful year in which fees were hit hard
- May 29, 2023 07:33 PM IST
Banks want to track multiple exchanges of Rs 2,000 notes in case of future enquiries.
- May 29, 2023 10:41 AM IST
Marcellus Investment Managers has doubled its position in Divis Labs, which now constitutes approximately 7-8 percent of its portfolio.
- May 29, 2023 09:55 AM IST
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
- May 29, 2023 08:38 AM IST
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)
- May 26, 2023 06:01 PM IST
The US economy is now closer than it ever has been to realising one of the more radical visions in the finance industry
