Banks prefer to give loans now than buy bonds
Data from the Reserve Bank of India (RBI) showed that the investments to deposits ratio is now closer to 29% compared with a recent peak of 30% recorded in August indicating that banks have started shifting their deposits to higher yielding loans as credit demand picks up.
Australia panel proposes ratification of trade deal with India
The committee, which has been appointed by the Commonwealth Parliament and reviews Australian government’s treaty actions, said that “there is no single market with more growth opportunities for Australian businesses than India”. The ECTA will enter into force 30 days after both countries have confirmed with each other in writing that they have completed their […]
India’s overall foreign trade shows steady growth
India’s overall exports (merchandise and services combined) in April-October 2022 are estimated to be USD 444.74 billion, exhibiting a positive growth of 19.56 per cent over the same period last year. Overall imports in April-October 2022 are estimated to be USD 543.26 billion, exhibiting a positive growth of 33.80 per cent over the same period […]
NSE amends rules for deletion of merged entities from indices
Under the new rule, the target company will be deleted from the index a day before the ex-date in case of a merger
Zomato co-founder Mohit Gupta resigns
Gupta said the journey to build a world class tech business out of India, for India (and then maybe the world) is still on
Tech View: Nifty forms red candles on daily and weekly charts. What traders should do next week
“Nifty has to hold above 18,250 zones for an up move towards 18,444, then 18600 zones, whereas supports are placed at 18,188 and 18,000 zones,” said Chandan Taparia of Motilal Oswal. Analysts said the positive chart pattern, like higher tops and bottoms continued on the daily chart, and Nifty is currently in line with the […]
6 ways for new investors to ace the stock market game
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Indices snap 4-week gaining streak: Sensex ends 87 pts lower, Nifty just above 18,300 level
Among Sensex stocks, M&M, NTPC, Bajaj Finance, Maruti, IndusInd Bank and Bharti Airtel were the top losers in today’s trading, falling about 1-2.4%.
Metaverse: The real impact on banking and fintech industry
In a sense, the metaverse’s impact on the financial services sector embodies the next evolutionary stage in banking and fintech industry