Dalal Street shines bright among peers as new stars take the lead
Shares of public sector companies—mainly banks—were the stars on Dalal Street after a hiatus, while IT stocks—last year’s outperformers—were laggards.
Indices tumble on last day, but Dalal Street stands tall in 2022
Globally, the Russia-Ukraine war, the deepening global downturn and China’s struggles with Covid-19 were the big drags in 2022, besides the US Federal Reserve’s policy tightening that led to draining of funds from emerging markets. But resilient domestic investors, who cushioned the shocks of record-high selling by overseas funds, helped the BSE Sensex and NSE […]
RBI may consider ARCs’ plea to do away with background checks
“The RBI has called for extensive data from ARCs on sale of retail loans; we believe a reprieve is on the way,” said the CEO of a large ARC. “Our request to the regulator is that the entire sale of retail bad loans be taken out of this background-check requirement. Another request we have made […]
Wall Street ends 2022 with biggest annual drop since 2008
Wall Street’s three main indexes booked their first yearly drop since 2018 as an era of loose monetary policy ended with the Federal Reserve’s fastest pace of rate hikes since the 1980s.
Bank credit jumps 18% in November as retail, corporate loans pick up
Credit to industry continued to register a strong pick-up, with total loans accelerating to 13.1%, while personal loans expanded at 19.7% in November, largely driven by housing and vehicle loans.