Increased funding costs could impact lenders’ profit margins
“The RBI in the February MPC meeting expectedly raised the repo rate by 25 basis points, while higher inflation print in January CPI poses risk of another hike if inflationary expectations do not ease,” said Anand Dama, analyst with brokerage Emkay Global. “With the threat of El Nino on the rise, food inflation could be […]
Short-term yields up, Re down after Powell rate signal
Those emergency measures (LTRO/TLTRO) taken during the Covid-19 pandemic were aimed at ensuring adequate liquidity in the financial system that faced major shocks due to business disruptions and strict mobility curbs imposed to prevent the spread of the virus
Risky penny stocks fly again as investors look for quick gains
Shri Gang Industries, with revenue of ₹113 crore and profit of ₹7 crore in the trailing 12 months, has gained 1,911% since April 1. The stock surged nearly 8,800% from ₹2.71 to ₹242.55 between April and September last year and has declined 74% since then.
Tax havens’ share in FPI assets hits record low
The drop in the share of tax haven countries was offset by the rising share of highly regulated nations such as the USA, UK, Norway and Japan. The share of USA domiciled funds rose to a record high of 42% in February compared with 38.8% a year ago and 35% five years ago.
Crypto exchanges, intermediaries need to perform KYC of clients
Entities involved in the exchange between VDAs and Fiat currencies or transfer of VDAs or safekeeping and administration of VDAs, and participation in financial services related to an issuer’s offer and sale of a VDA would be ‘reporting entity’ for the purpose of the PMLA.