Banks to feel capital pain on ‘daylight deals’
Today, such exposures are not reported by banks, no risk weight is assigned to the credit, the facilities are not rated, and in a predominant number of cases no interest is charged by banks on these intra-day overdrafts.
G-Sec market to attract $100 billion in five years
India’s government bond market could see inflows worth $100 billion over the next three to five years as operational issues are streamlined, prompting large institutional investors such as sovereign wealth funds and central bank reserve managers to favor debt in the world’s fastest-growing major economy, HSBC Asset Management India said.
Liquidity deficit in banking system at highest-ever, tops Rs 3 lakh cr after eight years
A consequence of the tight liquidity was elevated funding costs for banks as the weighted average call rate – which represents banks’ overnight cost of borrowing – rose to 6.85% on Wednesday, much above the RBI’s repo rate of 6.50% and higher than the Marginal Standing Facility (MSF) rate of 6.75%.
Despite weak NIM, overall health makes Axis Bank a top pick
The average analyst price targets on Axis Bank after the third quarter results stood at ₹1,271.80, implying an upside of 20% from Wednesday’s closing, according to Bloomberg data.
Ajay Singh, Sky One and Busy Bee file firm bids for Go First
SpiceJet promoter Ajay Singh, Sky One, and Busy Bee have submitted the bank guarantee and expression of interest for bankrupt Go First Airlines. The lenders may extend the resolution process deadline by two months. Singh applied individually, while Busy Bee is a new applicant associated with Plan IT. Safrik Investments and NS Aviation did not […]
Adani stocks recover most of their Hindenburg losses
A year later, the conglomerate has largely recovered from the shocks in the aftermath of the report, while shares of most group companies have managed to cut a portion of their losses.