A hold above 22,222 can take Nifty towards 22,775: Analysts
Nifty is stuck in a broader trading range of 21,710- 22,775 for the last 10 weeks, but the major trend is bullish, and every small decline is being brought. In last two weeks it drifted to 21,777 but witnessed decent recovery towards 22,625 zones. It formed a small-bodied high-wave candle with long shadows on a […]
A HC ruling raises hopes of recovery for LVB bondholders
The tier-2 bonds have a loss absorbency feature, which means that if a bank fails, its tier-2 bondholders will absorb any losses ahead of its depositors. LVB had reported about ₹3,000 crore in accumulated losses, one-fourth of its loan book had turned sour, and tier-1 capital had turned negative.
I-Sec’s minority investors file suit challenging delisting process
Gupta has confirmed filing the suit under Section 245 of the Companies Act, stating that more than 100 investors have already consented to take legal action to halt the delisting process. He mentioned that more investors are joining each day to support the legal battle.
Deposit growth improves at private banks in Q4, but at higher costs
While these lenders were able to increase deposits at a faster clip during the quarter, the growth was accompanied by higher interest outgo, thereby contracting net interest margins (NIMs) year-on-year. The sample includes HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank and Yes Bank. Kotak Mahindra Bank is expected to declare quarterly numbers on May […]
Cash in circulation more than doubles since FY17 on consumption demand
The currency in circulation has more than doubled from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore in end March 2024. Significantly the currency in circulation has happened despite the central bank deciding to withdraw the Rs 2000 denomination banknotes from circulation from May 2023 which resulted in the central bank […]
Thinking of KBC, stumped by KYC? Some answers for MF investors
While the process of doing KYC once again looks simple, investors, distributors, and investment advisors have been complaining that even after submitting the required documents for KYC, there are delays in updating them at the KRAs’ end. Unless the KYC is approved, the AMC could reject your application for fresh investments.
Banks, finance companies show strong momentum in early Q4 results
March 2024 quarter results reveal robust revenue and profit growth, particularly driven by banking and finance companies. Varied performance noted across different sectors, with expectations exceeded in some areas. In the coming weeks, as more companies from diverse sectors declare results, the dominance of select sectors and companies will reduce and trend in aggregate numbers […]
Powell poised to keep Fed on higher-for-longer path
The last time the US central bank chair spoke, he signaled that policymakers were likely to keep borrowing costs high for longer than previously anticipated, pointing to the lack of further progress on bringing inflation down.