RBI Innovation Hub pilots digital unsecured loans for gig workers
The Reserve Bank of India Innovation Hub has partnered with Vivifi Finance for a pilot project to provide unsecured loans to gig workers, including cab and food delivery drivers. The project uses alternate data for loan underwriting and aims to integrate these workers into formal banking channels. Future plans include linking the system with the […]
Private banks outrun public sector peers in priority lending benchmarks
Private sector banks met their priority sector lending targets for the first time in 2023-24. This includes targets in areas like agriculture. They outperformed public sector banks. Permitting investments in priority sector lending certificates helped meet these goals. Private sector banks are leading in selling these certificates, accounting for 49% of total sales in FY24.
Nifty seen trading in range, support at 23,263: Analysts
Nifty is struggling to maintain position above the crucial long-term 200-day exponential moving average (EMA), with selling pressure from heavyweight stocks limiting any significant rebound.
Record year for momentum trade is ending with widening cracks
A fickle Fed and inflation’s refusal to go quietly has been a recipe for cross-asset malaise. The biggest exchange-traded fund tracking long-dated Treasuries swung violently in 2024 before finishing deeply in the red.
Rupee plunges over 3% in 2024, volatility likely to remain high
The expected volatility is due to uncertainties from the incoming Donald Trump administration, along with the union budget and measures taken by the monetary policy committee (MPC) of the Reserve Bank of India in February.
China’s record dividends build pressure on the Yuan
The dividend bonanza is adding pressure on the Chinese yuan already weighed by a resurgent dollar and the prospect of growing US-China tensions. The firms mostly pay dividends in Hong Kong dollars but earn the majority of their revenues in the yuan, which requires conversion.