Asset quality, retail play key to City Union Bank’s growth
The Kumbakonam-based bank offers loans to the MSME (micro, small and medium enterprises), retail, wholesale and agriculture segments. The bank’s advances grew by 15% to ₹50,409 crore while deposits rose by 11% to ₹58,271 crore year-on-year at the end of December 2024.
Impossible trinity problem causes a cash crunch in Asia
China’s overnight and seven-day repo rates surged in February, while bond investors took losses from a sharp rise in yields. Banking liquidity in India suffered its highest deficit in at least 14 years earlier this year and overnight borrowing costs jumped. Liquidity also dried up in Indonesia and Malaysia following central bank currency interventions.
Asian equities poised for weak open, futures drop
Benchmarks in Japan and South Korea declined, dragging a gauge of Asian equities lower. Futures contracts for the S&P 500 declined as much as 1.1% in early trading while those for the tech-heavy Nasdaq 100 sank even more. Treasury yields slipped across maturities.
Margin trading fund shrinks as investors turn cautious
The combined margin trading fund (MTF) book on the NSE and BSE has shrunk by ₹15,000 crore since January 1 and ₹5,000 crore in the past week. MTF is a system allowing investors to borrow to buy shares they cannot afford and it stood at ₹71,500 crore on Friday.
Dollar index touches a 4-month low, rupee gains
The dollar index is used to measure the US currency’s strength against a basket of six currencies: the euro, Swiss franc, Japanese yen, Canadian dollar, British pound and Swedish krona.
Rich Chinese investors seen buying into Elon Musk’s companies
The investments are being placed through special-purpose vehicles to avoid the ire of US authorities and companies wary of Chinese capital during a low-point in relations between the two countries, the report said, citing asset managers and investors involved in the transactions.
Bond traders signal risk of recession as Trump tariffs threaten US growth
Speculation that Trump would pour stimulus onto the nation’s expansion – and keep upward pressure on Treasury yields – is being rapidly swept aside less than two months into his presidency. Instead, traders have been piling into short-dated Treasuries, pulling the two-year yield down sharply since mid-February, on expectations the Federal Reserve will resume cutting […]
Nifty upside seen at 23,000 levels: Analysts
The Nifty index has formed a small bullish candlestick on the daily chart, while a strong bullish candle with a long lower shadow on the weekly chart signals support-driven buying and the potential for a short-term recovery.