NRI deposit inflows at an 11-year high in FY25 as rates entice
NRI deposits in Indian banks surged to an 11-year high in FY25, reaching $16.2 billion, driven by attractive interest rates and rupee depreciation. Dollar deposits (FCNR(B)) saw significant inflows, with NRIs earning higher returns compared to their home countries. Rupee deposits (NRE(RA)) also increased, reflecting the benefits of currency fluctuations.
What’s causing profit decline in major broking firms?
Listed broking firms faced significant profit declines in the March quarter due to stricter regulations imposed by SEBI, including the scrapping of popular derivative products and reduced trading activity following a stock market downturn. These regulatory changes, such as uniform fee structures and true-to-label norms, impacted retail participation and increased transaction costs.
Indian markets decline amidst US bond market sell-off and rising yields
Indian equity indices declined, mirroring a Wall Street sell-off triggered by rising US Treasury yields. The NSE Nifty and BSE Sensex both fell by 0.8%. Asian markets also largely weakened, influenced by the surge in 30-year US Treasury yields to an 18-month high amid concerns about the US debt burden and credit rating downgrade.
IndusInd stock climbs despite setback, but road ahead looks rocky
IndusInd Bank shares recovered slightly despite reporting its first quarterly loss in two decades, yet analysts remain wary. Brokerages have cut earnings estimates, citing concerns about governance, asset quality, and the upcoming CEO transition. While some see potential value, a broader consensus anticipates a slow and uncertain turnaround for the bank.
Are RBI floating rate bonds the best option as FD rates plummet?
Investors are showing increased interest in the Reserve Bank of India’s floating rate savings bonds. These bonds offer annual yields up to 8.05% for a seven-year term. Fixed deposit rates are declining, making these bonds attractive. The bonds provide a 35-basis-point markup over the National Savings Certificate. While safe, they lack liquidity and cannot be […]