WACR tops repo rate for first time in nearly 2 months
Liquidity in the banking sector has contracted to below ₹5 lakh crore, causing the weighted average call rate to rise to 5.31%. The Reserve Bank of India is undertaking actions to absorb surplus liquidity. With government expenditures and bond sales looming, analysts predict a return to normalcy in liquidity levels, hovering near ₹5 lakh crore […]
Sebi to address expiry-day derivatives settlement concerns
The Securities and Exchange Board of India is seeking to alleviate concerns related to derivative settlement prices. Among the proposed options are a blended VWAP model and a return to the previous VWAP method. Sebi is open to public feedback on these alternatives, which are intended to enhance market structure. Currently, market participants have shown […]
RBI warns banks against a loan price war
In situations where banks are inundated with liquidity, the natural tendency among many lenders is to push loans and go down the credit matrix. The fear is that such aggressive lending to generate returns that cover the interest outgo on deposits and other costs may show up as sticky assets a few years down the […]
Credit card issuers push EMI loans to counter revolver model misfire
With a smaller share of customers carrying balances month to month, interest-bearing receivables are growing more slowly than transaction volumes, pushing issuers to convert purchases into EMIs, deepen personal loan-on-card offerings and extract more fee income from a business that is increasingly being used as a payment product rather than a borrowing product.
Rupee strengthens to 95.59 amid drop in oil prices & RBI dollar sales
On Tuesday, the Indian rupee appreciated to 95.59, benefiting from a decrease in oil prices. The central bank’s dollar sales helped mitigate pressure on the currency. The rupee fluctuated between 95.58 and 95.86 during the trading session. Corporate demand for dollars created a conflict in the market, affecting the rupee’s stability. Ultimately, the central bank’s […]
September sees biggest IPO rush in nearly 30 years as 30 mainboard issues raise Rs 38,785 crore
This month has also seen a sharp increase in fundraising, with mainboard IPOs raising around ₹38,785 crore, the biggest monthly fundraise since October last year, when 10 issues raised ₹45,188 crore.
Adani Group settles legal issues with Sebi, pays Rs 1.5 cr over corporate governance violations
The Adani Group has settled with Sebi, with companies like Adani Enterprises and Adani Green Energy collectively paying ₹1.5 crore over allegations concerning related party transaction disclosures and corporate governance practices. Notably, Adani Enterprises contributed ₹76.05 lakh to the settlement, responding to criticisms raised in the Hindenburg Report about the company’s compliance with audit standards […]