Oil falls on open as Trump says fresh Iran attacks ‘unlikely’
Oil prices fell at Monday’s open after US President Donald Trump said he was highly unlikely to order fresh attacks on Iran as long as talks to end the conflict progress, even as both countries reported that shipping had been hit in or near the Strait of
NBFCs may raise loan rates, fees to offset insurance income cap
Non-bank lenders and housing finance companies are expected to raise lending rates in response to proposed regulatory changes. This adjustment aims to offset potential income losses from caps on insurance distribution. Companies such as Bajaj Housing Finance and Home First Finance are considering changing their product mix and increasing fees. The Insurance Regulatory and Development […]
FCNR(B) interest bill to keep dollar hedging costs high
As a multibillion-dollar FCNR(B) interest bill escalates, Indian banks grapple with increased dollar hedging expenses. Recently, the Reserve Bank of India mandated new reserve prerequisites for forex derivatives, compounding the challenges for banks that must secure cash reserves against these contracts. A significant number of Indian banks are currently without a robust hedging strategy, frequently […]
Sensex & Nifty fall in Muhurat trade for first time since 2017
Indian equities experienced a slight decline during the Diwali Muhurat trading session for the first time since 2017. The Sensex ended at 80,999.40, down 28.62 points, and the Nifty closed at 24,986.40, shedding 43.95 points. Despite the drop, market sentiment has recently shown signs of improvement, particularly with foreign investors becoming buyers again.
Agri loans emerge as biggest asset quality risk for Indian banks
Agricultural loans in India are currently facing significant asset-quality risks, with bad-loan ratios surpassing other sectors. The gross non-performing asset ratio for agricultural loans is at 5.1%, compared to 1.5% for industry and services. Factors such as a poor monsoon have contributed to this situation, although agricultural bad loans have declined since 2020-21. Various banks […]
Analysts see Nifty climbing to 25,600, recommend buying on dips
Nifty gained over 8.5% last week, crossing the 25,000 mark and demonstrating bullish momentum. Analysts foresee further upside towards 25,300-25,600 despite possible consolidation due to volatility. Key support for the Nifty is located at 24,000, promoting buying on potential dips. Top stocks recommended include Adani Ports, MCX, and SBI, showing strong bullish signals. Market breadth […]