The RBI’s expected first rate hike in three years could have a mixed impact on banks and NBFCs. While higher funding costs may pressure NBFC margins, lenders with floating-rate assets and strong liquidity could benefit. Brokerages favour HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and Tata Capital.
Fed plans bank-supervision overhaul to strengthen accountability, says Vice Chair Michelle Bowman
The Federal Reserve is set to realign its bank supervision system for increased accountability and efficient decision-making. Five new geographic supervisory regions will be established,