RBI plans to remain nimble to prevent persistent supply shock amid West Asia crisis
Reserve Bank of India Governor Sanjay Malhotra addressed global challenges at Princeton University, stressing upon agile monetary policy to counter supply shocks from West Asia. The focus is on preventing inflation from becoming persistent. Prudent fiscal management and domestic production also play key roles, he said.
RBI allows NDF contracts to clients, rebooking of related party trades
The Reserve Bank of India has made a pivotal move by retracting its earlier April 1 directive, which had restricted banks from offering non-deliverable forward contracts and barred the rebooking of cancelled foreign exchange derivative contracts. This reversal allows banks to enjoy increased operational flexibility, fostering a more fluid trading environment.
NSE IPO can unlock Rs 12,000 crore for PSU insurers, boost solvency
The impending listing of the National Stock Exchange is poised to significantly bolster the financial health of three state-run general insurers. Their combined stake in the exchange, valued at approximately ₹11,500-12,000 crore, could improve their solvency ratios by nearly one percentage point, offering a substantial boost to their balance sheets.
After direct push, Jio BlackRock taps distributors to drive growth
Jio BlackRock Asset Management is shifting its sales strategy, embracing distributors less than a year after its launch. Initially bypassing intermediaries, the joint venture will now offer specialized investment funds through distributors, with plans to extend this to mutual fund schemes. This move aims to cater to a segment of the market requiring additional guidance […]
PNB Housing Finance Q4 profit surges 19% to Rs 656 crore with strong retail growth
PNB Housing Finance reported a 19% rise in Q4 net profit to Rs 656 crore. FY26 profit grew 18% to Rs 2,291 crore. The company proposed Rs 8 per share dividend while its assets under management expanded 13% to Rs 90,921 crore with strong retail loan growth.
Insurance firms boost stakes in 10 mid-cap stocks in Q4FY26
Insurance companies increased their stakes in 10 mid-cap stocks in Q4FY26, signalling rising confidence and a strategic shift toward higher equity exposure.
BSE launches Housing Finance Index to track sectoral opportunities, enable passive investing
BSE Index Services introduced the Housing Finance Index to measure housing finance companies’ performance. Drawn from BSE 1000, it supports ETFs, mutual funds, PMS strategies, and sector-specific tracking. LIC Housing Finance holds the highest weight, while Aadhar and others contribute smaller shares.
India Inc borrowed $4.6 billion from overseas markets in February
Indian corporates raised $4.60 billion in ECB in February, 14% lower than January. Over 100 firms borrowed $4.20 billion via the automatic route, while Piramal Finance took $400 million via approval. ABC Cleantech led with $595 million.
RBI draft for upper layer non-banks affects CICs disproportionately, raises compliances costs
New Reserve Bank draft on upper layer non-bank finance companies disproportionately impacts core investment companies by increasing compliance costs. Mandatory listing requirements could prove onerous for many CICs, particularly those not seeking public market access. The AUM-based approach may present challenges for these entities, especially regarding listing and governance.
Why is stock market rising today? Sensex jumps 400 points, Nifty above 24,450. 5 key factors explained
Indian markets reversed early losses to trade higher, supported by a stronger rupee, continued FII buying and oil prices staying below $100 per barrel. Benchmark indices Sensex and Nifty gained around 0.5%, while broader markets also moved into positive territory led by PSU banks and midcap stocks.