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Stock Analysis, IPO, Mutual Funds, Bonds & More

YES Bank’s Gill confident of raising more than $500m, says plan B & C in place

“The $500 million figure is being looked at favourably,” said Ravneet Gill.

SBI coming to the aid of YES Bank? No way, says CFO Kumar

YES Bank is seeking to raise $2 bn by issuing fresh equity and weighing a number of offers.

Reserve Bank of India February rate cut on a knife's edge: Poll

But the central bank acknowledged there was room for further cuts.

I do not see any green shoots, continue to avoid midcaps: Nischal Maheshwari, Centrum Broking

Whatever maybe the outcome of YES Bank fundraise, it will create a flutter in the market.

Inadequate demand has been a key issue impacting growth

Inflation would seem to be at nirvana levels of policy-achievement.

Bank auditors have to be more vigilant

Under the new framework, statutory auditors, in verifying whether an NPA has been correctly identified by the bank, should not confine to the objective tests laid down but “display a greater degree of scepticism and independence” in scrutinising banks’ exposure to big borrowers.

Inflation targeting: Surge in prices of onion & sugar has brought back bad memories

A surge in prices of onion and sugar has brought back the bad memories of farm economy roiling the rest.

Market Movers: What changed for D-Street while you were sleeping

Wall Street's main stock indexes ended slightly lower on Tuesday, though not far from record highs.

Nirmala Sitharaman, Ravi Shankar Prasad to speak at Times Network’s India Economic Conclave

Over the years, India Economic Conclave has been instrumental in addressing critical issues related to the country’s economy. As a platform, it has brought together the sharpest minds in business, governance and policymaking and has become the hallmark of economic thought leadership.

Next rate cut depends on how teary-eyed onion leaves RBI

RBI was widely expected to cut interest rates at last week's policy, which would have made it into a sixth consecutive cut in as many policy reviews in 2019 to boost the sagging growth, that has dipped to a six-year low. "We advise investors to track onion prices to time the next rate cut by RBI," Bank of America Securities said.

Transport Ministry has sought RBI nod for 30 year financing of infra projects: Nitin Gadkari

The Reserve Bank Governor gave a clear direction that we don't have any problem if banks are ready to finance for 30 years for infrastructure projects. Earlier, the banks used to finance only for 20 years," Gadkari said at the inaugural session of the 10th edition of Excon-2019, a five-day International Construction Equipment and Construction Technology Trade Fair here.

RBI had no objection to issuance of electoral bonds through SBI: FM

Nirmala Sitharaman on Tuesday said in Rajya Sabha that the RBI had no objection to issuance of electoral bonds through SBI. Replying to a supplementary during the Question Hour on electoral bonds through the SBI, the Finance Minister said RBI being a stakeholder was involved in extensive consultations with the government at the stage of conceptualisation.

SBI under-reported bad loans by RS 11,932 crore in FY19, finds RBI report

New Delhi: The country's largest lender State Bank of India on Tuesday reported about Rs 12,000 crore divergence in their bad loans for the last fiscal.As per the assessment done by the RBI, the gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore as against Rs 1,72,750 crore reported by the bank for 2018-19, SBI said in a regulatory filing.SBI under-reported bad loans by RS 11,932 crore in FY19, finds RBI report

RBI urges government to cut rates on small savings schemes

The RBI has urged the government to move forward on reducing interest rates on small savings schemes such as public provident fund (PPF) and post office deposits, to help banks pare rates on deposits and loans and lead to a better transmission of the central bank’s rate cuts.

View: Making Bengaluru Asia’s innovation capital

Karnataka’s new entity will help innovators navigate national and local laws. Innovation, by its very nature, brings in disruption to the wider ecosystem which include the laws that govern such an ecosystem.

RBI finds SBI under-reported bad loans by Rs 11,932 crore in FY19

The gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore against Rs 1,72,750 crore.

RBI may be done with rate cuts, swap markets show

“Market participants are now focusing on inflationary pressures and fiscal slippage.”

View: Why is rupee Asia's worst emerging market currency?

Easy monetary policy from the ECB and the US Federal Reserve has flushed market with liquidity.

Chanda Kochhar termination: HC seeks reply from RBI

Kochhar had on November 30 moved the Bombay HC challenging "termination" of her employment by ICICI Bank which also denied her remuneration and clawed back all the bonuses and stock options between April 2009 and March 2018 for her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group which benefitted her husband Deepak Kochhar.

YES 'looking at' Citax’s $500 mn offer leaves fundraising in doubt

YES Bank came under heavy selling pressure on Tuesday due to uncertainty over fundraising.

It’s time to revisit income tax rates: Bibek Debroy, Chairman PMEAC

This year we are around 5% and next year 6-6.5%, the PMEAC chairman said about the country's GDP growth.

Highways ministry urges RBI to exempt FASTags from KYC norm

Currently, vehicle owners need to give details of the vehicle, including its registration proof, and also relevant documents for individual identity and address to acquire FASTags.

Marginal hike in FPI caps not helping bond markets: Credit Suisse's Neelkanth Mishra

"The token increase in FPI limits is not working because we are not part of any global bond index," said Mishra, who is also the co-head for APAC strategy and chief India strategist for Swiss investment bank Credit Suisse. He said there should be greater differentiation in cost of borrowing of different states based on their fiscal position.

52,720 Integrated GST refund claims pending for more than one year: Thakur

A number of companies applied for Goods & Services Tax (GST) refund since the introduction of the tax regime, he said, adding a total of 1,86,158 entities have filed 36,42,272 refund applications, out of which 34,46,010 refund applications have been finalised as on December 2.

Union Bank of India cuts MCLR by up to 10 bps across tenors

After the cut, Union Bank of India's one year MCLR now stands at 8.2 percent, down from 8.25 percent. According to a press release issued by the bank, the new rates will be effective from 11 December, 2019.

Centralisation of power in PMO not good for economy: Shiv Sena

The central government wants the finance minister and RBI governor under its control, an editorial in Sena mouthpiece 'Saamana' claimed, adding that the present BJP-led dispensation is not ready to listen to economists as it considers the economy as a "share market gamble".

Now, BoB lowers MCLR lending rates by 20 bps

The rate reduction comes even as the RBI left key policy rates unchanged at the last meeting on December 5. The city-based lender has reduced its one-year MCLR rates, which all retail loans are linked to, only marginally by 5 bps to 8.25 percent.

A wealth-creation idea whose time has come: credit risk fund

This is a type of debt MF that invests in debt instruments that are rated low on credit.

YES Bank postpones decision on Braich's $1.2 billion offer, considering Citax’s $500 million bid

Last week, ratings agency Moody's Investors Service had downgraded YES Bank.

What to do when what’s cheap is not safe, and what’s safe is not cheap

The credit and deposit growth in the banking system is down to single digits.

Centre's exemption powers in draft data protection bill stir up industry worries

The outcry from industry watchers, analysts and civil society comes amid the draft bill suggesting that the Centre will be empowered to exempt any government agency from the application of the Act and verify social media users. The bill, which was cleared by the Cabinet last week, is likely to be introduced in the Lok Sabha in the next couple of days.

No need to worry: Minister on reports of government withdrawing Rs 2000 note

The government had in November 2016 demonetised Rs 1,000 and Rs 500 denominations notes.

RBI writes to Fin Min seeking changes in Banking Regulation Act

The Reserve Bank of India (RBI) has written to Finance ministry seeking changes in the Banking Regulation Act. Changes like authority to control the Urban Cooperative Banks along with certain administrative power as well.RBI writes to Fin Min seeking changes in Banking Regulation Act

Public sector banks turn profitable in April-September FY20

PSBs had posted huge losses in 2017-18 and 2018-19 financial years due to heavy provisioning for non-performing assets and other contingencies, according to the minister. State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively.

RBI to retain dovish bias going forward

Das said the pause was temporary and the central bank wanted to assess the effect of its policy after reduction of 135 basis points in five policies this year.

HDFC Bank cuts MCLR by up to 15 bps

Private sector lender, HDFC Bank, cut its marginal-cost based lending rate (MCLR) for all tenors by 15 basis points (bps). According to the bank’s website, it has cut the 6-month MCLR by 10 bps to 8 percent, 1-year rate by 15 bps to 8.15 percent

RBI satisfied with pace of monetary transmission

He further said transmission, which was bothering the central bank for a long time, is expected to improve with the introduction of linking loan pricing to external benchmark system, which banks have adopted now.

Personal finance takeaways from RBI monetary policy review

RBI maintained status quo on key rates, surprising many. ET Online’s Shambhavi Mehrotra gives to lowdown on what this means for borrowers and FD investors, and she also tells you about some of the personal finance related measures announced in the monetary policy review.Personal finance takeaways from RBI monetary policy review

RBI fixes rate on floating bond 2031 for next 6 months

FRB 2031 was originally issued on May 07, 2018 with expiration date set at Dec 07, 2031.

ET Explains: Inside RBI's plan to avert PMC Bank-like embarrassments

New policy measures were announced on Thursday to strengthen the regulatory framework at the UCBs.

Government borrowing may rise after RBI paused

The Overnight Interest Rate Swap (OIS) with one-year maturity, a derivative gauge where investors exchange fixed rates for floating, surged 24 basis points to 5.26%, suggesting that traders do not expect any rate reduction for now. The repo rate, or the rate at which banks access funds from the lender of last resort, remained at 5.15%.

India’s potential growth remains unaltered despite slowdown: CEA

“We aim to create a favourable environment for investment,” CEA said.

RBI Guv maintains anti-cryptocurrency stance

RBI has held several internal discussions and consulted with other central banks on possibility of launching India’s own digital currency.

RBI investigating 'net banking' breakdown at HDFC Bank

Following the outage, several HDFC customers were unable to access their salary accounts to make bill payments.

A prolonged rout looms for India bonds as RBI pulls support

​It’s starting to look like India’s sovereign bond market is on the brink of a prolonged rout.

Pause in rate cut by RBI disappoints EEPC

Sehgal said it is a matter of regret that the banks have not even passed on the earlier cuts.

Credit crisis is not over yet, choose debt mutual funds carefully

In the fifth bi-monthly monetary policy review meeting, the RBI had kept the repo rate unchanged, resulting in the yields spiking by 10-20 bps.

RBI Monetary Policy December 2019: Key takeaways

While announcing the observations and decisions of the Monetary Policy Committee's meet for December 2019, Governor Shaktikanta Das announced the unanimous decision to abstain from any more rate cuts till February. There have been many insightful observations on global financial situation and Indian economy. Watch!RBI Monetary Policy December 2019: Key takeaways

View: RBI should be cutting rates, not holding

Not a single economist among the 43 surveyed by Bloomberg News predicted no rate cuts happening.

Analysts see RBI pausing rates for long as inflation worries return

While the RBI has asserted that the stance of the monetary policy will stay accommodative, market analysts believe that rate cuts won't happen frequently.

RBI says banks lending to NBFCs now

Das said the top-50 NBFCs are being regularly monitored by the RBI as it has a fairly good idea on which of the NBFCs are "vulnerable" and made it clear that "RBI will not allow any large NBFC to collapse."

RBI to introduce new security measures for ATMs

RBI said that since many banks and other regulated entities are other regulated entities are dependent upon third-party application service providers for shared services for ATM switch applications, they are exposed exposed to the associated cyber threats.

Surprise: RBI holds repo, cuts FY20 GDP forecast

Some corporate voices backed RBI’s move but with caveats.

Key highlights of RBI's monetary policy outcome

RBI revised GDP growth downwards to 5% for 2019-20 from 6.1% projected in its October policy.

Go for quality in consumption stocks: Andrew Holland, Avendus Capital

Auto sector corrected in the past year and that is why we see value and prices rebounding.

The next booster shot to revive economy may not be far away

Going by what the indicators are showing so far, third quarter doesn't hold any hopes of revival.

Financial, consumer and pharma stocks to drive market over next 2 years: Mahesh Patil

The midcap index has started to relatively outperform a bit but it is still early days.

Rupee rebounds 24 paise as RBI maintains accommodative stance

The rupee's rise was also supported by weaker dollar against key global currencies.

RBI expects forensic audit report on PMC Bank by month-end

The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities, including huge under-reporting of loans and non-performing assets to real estate developer HDIL to the tune of Rs 6,500 crore using hundreds of dummy accounts.

Breaching the fiscal deficit target won’t hurt if spent well: Kaushik Shaparia, Deutsche Bank India

People want structural things to be addressed before they invest. The NBFC crisis is not redressed yet.

SBI reduces one-year MCLR by 10 bps

According the bank’s press release, this is its eighth consecutive MCLR cut this financial year.

5 reasons why RBI didn't go for rate cut

The Reserve Bank of India on Thursday maintained the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. This halt came after five consecutive cuts. Ankit Saproo from ET Online explains the five reasons why RBI didn't go for a sixth consecutive rate cut.5 reasons why RBI didn't go for rate cut

CIC issues show-cause notice to RBI for casual approach to its notice

In the show-cause notice, Chandra directed the CPIO why penal action under Section 20(1) of the RTI Act should not be initiated against him. This is not the first time that the RBI had to face the ire of CIC as former Information Commissioner Sridhar Acharyulu had summoned then RBI Governor Urjit Patel for not following Supreme Court orders on RTI implementation.

RBI may wait for Budget announcements before taking rate cut decision

“The forthcoming union budget will also provide better insight into further measures to be undertaken by the government and its impact on growth. Against this backdrop, the MPC judged that there is monetary policy space for further action, but it felt it appropriate to take a pause at this juncture.”

RBI's customer protection rules will benefit depositors

The complainants used two ATMs in this locality and were duped include customers of HDFC Bank and United Bank of India.

Here's what debt fund managers say about the RBI rate pause

The RBI on Thursday surprised the money market by keeping the repo rate unchanged. The market participants were expecting a 15-25 basis points cut in the key policy rates.

RBI decision to keep rates unchanged shocking: Ashima Goyal

Also disappointed there is no signal on OMOs. RBI seems to be waiting for Budget .

RBI keeps repo rate unchanged, real estate sector disappointed

In five successive reductions so far in 2019, the Reserve Bank of India has cut interest rates by a cumulative 135 basis points since February in an attempt to bolster growth and also liquidity in the financial system. With no reduction today, the cumulative decrease in repo rate stands at which banks borrow from it—remains unchanged at 5.15%.

Why RBI stayed put on policy rates? Shaktikanta Das explains

Core inflation expected to remain in the current zone below 4 per cent, said Governor Das.

Bonds drop most in two months on RBI's surprise rate pause

The central bank so far delivered 135 basis points of easing in five moves this year.

RBI policy surprise: Should you change your mutual fund strategy?

RBI today surprised everyone by keeping the policy rates unchanged, contrary to expectations of 15-25 bps cut.

RBI throws ball back in govt’s court to boost growth: Analysts

The central bank acknowledged that it was concerned about inflation in the near-term.

RBI revises inflation projection upwards in view of rising food prices

Following the slide in economic growth to 4.5 per cent the last quarter — the worst numbers in more than six and half years — the RBI was expected to further cut policy rates, but ended up holding the repo rate at 5.15 per cent.

GDP shocker: RBI cuts FY20 growth forecast to 5%

CPI inflation projection wad revised upwards to 5.1-4.7 per cent for the second half of FY20.

RBI keeps policy rates on hold despite economy fears

Many economists had predicted that the central bank would cut the repo rate by 25 bps.

RBI keeps repo rate unchanged at 5.15%, stance remains accommodative

The central bank slashed FY20 real GDP growth projection to 5% from 6.1%.

Stock market update: Realty stocks rise ahead of RBI's policy outcome

The Nifty Realty index was trading 0.47 per cent up at 286.70.

Time for RBI to take unconventional measures, says bond manager

The central bank should look to pull down long-term yields, says Suyash Choudhary.

Share market update: Auto stocks up ahead of RBI's policy outcome

The Nifty Auto index was trading 0.28 per cent up at 8019.2 .

Policy muddle ruins year 2019 for crypto, blockchain industry

While the government and RBI had shown concern against the proliferation of private digital currencies, their interest on the subject has been lukewarm, said Sathvik Vishwanathan, the CEO of cryptocurrency exchange Unocoin.

We should be extra cautious on liquidity in December: Hemang Jani, Sharekhan

We are going to see a bit of a liquidity squeeze because there has been a decent amount of selling by FIIs and a lot of block deals are sucking the liquidity out from the system. Every second day, an OFS or a block deal or even a QIP is sucking out the liquidity coupled with some of the IPOs.

RBI monitoring NBFCs to prevent systemic shocks; better companies getting pre-IL&FS rates

Central bank’s watching the top 50 NBFCs much more closely and is making deep dive into their books, their balance sheets and other numbers wherever necessary, says Governor Shaktikanta Das. He said that RBI has a fairly good idea of where the vulnerabilities lie. It is holding periodic discussions with the management and promoters of NBFCs.

Rupee ends flat ahead of RBI policy outcome

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.07 per cent to 97.79.

DHFL: RBI retains its 3-member advisory panel

On November 22, the central bank had constituted a three-member advisory committee.

RBI MPC starts deliberations on monetary policy

The GDP growth slowed sharply to more than six-year low of 4.5 per cent in the July-September, hit by a slump in manufacturing output, which contracted by 1.0 per cent. The pace of GDP growth moderated from 5 per cent in April-June and 7 per cent in the July-September quarter of 2018. The MPC resolution will be placed on the RBI's website at 11.45 AM on Dec 5.

How Sensex, gold, 10-year G-sec performed during week ending December 5, 2019

Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and 10-year bond yields have performed. This will give investors an idea of how their investments performed over a long period.

RBI caught between the devil & the deep sea: Can it still gratify markets?

Foreign investors simply cannot ignore the high real rates that Indian bonds have to offer.

A year in the RBI hotseat: Shaktikanta Das and the art of negotiation

When he succeed Urjit Patel as RBI Governor on Dec 11, critics said he could be remote-controlled by the govt.

Lenders meet RBI, mull 4-month programme to resolve DHFL Case

Banks have proposed a four-month programme to resolve the Dewan Housing Finance (DHFL) case, the biggest bankruptcy case in the financial services sector after the Insolvency and Bankruptcy Code.

View: Rupee may trade in 71.00-71.80 range

Market participants are closely tracking FII flows, as it has curtailed weakness in the rupee.

RBI to see full pass through of previous rate cuts before taking any action

The Reserve Bank of India justified its decision to pause its policy rate action by maintaining the repo rate at 5.15 per cent. This was not in line with the market consensus which expected a 25 bps (one bps is 0.01 per cent) reduction of the benchmark policy repo rate by the central bank. Spike in inflation was one of the main reasons for not doing so.

RBI disappointment sends Sensex 71 points lower; Nifty barely holds 12,000

The BSE S&P Sensex closed 71 points lower at 40,780 while the Nifty 50 was down by 25 points at 12,018. Sectoral indices at the National Stock Exchange were mixed with Nifty metal slipping by 2.3 per cent, PSU bank 1.8 per cent, pharma by 0.8 per cent and auto by 0.6 per cent.RBI disappointment sends Sensex 71 points lower; Nifty barely holds 12,000

RBI status quo spooks Sensex, but hopes of more govt reforms limit fall

RBI kept interest rates unchanged at 5.15% and also maintained an accommodative stance.

RBI expects banks to soften lending rates even though it has kept policy rates unchanged

The central bank is expecting higher monetary transmission since the share of base rate loans, which have remained largely sticky, has come down. The marginal cost-based floating rate loans, which have annual resets, have become due.

RBI keeps rates unchanged due to inflation pressure, lowers growth estimate again

The six-member monetary policy committee (MPC) vote was unanimous, RBI said in a release.

Tweet Buster: What to do when you've more negatives to deal with on D-Street

The market had more negative cues to deal with than any positive.

Has Guv Das turned hawkish? Key takeaways from RBI money policy

The MPC revised down real GDP growth for 2019-20 from 6.1% in October policy to 5%.

'Shocking' pause? No, RBI is just awaiting signals from FM’s Budget

Shaktikanta Das said RBI is seeing some green shoots of growth revival in the economy.

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