Stock Analysis, IPO, Mutual Funds, Bonds & More

Stick to dividend yield plays or utilities with fixed returns: Sameer Narayan

Rupee fall giving rise to optimism that global cyclical sectors might be a better place to hide.

OMOs: A tool to finance budget?

OMOs should be used for supplying durable liquidity when the system has deep shortfalls.

Rupee slips 23 paise to 71.66 vs dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 per cent to 98.31.

Sebi may ask mutual funds to reduce exposure to unrated debt

Sebi, at a meeting scheduled today in Mumbai, is likely to take up issues relating to mutual funds, startup listing platform and buybacks.

IL&FS antics: Lending behemoth without 'investment policy'

In a shocking disclosure, the RBI found that the crisis-ridden IL&FS did not have a board-approved 'Investment Policy'.

Is India closer than ever to full convertibility of the rupee

NDF contracts are usually traded on currencies not readily available to trade globally.

NBFC rescue plan faces many hurdles

Private and foreign banks buy assets from NBFCs to meet their priority sector lending targets.

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

Here is breaking down the pre-market actions.

Banks must stress good compliance culture: RBI Deputy Governor

From January to July, RBI has imposed penalties on 70 occasions totalling Rs 122.9 crore.

Supreme Court cautions government on linking Aadhaar with social media

Court points to privacy implications after A-G said move would help tackle crime, terrorism, fake news.

Resolve stressed assets on time in your interest: RBI to banks

RBI will be coming out with the final guidelines for private and foreign bankers' compensation soon.

What does the RBI move mean for you

As per RBI’s proposal, banks can link their lending rates with an external benchmark instead of the MCLR.

P2P lenders mail an SoS to RBI

The body has suggested immediate extension of the limit to Rs 1 crore for retail investors, which would allow HNIs to lend money through these platforms.

RBI to sell government securities worth Rs 17,000 crore on Friday

The auction will be price based using multiple price method. Up to 5 per cent of the notified amount of the sale of the stocks will be allotted to eligible individuals and institutions.

Look at opportunities too, not just difficulties: RBI Governor

RBI governor stresses on importance of positive sentiment, calls on banks to spur credit growth

Mood of doom and gloom not going to help anyone: RBI Guv Shaktikanta Das

As RBI Governor Shaktikanta Das held forth on the current lean patch of the economy at a FICCI event today, he gave India a rarely used, Tharooresque term to talk about: Panglossian. "Mood of doom and gloom is not going to help anyone. I am not saying we maintain a Panglossian outlook and smile at everything — I don’t expect people to smile away difficulty — but a mood of doom and gloom will not help anyone," Das said.Mood of doom and gloom not going to help anyone: RBI Guv Shaktikanta Das

Hours after RBI call, Axis Bank says linking loans to repo rate is not the only way for faster transmission

It can be noted that till the last rate cut of 0.35 percent, the banks have passed out only 0.29 percent of the 0.75 percent in rate cuts initiated by the RBI to the final borrowers.

Hours after RBI call, Axis Bank says linking loans to repo rate is not the only way for faster transmission

It can be noted that till the last rate cut of 0.35 percent, the banks have passed out only 0.29 percent of the 0.75 percent in rate cuts initiated by the RBI to the final borrowers.

Growth a matter of highest priority for RBI at this juncture: Shaktikanta Das

“The pursuit of financial stability has always been a policy priority in India."

RBI rules out asset quality review of NBFCs for now

A liquidity squeeze that began with repayment defaults by IL&FS began a downward cycle in the economy

At this juncture growth is matter of highest priority: Shaktikanta Das, RBI Governor

RBI Governor Shaktikanta Das on Monday said the business community has been facing various challenges at the moment and growth is a matter of highest priority for the monetary policy committee (MPC) of the central bank.At this juncture growth is matter of highest priority: Shaktikanta Das, RBI Governor

Headwinds to financial stability can come from markets, says RBI Guv

The current state of the global banking system also points to uncertainty, Das said.

RBI governor says time other banks linked loans, deposits to repo rate

Das explained that the RBI has kept the external benchmarks in abeyance earlier because "we wanted to see how the market evolves.

RBI directs banks to be more proactive on GMS

The RBI on August 16 directed all scheduled commercial banks to promote the GMS.

What spook bond investors?

Investors fear that govt may have to either compromise on fiscal target or juggle around with borrowing numbers to stimulate a sagging economy, leading to oversupply of govt bonds.

Is it wise to ignore long duration debt mutual funds because of volatility?

Most debt mutual fund investors may have missed the rare opportunity to earn the supernormal returns if they were listening to their fund managers.

Why Dhananjay Sinha is bullish on these 4 consumer stocks

There is a surprising downtrend as far as discretionary spending, that is big ticket spending is concerned.

Banks Board Bureau invites applications for top posts of 4 big PSU banks

The headhunter last week had issued public notices inviting applications for the top posts in Punjab National Bank and Bank of India but on Monday it broaden the exercise to include Bank of Baroda and Canara Bank.

AUM rises but ARCs face challenges due to higher cash needs: Crisil

Rating agency Crisil said that the growth in ARC assets has fallen to 7% in fiscal 2019.

Confident of coming out of RBI's PCA framework by March next year: UCO Bank CMD

"We are growing quarterly, and we have pledged to come out of the PCA framework," CMD said.

RBI minutes, govt stimulus, global cues among key market drivers next week

The RBI will release the minutes of its August monetary policy review on August 21.

Sensex, Nifty snap 3-day winning run; PSU bank, FMCG stocks weigh

Investors will also be closely watching Federal Reserve Chair Jerome Powell comments at Jackson Hole.

Sebi mulls slew of reforms; tighter check on rating agencies, reward and hotline for informants

Sebi board on Wednesday may also take up issues relating to MFs & startup listing platform.

Buy Axis Bank, target Rs 712: Chandan Taparia

Buy Axis Bank Ltd. at a price target of Rs 712.0 and a stoploss at Rs 671 from entry point.

Buy ICICI Bank, target Rs 440: Kunal Bothra

Buy ICICI Bank Ltd. at a price target of Rs 440 and a stoploss at Rs 415 from entry point.

Buy Axis Bank, target Rs 718: Dharmesh Shah

Buy Axis Bank Ltd. at a price target of Rs 718.0 and a stoploss at Rs 667 from entry point.

RBI to cut interest rates by 40 bps by March: Fitch

RBI on August 7 had cut rates by 35 bps, slightly higher than market expectations of 25 bps cut.

Sensex jumps 350 pts: Stimulus, rate cut hopes among 5 factors driving rally

RBI Governor said growth has become the highest priority for the MPC.

RBI's dollar purchases at four-month low in June

But in the forward market, the central bank bought $ 4.9billion, as the outstanding forward sakes fell from $18.3 billion in May to $13.4 billion in June, RBI data indicates.

Route to $5 trillion facing headwinds: Bank CEOs

Banking executives said though there are opportunities in some segments of the economy, the aim to make India a $5-trillion economy will need a lot more effort.

Axis Bank cuts MCLR across all tenors

Axis Bank joins a long list of banks that have reduced their lending rates after RBI cut the repo rate by 35 basis points earlier this month.

Scheme on gold monetisation to get more teeth

An official from a private sector bank said this “underscored” the importance RBI was giving to the Scheme .

RBI clarifies on free ATM transactions

Failed transactions, non-cash swipes at ATMs shouldn't be counted as part of free transactions, RBI has said.

All is not well is the byword as Shaktikanta gives India 'Panglossian'

A mood of doom and gloom will not help anyone at this point, Shaktikanta Das said.

Bank of India eyes Rs 2,000 crore profit in FY20

BOI came out of RBI's PCA framework in January

Sensex, Nifty start on cautious note tracking Asian markets

As many as 16 stocks in the Sensex pack were trading in the green.

VISA criticizes government's zero Merchant Discount Rates move

Payments companies and banks that ET has spoken with said that no clarification has been issued by the centre yet on the implementation of the move since the announcement in July.

Current slowdown transient. Should be over by end of fiscal: S. Krishnakumar, Sundaram MF

"There will be some recovery in the second half of 2019-20 and most of this recovery will be driven by government action to revive growth."

Altico Capital exits Phoenix Group's IT-SEZ project in Hyderabad

Developer prepays Rs 250 crore loan it had raised from Altico

Key committees in IL&FS did not meet for years: RBI

The report said some of the key committees in IL&FS did not convene any meetings at all in the last few years.

IAMAI says RBI has no authority to ban cryptocurrencies

The counsel also emphasized that the central bank did not undertake research before issuing the ban.

Why an IPO plan for bank unit sent shares of this holding firm crashing

Nomura India expects the holding company to attract a holding discount of 20-80 per cent.

Bank loans rose 12% YoY in two weeks to Aug 2: RBI

Bank deposits rose 939.60 billion rupees to 127.45 trillion rupees in the two weeks ended Aug 2.

IL&FS may not have disclosed bad loans for years: RBI report

NPAs on IL&FS's books were as high as 70 per cent of its total loans and advances.

Sensex ends 52 points up, Nifty flat as investors await stimulus package

In the 30-pack Sensex, 13 stocks ended in the green and 17 in the red.

DHFL lenders arrive at 3-level resolution plan

The 3-level plan includes conversion of debt to equity and issuance of NCDs.

Finance Ministry mulls stress fund for infra sector: Housing Secretary Durga Shanker Mishra

Housing Secretary Durga Shanker Mishra said that discussions are on to use a stress fund to deal with the financial difficulties being faced by various infrastructure segments.

RBI tweaks norms for priority sector lending

As per the revised norms, on-lending by NBFCs for 'term lending' component under agriculture will be allowed up to Rs 10 lakh per borrower.

J&K Bank plans to mop up Rs 550 crore via bonds

The lender's board will put the fund raising proposal before the shareholders at its AGM on September 7.

RBI to review rules governing housing finance companies

HFCs will now be treated as one category under the non-bank finance companies.

RBI allows fintech companies, financial institutions to set up regulatory sandbox

The RBI said the RS fosters 'learning by doing' on all sides and regulators obtain first-hand empirical evidence on the benefits and risks of emerging technologies and their implications.

Insurance cover a must for fintechs participating in RBI sandbox

The framework document also doesn’t provide any legal waiver to the companies operating in the sandbox. Furthermore, any loss incurred by the customer would have to be borne by the sandbox entity, the central bank said.

Jammu & Kashmir move correct, economy needs to be corrected: Subramanian Swamy

The Rajya Sabha MP told reporters Sunday the "wrong policies" adopted during former finance minister Arun Jaitley's tenure were responsible for the economy slowing down.

Bankers doubt meeting $5-trn GDP target, say credit demand should double in five years

The country's largest lender SBI has said it expects credit growth to slow down to below 14 percent in FY20 due to subdued demand.

Sectoral policy intervention in works, no fiscal stimulus

There will be relief to the sectors in stress through policy interventions like for the auto sector, the industry's demand for a separate refinance window under the RBI is being discussed.

DHFL jumps 7% as lenders approve resolution plan

Following the development, the scrip jumped 3.92 per cent to Rs 47.70 on BSE.

Buy HDFC Bank, target Rs 2,280: Jay Thakkar

Buy HDFC Bank Ltd. at a price target of Rs 2280.0 and a stoploss at Rs 2195 from entry point.

Buy State Bank of India target Rs 310: Sharekhan

Buy State Bank of India at a price target of Rs 310.0 and a stoploss at Rs 282 from entry point.

RBI asks banks not to count failed transactions, balance enquiry as 'free ATM transactions'

Banks provide certain number of free transactions at ATMs to their customers and beyond that impose charges.

Jalan panel finalises report; suggests transfer of RBI's surplus in tranches over 3-5 yrs

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

Rupee skids 29 paise, hits over 6-month low of 71.43

Next major support for the rupee is seen at the 72.40 level.

Bimal Jalan panel finalises report; suggests transfer of RBI's surplus in tranches over 3-5 years

The Bimal Jalan committee, constituted to assess the adequate size of capital reserves that the RBI should hold, has finalised its report, sources said on Wednesday.

What is the bond market telling you?

Bond markets are in the limelight. Even stock markets are taking cues from the bond world.

Had once told FM to sack RBI governor: Nitin Gadkari

Gadkari sought to make the point how rigidity by regulators had hampered business growth in the country.

Basics of a dollar-rupee futures contract

The USD-INR futures near month contract closed at 71.22 on Friday.

It’s a very long winter for small and midcap stocks: Ajay Srivastava

Top 10 cos are making good money and trying to compel more concessions from the govt.

Not all gloom 'n' doom: Is the job scene in India bad?

In 2017-18, the number of unemployed have more than doubled from 10.8 million in 2011-12 to 28.5 million.

RBI cuts interest rate but reduction in your home loan EMI will be slow

Higher than normal rate cut is a signal for banks to cut lending rates aggressively before festive season.

Commodity importers seek cover as rupee falls

On the NSE, the dollar-rupee futures were trading at 71.20 for August delivery and at 70.50 for September on Friday.

Sebi to ease buyback norms for companies with housing finance, NBFC arms

A proposal for the same is to be discussed by Sebi's board at its meeting this week.

Economic slowdown 'very worrisome', new set of reforms needed: Raghuram Rajan

Raghuram Rajan said "a fresh set of reforms" are now needed to boost the economy and growth rate.

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

Nifty50 formed a Hammer-like candle on the weekly chart, as the bulls fought back to dislodge the bears.

How RBI helps NBFCs to lower borrowing costs

Mahindra Finance, Tata Capital, and PNB Housing Finance are now seeking shorter-tenor, MCLR-linked bank borrowings to raise disbursements ahead of India’s festival season beginning early autumn.

Government, RBI on same page on measures to boost economy: Nirmala Sitharaman

Addressing the national council meeting of the Confederation of Indian Industry, she said govt wants to reduce corporate tax rate and review CSR default penalty.

RBI will ensure no big NBFC fails, but no bailout package

RBI has increased monitoring of NBFCs after the IL&FS crisis.

Banks Board Bureau invites applications for top posts in PNB, BOI

As per the BBB's recruitment notice, candidates can apply for the vacancies at PNB and BOI till September 16.

Investing in 3-5 years duration funds is an all-weather strategy: R Sivakumar of Axis Mutual Fund

While RBI does have space to cut rates, we will have to wait and watch the economic situation.

RBI's MPC bears the Das stamp: An assessment

RBI rate cut was unanimous, with the 35 bps to 25 bps vote counting as 4 : 2.

NHB directive on subvention to have little impact, says study

Real estate developer Sobha believes that demand in the residential sector will continue to grow as benefits from the structural reforms begin to show results.

Govt & RBI working together to help incentivise investments: Sitharaman

Sitharaman was addressing industry leaders at the national council meeting of Confederation of Indian Industries (CII).

Sensex, Nifty plunge as RBI slashes growth forecast

The BSE Midcap index declined 0.44 per cent and the BSE Smallcap index ended 0.11 per cent lower.

RBI not done with easing, may cut rates in October and early next year

If RBI does cut again as forecast it would be a repeat of a cutting spree last seen in 2000-01.

ANZ slashes forecast for India's GDP growth in 2019/20 to 6.2%

The bank's estimate of GDP growth is now well below the expectations of other banks, and a long way from the RBI's forecast of 6.9% forecast

SC commence hearing on pleas against RBI circular banning cryptocurrency

The RBI had on April 6, 2018 last year had said that it had repeatedly cautioned users, holders and traders of virtual currencies.

Jana Small Finance Bank receives Scheduled Bank status from RBI

The Bengaluru-headquartered bank, established as a financial services company in 2009, said it presently operates 260 branches.

RBI eases risk, exposure rules, banks can lend more to NBFCs

Shaktikanta Das didn’t stop with an interest rate cut. He walked an extra mile by tinkering with prudential guidelines.

RBI building its forex kitty with gold bricks

The RBI has bought close to 2 million troy ounce of gold since November 2017.

RBI cuts repo rate by 35 bps to 9-year low

Reduces growth forecast by 10 bps for the fiscal year to 6.9% on slumping demand

RBI imposes monetary penalty on eleven banks

Individually, the penalty on 11 banks ranges from Rs 1.5 crore to Rs 50 lakh. Overall, the combined penalty comes to Rs 8.5 crore.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service