CRISIL REPORT
PSU banks may take a hit on margins as interest rates dip
State-owned banks saw a 26% profit surge in FY25. However, net interest margins may face pressure this fiscal year. Banks like State Bank of India, Canara Bank, and Punjab National Bank anticipate lower margins. Geopolitical factors and potential US tariffs contribute to uncertainty. Credit growth forecasts are also tempered. Overall bank credit is expected to grow.
Capex of small pvt airports may rise up to 60 pc on average over next 3 yrs: Crisil
Crisil forecasts a significant 50-60% surge in capital expenditure for small private airports in India over the next three fiscal years, driven by substantial increases in terminal utilization. Conversely, large private airports will experience a capex decline as major expansion projects near completion. Overall private airport capex is expected to slightly decrease by 10-15% to approximately Rs 40,000 crore.
Steel Stocks: Uptick in domestic demand, dip in Chinese exports & dip in coal prices: will these push steel stocks up?
Indian steel companies faced challenges due to fears of a global slowdown and rising imports, which impact profitability. However, a revival is expected in the upcoming quarters, driven by lower raw material costs and a safeguard duty on imports. Long-term growth is anticipated, supported by infrastructure demand and softening Chinese exports, though global uncertainties remain a major concern.
Crisil Ratings places IndusInd Bank on rating watch with negative implications
Crisil Ratings has placed IndusInd Bank's long-term debt instruments under rating watch with negative implications, following key managerial resignations and a review of its microfinance business. Concerns over internal financial controls and the impact on profitability are being closely monitored. The agency awaits clarity on the MFI discrepancies and their potential impact on the bank's operations.
Veg thali cost at 1-year low in April as vegetable prices fall
Crisil reports that the average cost of a home-cooked vegetarian thali fell to ?26.3 in April, a one-year low, due to decreased vegetable prices. Similarly, the non-vegetarian thali cost dropped to ?53.9. Experts anticipate thali costs will remain low as edible oil, wheat, and pulse prices are expected to soften in the coming months.
Home-cooked thali costs decline 4% in April, driven by cheaper vegetables: Crisil
The cost of home-cooked vegetarian and non-vegetarian thalis declined by 4 per cent year-on-year in April, driven by a sharp fall in vegetable prices, according to a report by credit rating information services firm Crisil.
RBI's proposed LTV rules may hit growth of gold loan companies
RBI's proposed gold loan rules may curb the growth of gold finance companies by requiring them to adjust lending practices. Crisil Ratings suggests the draft aims to standardize regulations and address lending disparities. The new LTV computation rules could force NBFCs to recalibrate disbursement values, impacting their growth, despite gold loans being the fastest-growing consumer credit segment in FY25.
RBI's draft norms to slow down gold loan asset growth of NBFCs: Report
RBI's draft guidelines on gold loans are poised to moderate the asset growth of NBFCs, particularly concerning LTV ratios and bullet loan renewals. Crisil's report indicates that stricter LTV computation and the requirement for full interest repayment before renewals will impact disbursement values and borrower flexibility.
How are wedding shoppers dealing with sky-high gold price?
How are wedding shoppers dealing with sky-high gold price?
Ahead of Market: 10 things that will decide D-Street action on Monday
Indian markets ended higher for the third straight week, buoyed by hopes of an India-U.S. trade deal and sustained FPI inflows. However, gains were capped due to LoC tensions and weak Q4 results. Global cues remained supportive, with strong U.S. and European market performance. Analysts expect range-bound movement unless a clear breakout above 24,550 on Nifty occurs.
Akshaya Tritiya & Gold: Indian buyers balk at high prices of yellow metal
Gold on Akshaya Tritiya: High gold prices in India, driven by global factors, are impacting Akshaya Tritiya sales and wedding-related purchases. Consumers are reconsidering gold buying, opting for alternatives like cash or delaying purchases. Jewelers are offering discounts and installment plans, but demand remains slow, affecting both large companies and daily wage earners.
Airport lounge player Travel Food Services gets Sebi nod for Rs 2,000 crore IPO
Travel Food Services, a major player in India's airport food and lounge sector, has received SEBI's approval for a Rs 2,000 crore IPO. The offering, entirely an offer for sale by the Kapur Family Trust, aims to capitalise on India's growing air traffic. TFS operates across major Indian airports and Malaysia, showcasing strong revenue and profit growth in FY24.
Canara HSBC Life Insurance files DRHP with Sebi for IPO
Canara HSBC Life Insurance has filed its DRHP with SEBI for an IPO comprising 23.75 crore equity shares via offer for sale. Promoted by Canara Bank and HSBC, the insurer ranks high among public-sector-led peers in assets and lives covered.
Top-performing India fund sounds caution on stocks, raises cash
Pricey valuations and fading earnings growth prospects are prompting caution among top fund managers. Abhishek Singh of DSP Mutual Fund has raised cash holdings in a large-cap fund to 13% amid concerns over India's slowing economy and global volatility. Singh warns investors to temper return expectations, anticipating sharp rallies and crashes as valuations remain elevated.
Canara Bank to mobilise around Rs 500 crore via Canara Robeco IPO
Canara Bank is expected to raise over ?500 crore through the partial sale of its mutual fund subsidiary, Canara Robeco Asset Management Company, by offloading a 13% stake via an IPO. This move aims to enhance the bank's capital adequacy ratio, supporting advances growth and branch expansion. Following this, Canara Bank plans to monetize a 14.
Canara Robeco files draft papers with Sebi for IPO. Issue to be OFS
Canara Robeco Asset Management has filed for an IPO via an offer for sale (OFS), with Canara Bank and ORIX Corporation offering up to 49.85 million equity shares. The company manages Rs 1,08,366 crore in assets and has seen strong growth, with plans to list on BSE and NSE.
Gold price rise to impact organised retailers sales volume by 9-11 pc in FY26: Crisil
Gold prices racing to an all-time high is likely to impact the sales volume of organised gold jewellery retailers by 9-11 per cent in 2025-26, a report said on Wednesday.
Bajaj Housing Finance Q4 Results: PAT soars 54% YoY to Rs 587 crore, revenue up 26%
Bajaj Housing Finance reported a net profit of Rs 587 crore in the fourth quarter, which is 54% higher than Rs 381 crore posted in the same quarter of last year. Net interest income in the reporting period increased 31% to 823 crore from Rs 629 crore in Q4FY24.
Cement prices to grow up to 4 pc in FY26, demand may rise 7 pc: Report
Cement prices are projected to increase by 2-4% this fiscal year, boosting sales realisation for companies. Demand is expected to grow by 6.5-7.5%, fueled by increased infrastructure spending, rural housing projects, and favorable monsoon conditions. Infrastructure and rural housing will be key drivers, with urban housing expected to regain momentum in FY26.
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