PUBLIC DEBT RECEIPTS
These 11 banking stocks can give more than 27% returns in 1 year market, according to analysts
Every sector has a key element and it is important to look at it if you are investing in that sector. In the case of banking, it is NPAs, or non-performing assets. Why the abbreviation before the full form? We react to news before understanding it. News is the abbreviation whose meaning becomes clear only on closer examination. So, while looking at the Q4 numbers of banks, it is important to look at NPAs. But there is another number which is equally important: Credit growth. It is likely to remain muted. And that in itself is not a bad sign. Asset quality is good and stays that way if NPA numbers are stable and the books are reliable.
These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
The Q4 earning season is important for the markets. It is after a long time that the street is not under the assumption that all is good, and will remain good forever. So, what needs to be watched? One, how is the street treating disappointments? If the reaction is limited to the stock concerned and does not sustain beyond one or two trading sessions, it is indication that, yes, the underlying sentiment has changed and the disappointment has been priced in. But if the reaction extends beyond the stock to the whole sector, then it is bad news.
These 8 banking stocks can give more than 27% returns in 1 year, according to analysts
Just after the announcement of the RBI policy meeting, two large banks reduced their SB account interest rates. Now, why have banks, which were vocal about the cost of deposits, all of a sudden reduced their SB rates? Is it because they are not concerned about the cost of deposits? Or, have they figured out that they will not be getting much money in the savings accounts, so might as well cut the rate? Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components, earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
With distributed eco heft and diverse interests, a new global currency on blockchain?
Donald Trump's trade war finds justification in Stephen Miran's argument that the US isn't compensated for providing global stability and the dollar as a reserve currency. Miran suggests tariffs to offset the dollar's overvaluation, a problem stemming from the US rejecting Keynes' alternative at Bretton Woods.
Why Deloitte is losing sleep over Elon Musk’s shadowy DOGE cost cutting mission
Deloitte has been hit hardest by the Trump administration's cost-cutting initiative under the Department of Government Efficiency (DOGE), losing 124 federal contracts worth over $371 million in taxpayer savings. With other major consulting firms also impacted, the government’s push for efficiency raises concerns over innovation and economic stability. Deloitte’s losses have led to job cuts and forced companies to reconsider their strategies amidst growing uncertainty.
These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
Whether it is India or across the globe, the one thing that stock markets hate (or is it fear?) the most is “uncertainty”. In the last three months, with the word tariff began being heard a lot out of the White House, the street has been dealing with the uncertainty about the shape and size of the inevitable tariff war. With the announcement by President Trump last night, that uncertainty is over. We now know which companies and sectors are going to face headwinds, and which are not. So, there will be a round of readjustment in earning estimates and then the market will once again look forward… and stop living with uncertainty.
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These 9 banking stocks can give more than 27% returns in 1 year, according to analysts
Banks provide the lifeline of capital to the economy. So it is credit growth that is the vital parameter when looking at banks. This is not to say that parameters like NIM and NPAs don't matter. But in the overall picture, credit growth is more important. Now, where parameters like NPAs are concerned, things have been brought under control, with the first step being accepting their existence on the balance sheets instead of brushing them under the carpet. But low credit offtake is still a pain point for banks. So, as the Q4 earning season starts, keep an eye on credit growth and deposit cost as these will determine the winner of the next phase of the rally which will only start once the drama about reciprocal tariff gets over.
Spring Statement 2025: Here’s what can be expected from Rachel Reeves’ speech
Chancellor Rachel Reeves' forthcoming Spring Statement 2025 is likely to underline the government's economic performance and respond to the pressures of falling tax revenues and increasing borrowing costs. With ?5 billion in public spending reductions and fiscal rules, Reeves will focus on investing in infrastructure and tax compliance. Concerns regarding local government funding and departmental reductions, however, persist.
These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 32%, according to analysts
In the short term, sentiment impacts stock prices, which, in turn, is impacted by events and the narratives built around them. The big event around the corner is the reciprocal tariffs that are to kick off on April 2. Remember, however, that stock prices and the absolute value of stocks depend on sectoral fundamentals and valuations. While valuations have corrected in some stocks, they are still high in others, despite the correction of the past few months. If the Nifty and market breadth stay positive in the coming trading sessions, it is likely we will see mid-caps gaining strength. Of course, you will have to keep April 2 in mind.
These 8 banking stocks can give more than 22% returns in 1 year, according to analysts
This is something that might not be very obvious because the whole stock market has been under pressure. The fact, however, is that, leaving aside the IndusInd Bank episode, most banking stocks have been relative outperformers in the last six months of correction. In fact, the performance of banks like HDFC and Kotak suggest that the worst is probably over for the sector. There do not appear to be any stronger sellers in these stocks even when markets have been under pressure from bears. Time to focus on them once again?
These 7 banking stocks can give more than 23% return in 1 year, according to analysts
This is not the first time that derivatives are playing havoc with the banking system or a particular bank. Looking back at 2008-09, while the issue was not exactly the same, derivative instruments had created problems for some banks and corporations. Despite the hue and cry this time, it appears to be a one-off issue which will be taken care of. When it comes to the banking sector, there are, at this juncture, just two things investors need to look at. One, what is the NPA situation? Second, what are the indications in terms of the cost of deposits? If these two things turn out to be fine (and we should get clarity on this in the coming weeks), then probably the bulls will get some fire power.
Jumla, nothing special for farmers: Uddhav Thackery slams Maharashtra Budget
Uddhav Thackeray criticizes the Maharashtra Budget 2025-26 for lacking substantial support for farmers and deems it filled with election gimmicks. Deputy CM Ajit Pawar defended it, emphasizing significant provisions for various sectors and ambitious growth targets. The budget focuses on enhancing infrastructure, boosting investments, and increasing employment opportunities.
Global Entry Program: A gateway for hassle-free US travel for Indian citizens
The Global Entry program by U.S. Customs and Border Protection facilitates expedited customs clearance for pre-approved, low-risk travelers entering the U.S. India’s inclusion in 2017 allows eligible Indian citizens to apply, enhancing travel convenience and bilateral ties. The program's comprehensive benefits ensure a seamless travel experience with stringent eligibility and application processes.
DOGE website offers error-filled window into Musk's government overhaul
Elon Musk's Department of Government Efficiency (DOGE) claims to have saved $105 billion for U.S. taxpayers by cutting contracts and reducing the workforce. However, the accuracy of these claims is questioned due to numerous errors. Repeated revisions and deletions of reported savings cast doubt on the legitimacy of DOGE's reported achievements.
These small and large private sector bank stocks may deliver over 22% return in 1 year, according to analysts
Change is the only constant in the stock market. Among the best wealth creators on the street till 2020, many private sector banks have been underperformers in the last four years. Now, cut to the last two months, a period when the market has seen one of its deepest corrections. How much do you think HDFC Bank and Kotak Mahindra Bank stocks have fallen in this period? Hardly. Both in absolute terms and more so in relative terms. See this also in the context of the fact that FPIs, the biggest owners of banking and financial services stocks, are on a spelling spree. Time to have some of these banks in your portfolio?
NCLT rejects TSPL demerger: Vedanta’s restructuring plan faces hurdle
The NCLT Mumbai has rejected the demerger plan of Talwandi Sabo Power Ltd, a subsidiary of Vedanta Ltd, due to insufficient disclosures. SEPCO, owed ?1,251 crore by TSPL, challenged the restructuring. Vedanta plans to appeal the decision and continues to support the demerger scheme.
Ebbing demand for China's favourite firewater adds to debt concerns
Kweichow Moutai's share price and sales have declined due to China's economic woes and changing consumer tastes. Guizhou province, heavily reliant on Moutai for revenue and debt repayment, faces financial challenges. Despite efforts to boost sales and international expansion, demographic changes and inventory issues pose significant obstacles to Moutai's growth and, consequently, Guizhou's economic stability.
Gujarat, Odisha, West Bengal and Maharashtra may have crack the debt code
Four states have managed to reduce their debt-to-GSDP ratio, while others like Punjab and Tamil Nadu have seen sharp increases, potentially exceeding 50% by 2027-28. The study calls for revising the Finance Commission's role, suggests stricter fiscal oversight, including transferring some state debt to the central government, and recommends improving revenue mobilisation and shifting spending priorities towards infrastructure.
Will prudence win over populism in Budget 2025?
Union Budget: India's economy has shown resilience post-pandemic but faces challenges ahead including weak consumption growth, household indebtedness, and high food inflation. For FY25, fiscal deficit is projected to be 4.6% to 4.8% of GDP. FY26 aims for improved tax revenue and controlled expenditure, prioritizing fiscal prudence over populism.
Budget 2023-24: How the big numbers stack up in Sitharaman's fiscal math
The fiscal deficit in Budget 2023-24 is projected to be 5.9 per cent of GDP against the 6.4 per cent in the revised estimates for 2022-23. In absolute terms, the fiscal deficit in Budget 2023-24 is expected to be at Rs 17.87 lakh crore as against Rs 17.55 lakh crore in RE 2022-23. Below are the major numbers behind Sitharaman's fiscal strategy as projected by her in the Budget 2023-24
J-K's debt pile grows to Rs 83,536 crore: CAG
The CAG expressed concern over J-K government's action of using borrowed funds for meeting current consumption and repayment of interest on outstanding loans.
Debt repayment can strain Goa's future budgets: CAG
The CAG has expressed apprehension that debt repayment can strain the Goa government's budgets in future, and suggested that it work out a strategy to avoid a debt trap. Much of the fresh debt was being used to repay earlier liabilities, it observed.
Goa's public debt for FY17 was Rs 12,433 crore: Manohar Parrikar
"The government has made adequate provisions in the Budgetary Estimate (BE) to discharge all liabilities towards repayment of the loan (principal + interest) installments," he said.
Economic Survey 2014: Government to come out with simplified norms for Depository Receipts: Survey
The committee had further suggested that DRs can be issued for raising funds by issuing new shares or against the existing equity.
Budget 2013: Decoding key concepts and jargon from FM's speech
The budget speech delivered by FM is often full of terms that are a turnoff. ET cuts through the clutter to simplify key concepts.
Budget 2012: All you wanted to know about non-tax revenues
Receipts in the capital account of the consolidated fund are divided into three broad heads - public debt, recoveries of loans and advances, and miscellaneous receipts.
Public debt rises 6% to Rs 31.5 Lakh cr in Q1
The Centre's debt rose nearly 6% in the first quarter of the current fiscal, but dropped as a percentage of GDP.
ET in the classroom: Non-tax sources of income for the government
Any loan given to state governments, public institutions and PSUs earn interests and this forms the most important item under this head.
Budget Glossary 3
In the third part of the series, we conclude our discussion on the consolidated fund, after discussing the capital account, and take up the other two funds, contingency fund and public account. We will close the third part with a discussion on Central Plan.
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