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Govt's divestment plan to push fundraising activities in FY26: Emkay Global
Emkay Global Financial Services predicts that the government's FY26 divestment target of Rs 47,000 crore will drive significant investment banking activity. However, recent market corrections have slowed deal-making and IPO activities, as seen in reduced IPOs and QIPs in early 2025 compared to previous years.
IREDA shares surge 3% on increasing borrowing limit by Rs 5,000 crore for FY25
IREDA shares have seen a 1-year price gain of 7.26%, but a Year-To-Date (YTD) decline of 37.74%. Over the past 6 months, the price has decreased by 39.36%, and in the last 3 months, it has dropped by 35.01%. The 1-month price decline stands at 16.56%.
Banks write off bad loans worth Rs 16.35 lakh crore in last 10 years
Banks have written off bad loans worth around Rs 16.35 lakh crore over the past decade, with the highest write-off of Rs 2.36 lakh crore in 2018-19. Finance Minister Nirmala Sitharaman clarified that write-offs don't benefit borrowers, and banks continue recovery actions. Currently, 29 major companies have NPAs totaling Rs 61,027 crore.
Progressive social policies, robust infra, placed TN on economic growth trajectory: Economic Survey
Tamil Nadu's progressive policies and infrastructure have driven significant economic growth, contributing 9.21% to the national GDP in 2023-24. The state's GSDP reached Rs 27.22 lakh crores, with a nominal growth rate of 13.71% and a real growth rate of 8.33%. Employment generation and robust sectoral growth have created economic resilience amidst global challenges.
0% return in 10 years: CA highlights case of IndusInd Bank share saying Rs 1,000 in 2014, would still be Rs 1,000 in 2025
IndusInd Bank, India's fifth-largest private lender, suffered a massive stock decline of over 27% following revelations of a significant accounting discrepancy in its forex derivative transactions. The issue, amounting to Rs 1,577 crore post-tax, has raised serious concerns about governance, transparency, and regulatory scrutiny. With the Reserve Bank of India (RBI) stepping in to review other banks' hedging effectiveness, the crisis has sparked broader questions about the stability of India's financial sector.
IndusInd issue puts the spotlight on India's banking sector
IndusInd Bank discovered discrepancies in account balances related to currency derivatives. This prompted an internal review and raised concerns about other banks having similar issues. The RBI is investigating. Despite improvements in asset quality and profitability, concerns remain over unsecured retail loans, slow deposit growth, and rising micro-lending stress.
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Blackstone looks to return to Trans Maldivian cockpit as lenders look to exit
Blackstone is nearing a deal to reacquire Trans Maldivian Airways, eight years after selling it to a Bain Capital-led consortium. The airline, facing significant challenges due to the pandemic, is now under new lender control and may see Blackstone return as the primary owner amidst a recovery in leisure travel demand.
New Zealand Reserve Bank Governor Adrian Orr resigns amid rift with government
Reserve Bank of New Zealand Governor Adrian Orr resigned unexpectedly after two years into his second term. Deputy Governor Christian Hawkesby will serve as acting governor until a replacement is found. The resignation occurred amid a bank funding review and tensions with the government over budget and policy issues.
Betting on the revival of an underperforming sector
While recently reviewing my investments and exploring new equity opportunities in the current bear market, I came across news about the Reserve Bank of India (RBI) imposing restrictions on New India Cooperative Bank.
Bank lending growth slows to 11% in January, retail loans hit
Bank lending growth saw a significant slowdown in January, dropping to 11% year-on-year from 20% a year ago. However, loans to large industries and medium firms saw increases. Non-food credit, retail loans, and credit to agri also experienced slower growth. In contrast, loans against gold jewelry rose dramatically by 77% year-on-year.
India's GST collections surge in January 2025: gross up 12.3%, net rises 10.9%: NCAER report
GST collections showed strong growth in January 2025, with a 12.3% increase in gross and 10.9% in net collections. Manufacturing PMI rose to 57.7, indicating expansion, while services PMI stayed high at 56.5. Inflation moderated to 4.3%, providing more policy space. However, bank credit growth slowed, and there was a continued outflow of FII flows.
'Rising temperature may increase probability of default in 30% of agri loan portfolio by 2030'
Rising temperatures and climate change may increase default risks in 30% of agricultural and housing loans in the next five years, according to a BCG report. Temperature increases negatively impact agriculture production and income, posing significant risks for banks. However, a $150 billion annual investment opportunity exists for banks in India's energy transition to renewable sources.
Bank credit and deposits growth decelerate in Q3: RBI data
Bank credit and deposits saw a sequential slowdown in the October-December 2024 quarter. Bank credit growth decreased to 11.8% in December, while aggregate deposits grew at 11%. Personal loans, agriculture, and industry sectors experienced growth moderation, whereas lending for trade, finance, and other services accelerated.
Bank holiday today: Are banks open or closed today in your state on February 20, 2025?
Banks will be closed in some states today on February 20 to commemorate their Statehood Day. Financial transactions should be planned accordingly as banks in these states won't be operational. Online banking services, however, will remain accessible.
Chhatrapati Shivaji Maharaj Birthday: Bank, market, schools, offices — what’s open, what's closed in Mumbai?
Chhatrapati Shivaji Maharaj Jayanti is a public holiday in Maharashtra on February 19. Public transport and essential services will operate as usual. Government offices and banks will be closed. Educational institutions and private businesses may have varied operating statuses. Numerous cultural events will take place to honor the Maratha warrior king's legacy.
New India Cooperative Bank collapse and its ripple effect on UCBs across India
The Urban Cooperative Banks (UCBs) sector is under scrutiny following regulatory actions, with 1,472 banks and significant deposits and advances. As of March 2024, two scheduled UCBs had critically low capital ratios, leading to enhanced monitoring and corrective measures by the RBI, including potential license cancellations.
From cutting cash Reserve ratio and repo rates to buying G-secs via open market operations, here is how RBI manages liquidity in India's banking system
Several measures were undertaken by the central bank to contain India’s banking liquidity deficit that hit a multi-year high in January this year. Sameer Bhardwaj explains the various tools that are used by the Reserve Bank to accomplish this.
FD interest rate up to 9.1% for senior citizens investing for five years; Check the full list of banks here
FD up to 9.1%: Senior citizens can get up to 9.1% interest rate on bank fixed deposit (FD). There are multiple banks who are offering a high rate of interest on FDs for less than Rs 3 crore and tenure of 5 years. Read below to know which bank is paying a high interest rate to senior citizens.
These large- and mid-cap stocks can give more than 28% return in 1 year, according to analysts
Which is the one word that has dominated equity markets for the past five months? Volatility. For a majority, it is a bad word that is associated with bearish markets. But most don’t know another aspect of volatility: Both at the top and bottom of the market, the volatility quotient is always high. Now, another point. In volatile markets, there are phases when large-caps have underperformed while mid-caps have outperformed. There have also been times when the opposite happened. In this context, it is better to have a combination of both large- and mid-caps in your portfolio. Also, diversification is the key.
Now get pre-approved credit lines on UPI from Small Finance banks, as RBI expands this service
The Reserve Bank of India has allowed the use of pre-sanctioned credit lines through UPI, extending this feature to Small Finance Banks. This development aims to offer instant short-term credit without a separate loan application, ensuring transparency with explicit consent required from customers.
Is it made of metal? It could get more expensive under Trump's latest tariffs
President Trump reintroduced tariffs on imported steel and aluminum, affecting various industries like automotive, construction, and beverage bottling. Domestic manufacturers may face higher costs and limited availability of specific alloys, potentially leading to increased prices for end products and impacting economic conditions.
Action to be taken if gold auction norms violated by banks, NBFCS: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman assured action against violations of gold auction processes by banks and NBFCs in case of loan defaults. She emphasized that stringent procedures are followed, and any deviations will be addressed. The demand for gold in India continues to rise, driven by households and small businesses.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of more than 37%
The way the market has reacted to the RBI policy and other developments in the past few days suggests that the underlying bias is turning bullish. Now, given the context of still high valuations, and also the fact that earnings are not shaping up as expected, the turnaround might take a while. Nevertheless, it might be time to shed any bearish bias toward the market. Our selected stocks for the day depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
These large- and mid-cap stocks can give more than 38% return in 1 year, according to analysts
If one looks at the overall performance of the market in the past few months, there have been phases where large-caps have underperformed while mid-caps have outperformed and vice-versa. In this context, it would probably be better to have a combination of large- and mid-cap stocks in your long-term investing portfolio and your trading portfolio. This would be a better mix given that the volatility quotient of the market is likely to remain high over the next couple of months or more. Another factor to keep in mind: Diversification is the key. Why? Because there are sectors which will see cyclical tail and headwinds, not because of anything else but the fact that every industry goes through it.
Trump says Canada doesn’t even allow US banks to operate but...
Donald Trump lashed out at Canada for not allowing US banks to open and do business there. Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada as America’s two largest trading partners took steps to appease his concerns about border security and drug trafficking. Trump has been reiterating his demand to make Canada the 51st state of US.
US investor Danny Gaekwad Developments & Investments seeks Sebi exemption for Religare takeover
Danny Gaekwad Developments & Investments has requested Sebi to allow a public announcement for competing offer against Burmans' open offer for Religare Enterprises Ltd. They are also seeking to deposit Rs 60 crore in an escrow account and a bank guarantee of Rs 540 crore from RBI.
Lower slippages, recoveries helped banks improve asset quality: Economic Survey
Banks in India have significantly improved their financial health over the past decade, with asset quality in a comfortable position and gross non-performing assets at a 12-year low of 2.6% in September 2024. Profitability surged, and net NPAs declined to 0.6%, contributing to a stronger balance sheet despite a slight contraction in net interest margin.
Govt okays 'Mutual Credit Guarantee Scheme' to strengthen the MSME manufacturing sector
To enhance manufacturing, the government introduces a Mutual Credit Guarantee Scheme for MSMEs, providing 60% guarantee coverage by NCGTC for credit facilities up to Rs 100 crore. The scheme offers collateral-free loans for the purchase of plant and machinery, with specific borrowing and repayment conditions, including a moratorium period and annual guarantee fees.
Indian banks facing margin pressure amid high interest rate and declining loan growth: S&P Global
Indian banks are experiencing margin pressure due to slowed loan growth and high interest rates. Loan growth for major banks is projected to decline to 12.3% in FY 2025, down from 22.5% previously. Despite slower profit growth, banks are focusing on retail deposits and managing bad loans, with the GNPA ratio falling to 2.6%.
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