Dhirendra Kumar, CEO, Value Research, says almost one-fourth of the SIP money is coming by way of private sector and NPS and NPS is not 15% equity. It is 75% into equity and that too into only top 200 stocks, and that has not been noticed by investors and is not being talked about because … Read more
After a brief swing to the deficit mode, liquidity in the banking system returned to a surplus this week, with analysts interpreting the Reserve Bank of India’s tolerance of extra cash with banks as a tilt towards easier policy ahead of the official interest rate statement next month. For seven days in September, the RBI … Read more
“Historically, a cut of this size certainly triggers some discussion about whether it is triggered by current economic weakness or a desire to not be behind the curve,” says Cameron Brandt, EPFR Global. First things first, how is it that one should be reading into this outsized rate cut by the Fed? I mean, is … Read more
Axis Bank and Indian Bank are likely to raise funds worth up to Rs 9,000 crore through the sale of infrastructure bonds next month, as lenders continue to rely on debt issuances to mobilise funds amid a slower pace of deposit growth than credit growth. Private sector lender Axis Bank’s infrastructure bond sale is likely … Read more
The Reserve Bank of India (RBI) has sought to prevent potentially inflation-stoking banking system liquidity enhancement through deft currency and bond market interventions, with foreign inflows into local sovereign debt quickening after the country’s inclusion in a globally tracked JP Morgan index. With rates on annualised dollar-rupee forward premia jumping after index inclusion occurred on … Read more
Mukul Kochhar, Head of Institutional Equities, Investec Capital Services, says he is bullish on financials, auto and pharma sectors. Financials include some very high-quality banks, regulated banks, small finance banks trading at very affordable multiples; in autos, there are OEMs, two-wheelers and some four-wheelers also at this point they have become attractive in terms of … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) will consider a proposal to tighten rules on the inclusion of stocks in the derivatives segment at its board meeting on June 27. This will be one of the main points of discussion, said a person close to the development, as the capital market regulator looks … Read more
Rajeev Mantri, CFO, Bandhan Bank, says the overall targeted strategy is the bank has to continue doing the good work that it has done in the past, but making sure that the deposit drive continues and with a liability-first approach, which means that the advances will need to continue, but the bank needs to continue … Read more
“I would say that it is overall the culmination of multiple factors which has led to this kind of a situation and I do not see any kind of a let-up on these very important contributors for ensuring the quality of the loan book,” says Dinesh Kumar Khara, Chairman, SBI.Do you think the credit cycle … Read more
Mumbai: The competition between India’s two major stock exchanges, the National Stock Exchange (NSE) and BSE, for market share continues to intensify. The NSE will introduce a 1 paisa tick size for all stocks below ₹250 starting June 10. Tick size is the incremental price at which a stock can trade. The 1 paisa tick … Read more
