The stock gave a trendline breakout with a strong bullish green candle, gaining 51 points or 6.15% today, with volumes above the 50-day moving average. Since the stock has given the breakout, the potential targets are Rs 988 (T1) and Rs 1,095 (T2) in the coming days. A strong support and stop loss is placed … Read more
Despite healthy return ratios and minimal asset quality issues, several PSU banks are trading below book value, according to Krishna Sanghavi, CIO-Equity at Mahindra Manulife. This valuation anomaly comes at a time when the fund house is launching a dedicated BFSI sectoral fund, betting on India’s demographic dividend and the ongoing financialization of savings in … Read more
DII Tracker Domestic Institutional Investors (DIIs) — including mutual funds, banks, insurance companies, and retirement funds — have played a crucial role in supporting the Indian equity markets over the past decade. Their investment patterns often reflect broader economic sentiments and can significantly influence market trends. Source link
Indian businessman Vijay Mallya. File. | Photo Credit: Reuters A consortium of Indian banks, led by State Bank of India, on Wednesday (April 9, 2025) won their court appeal in London to uphold a bankruptcy order against Vijay Mallya in a long-standing legal battle seeking repayment of a judgment debt owed by his now-defunct Kingfisher … Read more
Indian manufacturing and logistics firm Zetwerk Pvt has picked banks for a potential Mumbai initial public offering that could raise at least $500 million, according to people familiar with the matter. The Bengaluru-based company has selected Axis Capital Ltd., Goldman Sachs Group Inc., Jefferies Financial Group Inc., JM Financial Ltd., JPMorgan Chase & Co. and … Read more
Banks’ loan growth moderated for a fifth straight month in November, central bank data showed, as lenders continued to rein in unsecured and personal loans after the Reserve Bank of India’s crackdown on “exuberant” lending. Banks’ credit increased by 11.8% year-on-year last month, slower than the 16.5% rise in November 2023, excluding the impact of … Read more
The Union Finance Ministry has issued a directive to banks that central government pensioners should receive their pensions by the last working day of each month, with specific provisions for March payments. The ministry clarified that the notification has been issued to ensure timely disbursement of pensions and family pensions. The Ministry issued an … Read more
I am 31 years old and I want to actively invest. Should I go for bank fixed deposits ( FDs) or debt funds. What is your recommendation during the current market conditions? Name withheld Response shared by Jiral Mehta, Senior Research Analyst, FundsIndia. Debt Funds hold several advantages over fixed deposits (FDs). When you invest … Read more
Gaurav Kochar, Fund Managers, Mirae Asset Investment, says for banks with very strong liability franchises, large private banks, the large PSU banks, deposit mobilisation is not that big a challenge. While the challenge is real for all banks, but the larger banks relatively are better placed in this given that they have the distribution and … Read more
Weighted average lending rates on fresh loans and deposits fell marginally by 16bps and one bps ( one basis point is 0.01 percent) respectively in May according to the latest data released by the Reserve Bank of India. The weighted average lending rate (WALR) on fresh rupee loans of commercial banks stood at 9.39 per … Read more