RBI could defer OMO sales with liquidity deficit at over 4-year highs

RBI could defer OMO sales with liquidity deficit at over 4-year highs

Mumbai: The Reserve Bank of India (RBI) could defer its declared open market bond sale as currency leakage from the banking system during the festival season and its own steps to shield the rupee from excess volatility have pushed liquidity deficit to its highest in more than four years, according to analysts. With net liquidity … Read more

Banks, CCIL in talks to build 3rd-party clearing process, unlock trade

Banks, CCIL in talks to build 3rd-party clearing process, unlock trade

Mumbai: Domestic and European banks have started regular talks with the Clearing Corporation of India (CCIL) to build structures needed for third-party clearing of government bonds and derivatives, paving the way for starting trades worth billions of dollars that may otherwise have stalled due to a stand-off between the regulators home and away. “Banks and … Read more

Don’t insist on security documents from farmers under Paddy Procurement Scheme: Kerala High Court tells banks

Don’t insist on security documents from farmers under Paddy Procurement Scheme: Kerala High Court tells banks

The Kerala High Court building in Ernakulam (file) | Photo Credit: H. VIBHU The Kerala High Court has observed that the credit rating of farmers who effectively sell their paddy to the government under the Paddy Procurement Scheme (PRS) can never be affected as the court has already held that they cannot not be construed to be … Read more

Stocks that India’s top 5 mutual funds bought and sold last month

Stocks that India’s top 5 mutual funds bought and sold last month

With Nifty in a consolidating trajectory after hitting the 20,000-milestone in September, mutual funds are using the fresh inflow of funds to pick stocks from sectors like auto, utilities, consumer and insurance. AMFI data shows that money managers reduced stake in banks, IT, capital goods and metals in October. While the weight of private banks … Read more

IDFC First Bank shares fall 5% post Q2 earnings; Motilal Oswal downgrades stock

IDFC First Bank shares fall 5% post Q2 earnings; Motilal Oswal downgrades stock

Shares of IDFC First Bank fell over 5% to the day’s low of Rs 81.45 on the NSE in the opening trade on Monday amid selling pressure in banks and financial stocks. Though the stock managed to recover from its intraday lows around 10:30 pm, it was still down by 3%. Brokerage Motilal Oswal downgraded … Read more

3 sectors Dipan Mehta is bullish on for near term

3 sectors Dipan Mehta is bullish on for near term

” I would like to just buy these midcap IT stocks at slightly more reasonable price to earnings multiples so there is margin of safety,” says Dipan Mehta, Director, Elixir Equities.At what point in time IT becomes what banks were in 2021. 2021, nobody liked banks. Everybody was worried about the impact of impact of … Read more

Crude is going to be the theme which will drive a lot of factors in Indian market: Devina Mehra

Crude is going to be the theme which will drive a lot of factors in Indian market: Devina Mehra

“Q4, you will have a mixed bag. As I said, if the crude remains at lower prices, it is in Q1 that you will start to see that impact overall,” says Devina Mehra, Chairperson, First Global.What to your mind is going to be the central market talking point for next couple of months in the … Read more

Time to look at pharma and speciality chemicals sector: Anand Tandon

Time to look at pharma and speciality chemicals sector: Anand Tandon

” I think there is a longer-term challenge to the business. Near-term, of course, the deal gains have been fairly robust. So this year is going to be definitely a challenging year for the IT sector. I think the market has already realized that and has traded it down. What we are looking now is … Read more

All high-frequency indicators for domestic economy seem to be quite robust: Vinod Karki

All high-frequency indicators for domestic economy seem to be quite robust: Vinod Karki

“We are not in a stage where we are in an overheated economy, as it was in the past and banks are not holding toxic assets. So, I think it is a little different but the fear is there of something might happen like it happened last time,” says Vinod Karki, Head of Strategy, ICICI … Read more

Strong demand for loans helps banks maintain robust credit growth in Q4

Strong demand for loans helps banks maintain robust credit growth in Q4

Mumbai: Indian lenders, led by HDFC Bank, continued to report strong credit growth in the March quarter on the back of robust pick-up in retail and corporate loans. HDFC Bank Monday said its March-quarter advances climbed 17%, taking its total loan book to ₹16 lakh crore. The lender had a loan book of ₹13.66 lakh … Read more