NEW DELHI: is likely to report a 26 per cent year-on-year (YoY) rise in net profit in the June quarter and a single-digit rise in net interest income (NII). Net interest margin (NIM) is seen expanding marginally, while gross non-performing assets are seen at 3.4 per cent. HDFC Institutional Equities is expecting the private lender … Read more
Mumbai: UBS expects banks to report muted loan growth and a 25-50 basis point increase in non-performing loans in the first quarter. Ahead of the start of the earnings season, the brokerage said unsecured loans and loans against property are the most important segments for the private sector players. The brokerage prefers banks with greater … Read more
has emerged as one of the top holdings of domestic equity mutual funds in the past year after falling out of favour for a while. Fund managers and analysts said changes in the management led by the low-profile CEO Sandeep Bakshi, cheaper valuations and an increase in market share have prompted investors to take a … Read more
New Delhi: Nine of the 10 most valued companies together added Rs 2,41,177.27 crore in market valuation last week, in line with a strong broader market, with and topping the list. During the last trading week, the 30-share BSE benchmark Sensex jumped 1,807.93 points or 3.70 per cent. From the top-10 list, only Limited (HUL) … Read more
NEW DELHI: Private investment, which has been muted for a long time, will start trickling in once the overall capacity utilisation in the system goes beyond 75 per cent that, in turn, will help unleash ‘animal spirits’, CII President Uday Kotak said on Wednesday. The COVID-19 pandemic gave a shock to capacity utilisation and as … Read more
Private sector lender Kotak Mahindra Bank emerged as the consistent wealth creator of the past 25 years, according to Motilal Oswal 25th Annual Wealth Creation Study 2020. The report highlighted that the lender has delivered an annualised return of 25 per cent from 1995 to 2020. “In the 23 three-year rolling periods between 1995 and … Read more
Termed reverse arbitrage, the trades exploit spot-futures mispricing due to supply-demand factors like the recent MSCI rebalancing-induced heavy cash buying, or corporate actions that lead to heavy futures selling due to anticipated fall in cash market shares. Synopsis Normally, equity futures trade at a premium to the underlying spot price — called cash and carry … Read more
Mumbai: The Mumbai police has issued look-out circulars against Cox & Kings (India) promoter Ajay Ajit Peter Kerkar, former director Urrshila Kerkar, chief financial officer Anil Khandelwal and two others to prevent them from leaving the country. The city police’s Economic Offences Wing is probing complaints registered by banks, Kerkar and former executives of Cox … Read more
Mumbai: Gold futures October contract hit a record high of Rs 54,480 per 10 gm , before dipping a tad to Rs 54392 late night India time. The rise reflected the jump in overseas gold to $2002.5 an ounce. The August contract, which expires tomorrow, traded at.a premium of Rs 54,560, indicating that sellers could … Read more
Mumbai: Credit Suisse has sounded caution on reliability of reported profitability numbers by lenders due to high concentration of interest accrued component in bank’s net interest income. The report also said that reported share of moratorium loans dropped across private banks to 10-25% as of June 2020 versus 30-70% in April 2020. “The interest accrued … Read more