Kotak Mahindra Bank

Gold tops $2,000, India takes cues as price hits record of Rs 54,480 ex GST

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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

Banks profitability numbers unreliable due to high accrued interest: Credit Suisse

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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