SBI posts surprise loss in Q1 due to treasury losses
() reported a surprise 7% fall in net profit year on year due to a huge hit on the market value of the bank's government bond investments as yields rose...
RBI raises repo rate by 50 bps to tame inflation
Mumbai: The Reserve Bank of India (RBI) raised the key policy interest rate by half a percentage point as expected to lower "unacceptably high inflation" and stuck to the path...
Ajay Bagga is bullish on this sector, here’s why
"The good news is that legendary investors like Warren Buffett, Howard Marks have started allocation," says market expert Ajay Bagga. The one thing that changed in the past week was...
RBI has zero tolerance for volatile, bumpy moves in rupee: Shaktikanta Das
India's central bank has zero tolerance for volatile and bumpy movements in the rupee and will continue to engage with the foreign exchange market to ensure the rupee finds its...
Currency Crushed If You Don’t Toe Fed Line: Kotak
(This story originally appeared in on Jul 20, 2022)MUMBAI: In an indirect call for an interest rate hike, veteran banker Uday Kotak has sounded caution over central banks not following...
Q1 GDP growth seen at 14-15% on services’ revival
The Indian economy likely grew at 14-15% in the first quarter of the current fiscal year, riding a recovery in contact-intensive sectors even as the rest of the economy held...
Higher ECB limits no help to mortgage lenders
Mumbai: For mortgage lenders witnessing strong growth, the Reserve 's easing of overseas borrowing limits is of little help as historical restrictions on end use and, more importantly, demand for...
RBI, Centre look to ensure gradual Rupee depreciation
The Centre and the Reserve Bank of India (RBI) have been taking steps to attract capital inflows so the rupee's depreciation against the dollar is smooth and gradual, government officials...
Surprise tightening in Asia ups pressure on dovish central banks
Central banks in Asia that remained dovish even in the face of soaring inflation may see their resolve tested after a surprise tightening by peers in the region leaves their...
Supplementary demand for grants unlikely in the upcoming monsoon session
The government may not present a supplementary demand for grants in the upcoming monsoon session of Parliament, signalling to ministries and departments the need for fiscal prudence and better use...