New Delhi, March 27 (IANS) Major global leading brokerage Jefferies has exited its holdings in HDFC Bank and reduced its India exposure across key portfolios, following the resignation of the lender’s part-time chairman Atanu Chakraborty.In its latest “Greed & Fear” report, Jefferies strategist Chris Woods said the firm has removed HDFC Bank from its Asia ex-Japan long-only equity portfolio, global long-only equity portfolio, and international long-only equity portfolio (ex-USA). No sp…
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New Delhi, March 25 (IANS) India’s markets are likely to recoup some lost ground after the US announced a five‑day reprieve for Iran’s energy infrastructure, a report said on Wednesday.Radhika Rao, Senior Economist and Executive Director at DBS Bank, predicted that the RBI will keep rates on hold in 2026, while addressing specific pockets of strain.The bar for rate hikes is high, due to the “stagflationary” shock and exogenous nature of the event risk, the report said.”Foreign reserve cove…
New Delhi, March 24 (IANS) While presenting Budget 2025-26, Delhi Chief Minister Rekha Gupta said on Tuesday that, on the capital receipts side, the government will raise funds from multiple channels, including Rs 16,700 crore market borrowings routed via RBI. Additionally, Rs 2,500 crore will be received as interest-free loans under the Special Assistance to the States for Capital Investment (SASCI) scheme, launched by the Ministry of Tourism in 2025.External aid for projects, including t…
New Delhi, March 24 (IANS) The Reserve Bank of India (RBI) may ‘stay on hold’ in its upcoming monetary policy review (April 6-8), with global developments expected to weigh more on growth than inflation in the near term, according to economists on Tuesday.As the central bank has announced the Monetary Policy Committee (MPC) meetings schedule for FY27, economists at leading investment bank HSBC noted in their report that the current situation is “likely to be more of a growth shock than a price…
Mumbai, March 23 (IANS) The second advance estimates of GDP for 2025–26 indicate sustained resilience of the Indian economy even as the conflict in the Middle East and fresh trade investigations by the US have resulted in increased volatility in the global markets, according to the RBI’s monthly bulletin released on Monday.High frequency indicators signal towards India’s economic activity gaining momentum in February. CPI headline inflation picked up in February on account of food and beve…
New Delhi, March 21 (IANS) Approximately 36 lakh borrowers are estimated to benefit from the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), the government said on Saturday.The scheme aims to provide guarantee cover to banks/FIs through National Credit Guarantee Trustee Company Limited (NCGTC) against expected losses on the financial assistance extended by them to Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) and MFIs for on lending to small borrower…
New Delhi, March 19 (IANS) Indian households are sitting on an enormous reserve of gold, and that wealth is now quietly reshaping the country’s lending market, a report has said.According to a report by Morgan Stanley, Indian households collectively own more than 34,000 tonnes of gold.Kotak Mahindra Bank estimates this stockpile to be worth nearly $5 trillion. While most of this gold — around 90 per cent — still lies idle, it is increasingly being used as collateral to raise quick loans.Gold…
New Delhi, March 17 (IANS) The Reserve Bank of India (RBI) has issued regulatory guidelines on digital lending, including loans through mobile apps and online platforms, and operationalised a public directory of digital lending apps to help borrowers verify their associations with regulated entities, the government said on Tuesday.”RBI has issued regulatory guidelines on digital lending, which aims at firming up the regulatory framework for digital lending, including loans through mobile apps, w…
New Delhi, March 12 (IANS) The Reserve Bank of India (RBI) issued a compounding order, on February 10, under the Foreign Exchange Management Act, 1999 (FEMA), in the case of Metrocorp Infrastructure Limited, which has resulted in termination of adjudication proceedings against the company for contraventions of provisions of the law, according to an official statement issued on Thursday.The order has been passed by the RBI after issuance of “No Objection” by the Directorate of Enforcement (ED).Th…
New Delhi, March 10 (IANS) India Inc delivered robust performance in Q3 FY26, with net sales rising 11.4 per cent following 10 per cent growth in the prior quarter, a report said on Tuesday.Though net sales grew at a healthy pace, the growth in operating profit moderated to 12 per cent in Q3 FY26 from 15.7 per cent in the previous quarter, weighed by rising expenditure of the companies.The overall expenditure rose by 11.2 per cent in Q3, up from 8.7 per cent in the previous quarter, the report f…