Posts in category Economic Times
RBI going Hi-tech in regulation, risk management (30-05-2024)
The Reserve Bank of India is on a drive to raise the use of technology in key areas like supervision and risk management but flagged the downside risks and how widespread the challenges could be in the adoption of Artificial Intelligence and Machine Learning.
Banks need to look beyond bulk deposits to fund loans: RBI (30-05-2024)
The Reserve Bank of India (RBI) Thursday said that banks must reduce their reliance on wholesale deposits to fund loans and be watchful of the risks associated with their advances and trading exposures amid interest rate fluctuations.
CBDC usage soars 39-fold among retail users, plunges in wholesale (30-05-2024)
In the wholesale segment, the outstanding amount stood at ₹8 lakh in March 2024, from ₹10.6 crore last year, and in the retail segment, the amount climbed to ₹234 crore in March 2024, from ₹6 crore last year. India's CBDC, the Digital Rupee (e₹), is a digital form of its official currency, introduced after the FY23 budget.
Apollo Hospitals Q4 Results: Net profit rises 76% YoY to Rs 254 crore (30-05-2024)
Revenue grew 15% YoY to Rs.4,944 crore in Q4FY24. The earnings before interest, tax, depreciation and ammortisation (EBITDA), EBITDA rose 31% YoY to Rs.640 crore in Q4FY24. The EBITDA margins expanded 161 basis points YoY to 12.95%.
Govt bond buybacks continue to elicit weak participation from banks (30-05-2024)
At Thursday’s buyback auction of government bonds, the RBI accepted bids worth Rs 5,111.29 crore versus the notified amount of Rs 40,000 crore worth of securities that the Centre had offered to repurchase, latest central bank data showed.
Fed’s Williams says he doesn’t feel urgency to cut rates right now (30-05-2024)
Williams stated that the economy's behavior over the past year provides ample evidence that monetary policy is restrictive in a way that helps achieve their goals. He made these remarks in the text of a speech prepared for delivery before a gathering of the Economic Club of New York.
Ahead of Market: 10 things that will decide D-Street action on Friday (30-05-2024)
Nifty ended Thursday with a decline of 216 points, driven by strong selling pressure across most sectors. The 50-stock index fell for the fifth consecutive session and is now trading below the crucial 21-day Exponential Moving Average (21EMA).
Oil prices steady ahead of US stocks data, OPEC+ meeting (30-05-2024)
Both benchmarks are headed for monthly losses, with Brent futures on track for a decline of more than 5% from last month, while WTI was poised for a slide of over 3.5%.
These 6 consumer discretionary stocks hit a 52-week high (30-05-2024)
Achieving a 52-week high is significant as it represents the stock's peak value over the last year, which is crucial for traders and investors