‘It is like a chicken-and-egg situation.’ ‘All these product tweaks are innovative, but traders won’t move unless there is liquidity.’ ‘And liquidity cannot be generated until traders move.’
Posts tagged Rediff
Govt tells states to boost cattle vaccination for LSD (17-04-2023)
The Centre has issued an advisory to states to speed up the preventive vaccination process.
Tata Neu 2.0 Plans Better Experience (17-04-2023)
‘With this revamp the anonymous journey of the user will begin wherein he will not have to sign in every time he accesses the app.’
Tough Times Lie Ahead For Banking Sector (17-04-2023)
For the banking system a new cycle starts in FY2024. It’s fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.
What Are PhonePe’s Expansion Plans? (17-04-2023)
‘We want to achieve overall profitability, and then we would go for an IPO.’
SBI seeks clarity from SC on hearing for defaulters (17-04-2023)
SBI has suggested that banks be exempted from handing over the complete forensic audit report to the borrower as it would hamper future investigation and forewarn the borrower by way of disclosure of confidential information.
Better interest margins may help bottom line of banks (15-04-2023)
Benefitting from the economic rebound, banks are expected to report a healthy bottom-line and asset quality profile in the quarter ended March 2023 (Q4FY23). The net profit of listed commercial banks is projected to grow by an average 43.6 per cent year-on-year (YoY) in Q4FY23 amid better net interest margins (NIMs) and declining credit costs. This is based on a combined assessment of analyst estimates for 17 banks on Bloomberg database.
MFs’ equity bets touch record Rs 1.73 trn in FY23 (15-04-2023)
Mutual funds (MFs) invested a record Rs 1.73 trillion in equities in the financial year 2022-23 (FY23), providing strong support to the Indian markets at a time when foreign investors were redeeming their holdings. They exceeded the previous high of nearly Rs 1.72 trillion investment in equities in FY22. The data from the Securities and Exchange Board of India (Sebi) shows MFs were net buyers in the equity market in eleven of the twelve months last financial year.
MFs’ equity bets touch record Rs 1.73 trn in FY23 (15-04-2023)
Mutual funds (MFs) invested a record Rs 1.73 trillion in equities in the financial year 2022-23 (FY23), providing strong support to the Indian markets at a time when foreign investors were redeeming their holdings. They exceeded the previous high of nearly Rs 1.72 trillion investment in equities in FY22. The data from the Securities and Exchange Board of India (Sebi) shows MFs were net buyers in the equity market in eleven of the twelve months last financial year.
Future Retail gets 90 days to close insolvency pocess (14-04-2023)
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL’s plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL. “… NCLT on April 13, 2023, heard the application and granted the said exclusion of 90 days from CIRP of FRL and consequent extension for completion of CIRP till July 15, 2023,” said a regulatory filing from the company.