[ad_1] Former Reserve Bank of India (RBI) Governor D. Subbarao has defended the RBI against criticisms of slowing economic growth, arguing that the central bank’s tight policies were necessary to control inflation and maintain financial stability. The RBI’s tight liquidity policies led to short-term growth sacrifices, but Subbarao defended them as necessary. He argued that […]
Earnings stability key for market revival, says Axis Bank’s Neelkanth Mishra – CNBC TV18
[ad_1] Investor sentiment towards Indian equities remains robust despite foreign portfolio outflows, with increasing participation in the market. However, according to Neelkanth Mishra, Chief Economist at Axis Bank, a sustained market uptrend hinges on earnings stability and liquidity improvements. Speaking on the side-lines of Axis Capital India Flagship Conference, Mishra underscored the critical role of […]
Canara Bank confident of surpassing deposit growth guidance this year – CNBC TV18
[ad_1] Bengaluru-based public sector lender Canara Bank expects to surpass its deposit growth guidance of 9%. Managing Director and Chief Executive Officer K Satyanarayana Raju said that the current focus is less on attracting deposits and more on the cost of mobilisation. Raju expects an 11% growth in advances for the January-March 2025 quarter, surpassing […]
Nifty Bank surges over 900 points on ₹1.5 lakh crore liquidity boost from the RBI – CNBC TV18
[ad_1] The Nifty Bank index has gained as much as 2% on Tuesday, January 28, with gains led by index heavyweights like Axis Bank and HDFC Bank, both of which surged 3% each. Company Value Change %Change Axis Bank, HDFC Bank, IndusInd Bank and ICICI Bank are also contributing to the 120-point gain seen on […]
Union Bank of India expects credit growth of 10-11% for FY25 – CNBC TV18
[ad_1] Srinivasan Varadarajan, Non-Executive Chairman of Union Bank of India, expects credit growth to in the range of 10-11% for FY25. In an interview with CNBC-TV18, Varadarajan said that while credit growth may not surge dramatically, it is expected to stay steady or slightly lower across the banking system in the coming quarters. This is […]
India fourth largest equity market but lags its smaller peers in turnover velocity – CNBC TV18
[ad_1] India may be the fourth largest equity market in the world, but the equity turnover on exchanges as a percentage of total market capitalisation is very low, which stands at 54%. In contrast, the 13th largest equity market South Korea — boasts a turnover velocity of 172%, which is even higher than the USA- […]
Jana Small Finance Bank launches “Liquid Plus” FD at 6.75% interest rate: Key details – CNBC TV18
[ad_1] Jana Small Finance Bank has launched a new “Liquid Plus” fixed deposit offering, providing an interest rate of 6.75% per annum for tenures ranging from 7 to 180 days. This rate applies to a minimum deposit of ₹10 lakhs for retail deposits up to ₹3 crores, and for bulk deposits between ₹3 crores and […]
WhiteOak Capital launches new arbitrage fund, NFO available till September 3 – CNBC TV18
[ad_1] WhiteOak Capital has introduced a new open-ended mutual fund, the WhiteOak Capital Arbitrage Fund. This scheme focuses on capitalising on market inefficiencies through strategic arbitrage opportunities across cash and derivatives segments. The New Fund Offer (NFO) for the WhiteOak Capital Arbitrage Fund has opened for subscription on Wednesday (August 28) and will close on […]
Mahesh Patil explains drivers of a potential market ‘melt-up’ phase – CNBC TV18
[ad_1] “From a technical perspective, I would say the market is kind of getting into the phase where, kind of a “melt-up” phase, where it’s more driven by liquidity and sentiment, which can take it probably still higher from here,” says Mahesh Patil, Chief Investment Officer (CIO) of Aditya Birla Sun Life AMC, which manages […]