Healthcare and consumer-related companies are good places to invest a large amount of money right now because these sectors are growing, says Nimesh Chandan, CIO of Bajaj Finserv AMC. However, he is worried about the IT sector due to new trade rules in the US that could slow down their business. Chandan is particularly optimistic […]
How Bajaj Auto shaped Sanjiv Bajaj’s entrepreneurial journey – CNBC TV18
Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv, attributed much of his success in building one of India’s largest non-banking financial companies (NBFCs) to his early years at Bajaj Auto. His experience at the family’s flagship two-wheeler company laid the groundwork for his transition into financial services, equipping him with the strategic vision and […]
Full recovery of India’s banking sector unlikely until FY27: UBS Securities – CNBC TV18
India’s banking sector has been squeezed between rising costs and slowing credit demand, for over a year. The downgrade cycle may be nearing an end, according to UBS Securities, a multinational investment bank. However, Vishal Goyal, Head of India Research at UBS Securities, also warned that a full recovery for the country’s financial sector is […]
Derivative accounting issues may not be limited to IndusInd Bank, says Abizer Diwanji – CNBC TV18
The recent issue with IndusInd Bank’s derivative accounting may not be a case in isolation, and other banks could also face similar problems. Financial expert Abizer Diwanji, Founder of Neostrat Advisors explained that managing derivatives is complicated, and mistakes in how banks record them can happen across the industry. Karan Gupta, Director & Head – […]
Non-Bank lenders post strong Q3FY25 results, asset quality sees improvement – CNBC TV18
The non-banking financial sector recorded robust performance in the October to December quarter (Q3) of FY25, driven by strong loan growth and higher net profit. Housing finance companies (HFCs) and non-banking financial companies (NBFCs) benefited from a positive surprise in net interest income (NII), which helped sustain net interest margins despite elevated operating expenses. Housing […]
Taher Badshah sees mixed trends in financials, stresses strong execution amid market volatility – CNBC TV18
India’s stock market remains in a mixed trend zone across sectors, a situation that might continue for a few more weeks until the results season concludes, says Taher Badshah, Chief Investment Officer at Invesco Mutual Fund – who manages funds worth $11.49 billion. Sharing his insights on current market dynamics and sector-specific trends amid the […]
SEBI issues clarification on debentures: Debt documents only to be shared with board, no pre-approval needed – CNBC TV18
SEBI has issued a frequently asked questions (FAQ) to address concerns raised by companies and debt investment managers regarding recent amendments related to the issuance of debt securities, particularly debentures. In the clarification, market regulator stated that debt-related documents only need to be sent to the company’s board and do not require approval prior to […]
Nifty set for first single-digit earnings growth in five years: Gautam Duggad – CNBC TV18
The Nifty earnings per share (EPS) is projected to grow in single-digit in 2024-25, the first time in five years, according to Gautam Duggad, Head of Research at Motilal Oswal Financial Services (MOFSL). MOFSL has trimmed its Nifty EPS estimates for 2024-25 and 2025-26 by 4% and 3.5%, respectively. “We were at about ₹1,115 (for […]
These are the key aspects NBFCs should know to avoid being subject to RBI warnings – CNBC TV18
Non-Banking Financial Companies (NBFCs) play a crucial role in India’s financial ecosystem by providing diverse financial services and catering to sectors often underserved by traditional banks. However, with this expanded role comes a heightened responsibility to comply with stringent regulatory norms set by the RBI. Failure to adhere to these regulations can result in warnings, […]
What’s driving the boom in India’s gold loan market? – CNBC TV18
Gold rates surged to a record high of $2,580.81 per ounce on September 16, driven by a weaker dollar and expectations of deeper interest rate cuts in the US. So far in 2024, gold prices have risen nearly 23%, with a 35% increase over the past year. One of the key beneficiaries of this sharp […]