The Reserve Bank of India's (RBI's) latest order on unsecured loans is set to hit the banking sector's growth in the near-term, cautioned analysts, as they see banks slowing down on aggressive retail lending. Besides, cost of funds for non-banking finance companies (NBFC) is expected to inch up as banks will pass on higher capital charge to NBFCs. "We believe the fallout of the RBI action will be mainly on growth, given the rising dependence on unsecured retail loans and lending to NBFCs for growth.
Ujjivan Small Finance Bank's initial public offering attracted heavy investor demand on the final day of bidding on Wednesday as the issue was subscribed a whopping 126.36 times.
Among the gainers, microfinance player Ujjivan Financial Services which made its stock market debut in May has seen the biggest rally in its share price.
Besides, two new entities-- IDFC and Bandhan -- have been given full-fledged banking licence.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Companies featuring in the Next 500 list are mostly mid-sized and termed as the 'small wonders' by the magazine.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A total of 25 companies raised Rs 28,220 crore during the financial year.
For the first time since 2001, promoter stake in BSE 500 decisively below 50%
Eye business expansion, fulfil working capital requirements and making loan repayments
However, despite the reduction, their interest rates would be about 50-100 basis points higher than those of banks
RBI had received 72 applications for small finance bank licences.
During the current financial year, 25 companies have raised Rs 28,220 crore through IPOs
India offices of MNCs like DHL, Google and Marriott ranked among the top workplaces in Asia.
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
These banks need to build a significant deposit base to start full-fledged banking.
Sensex surged 486 points or 1.9%.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
These banks are finding it hard to pick up seasoned bankers at the pay they are offering
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
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