Samie Modak And Manojit Saha

Stories by Samie Modak And Manojit Saha

MPC Members Were Divided On Rate Cut

MPC Members Were Divided On Rate Cut

Rediff.com   23 Aug 2024

Deputy Governor Michael Patra warned about the spillover effects of food inflation.

Why RBI Cracked Down On P2P Lending

Why RBI Cracked Down On P2P Lending

Rediff.com   22 Aug 2024

Following a review of peer-to-peer (P2P) platforms, certain issues -- including high non-performing asset levels, significantly high balances in escrow accounts, and non-compliance with net owned fund and disclosure requirements -- came to the RBI's attention.

'Our objective is to keep improving Casa ratio'

'Our objective is to keep improving Casa ratio'

Rediff.com   15 Aug 2024

'The Casa ratio is at 33.4 per cent, which has to keep improving. Right now, there is a bit of liquidity pressure in the market.'

India just shy of top-weight China in MSCI EM after rejig

India just shy of top-weight China in MSCI EM after rejig

Rediff.com   14 Aug 2024

The Indian equity markets will soon account for over a fifth of a key emerging market (EM) benchmark tracked by funds with assets exceeding $500 billion. This development is expected to funnel as much as $3 billion into the domestic markets. Following the latest review undertaken by global index provider MSCI, India's weighting in the MSCI EM index will surpass 20 per cent for the first time, narrowing its gap with the current top-weighted China to fewer than 400 basis points.

How Banks Plan To Tackle 'Mule' Fraud

How Banks Plan To Tackle 'Mule' Fraud

Rediff.com   8 Aug 2024

'A mule operates someone else's account to transfer illegal money.'

Can Ola Electric Cruise to 6,146 Cr IPO?

Can Ola Electric Cruise to 6,146 Cr IPO?

Rediff.com   30 Jul 2024

The Softbank-backed company has set a price band of Rs 72 to Rs 76 per share for the maiden share sale and is expected to test the appetite for new-age loss-making companies.

RBI proposes to tighten banks' LCR norms, releases draft guidelines

RBI proposes to tighten banks' LCR norms, releases draft guidelines

Rediff.com   26 Jul 2024

In view of the rising number of mobile and internet banking users, the Reserve Bank of India (RBI) has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the run-off factor for retail deposits. "Banking has undergone rapid transformation in recent years. "While increased usage of technology has facilitated the ability to make instantaneous bank transfers and withdrawals, it has also led to a concomitant increase in risks, requiring proactive management," the RBI said in the draft guidelines released on Thursday.

71% intra-day traders pay the price chasing quick gains

71% intra-day traders pay the price chasing quick gains

Rediff.com   25 Jul 2024

Over 70 per cent of individual investors who engage in intraday trading incurred an average loss of Rs 5,371 during 2022-23 (FY23), according to a study conducted by the Securities and Exchange Board of India (Sebi). Intraday trades involve buying and selling securities within the same trading day. The study covered nearly 7 million investors trading in the equity cash segment.

'Nifty 50 Index Is A Bit Of A Mirage'

'Nifty 50 Index Is A Bit Of A Mirage'

Rediff.com   18 Jul 2024

About two-thirds of the incremental net income of the Nifty 50 over FY19-24 has come from companies in relatively low-valued sectors such as banks, diversified financials, IT services, and metals and mining.

Equity capital market fee pool at 17-year high as activity up 2.5x

Equity capital market fee pool at 17-year high as activity up 2.5x

Rediff.com   18 Jul 2024

The fee pocketed by investment banks for handling equity share sales stood at $244 million during the first half of calendar year 2024. This was the highest first half figure since 2007, according to LSEG Data & Analytics, a provider of financial markets data. Capital mobilised via equity capital market (ECM) activity jumped 2.5 times to $29.5 billion - the highest-ever semi-annual total in terms of proceeds.

Rs 2,000 Crore Raised Daily Jan-Jun 2024!

Rs 2,000 Crore Raised Daily Jan-Jun 2024!

Rediff.com   12 Jul 2024

Equity supply may hit Rs 6 trillion soon.

RBI Flags Concern Over Illegal Accounts

RBI Flags Concern Over Illegal Accounts

Rediff.com   10 Jul 2024

'We found certain banks having lakhs of such accounts with apparently no valid reason.'

Banks turn cautious on lending to smaller microfinance players

Banks turn cautious on lending to smaller microfinance players

Rediff.com   8 Jul 2024

Commercial banks have turned cautious in lending to smaller microfinance institutions (MFIs), which has compelled the latter to borrow from non-banking financial companies (NBFCs) at much higher rates. Recently Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao slammed micro lenders for increasing their margins "disproportionately" and said these lenders were quick to pass on the increased cost to the borrowers but reluctant to pass on the benefits under the new regime, where margins are not capped.

Can the 'new' HDFC Bank reclaim its old glory?

Can the 'new' HDFC Bank reclaim its old glory?

Rediff.com   8 Jul 2024

For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. Amid a landscape where other banks struggled with soaring non-performing assets (NPAs), HDFC Bank thrived, eventually surpassing ICICI Bank to become the largest private sector lender in India. Its net interest margin (NIM) remained stable in the range of 4.1-4.4 per cent.

'High real repo rate can have adverse effects on demand as well as supply'

'High real repo rate can have adverse effects on demand as well as supply'

Rediff.com   6 Jul 2024

'The real repo rate is very high in terms of core inflation.'

Nifty may sport new look after Sebi's F&O tweak, expand to over 200 firms

Nifty may sport new look after Sebi's F&O tweak, expand to over 200 firms

Rediff.com   6 Jul 2024

The Nifty 50 index is poised for a revamp as the revised futures and options (F&O) stock selection criteria is seen paving the way for newly listed companies to join the benchmark index, which is tracked by passive funds with combined assets under management of more than ~3.5 trillion ($44 billion). For the first time in six years, the market regulator Securities and Exchange Board of India (Sebi) has tweaked the stock selection process for the derivatives segment that clocks a turnover of ~400 trillion daily.

Promoters Sold Rs 87,000 Crore Of Shares

Promoters Sold Rs 87,000 Crore Of Shares

Rediff.com   2 Jul 2024

Prominent exits by promoters included a Rs 15,300 crore share sale in Indus Tower by Vodafone Plc, a Rs 9,300 crore share sale by the Tata group in Tata Consultancy Services.

'Indian rupee best-performing Asian currency this year'

'Indian rupee best-performing Asian currency this year'

Rediff.com   29 Jun 2024

'India represents one of the top opportunities with robust growth, solid fundamentals, and openness to foreign investment.'

Unlisted Shares Market Is Buzzing

Unlisted Shares Market Is Buzzing

Rediff.com   29 Jun 2024

The dealers operating in the space have jumped nearly three times over the past two years.

'I Hope We Don't Get A Bubble Too Soon'

'I Hope We Don't Get A Bubble Too Soon'

Rediff.com   21 Jun 2024

'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'