India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
Instructions were issued on holding loan camps in the last week of September.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
The Covid winter seems to be finally ending for debt-oriented mutual fund (MF) schemes as interest rates peak, especially for those that invest in shorter-maturity papers. In the past two months, shorter-horizon debt schemes - ultra-short, low-duration, and money-market - have together raked in net inflows of Rs 48,000 crore, the highest for two months since April-May 2021. These schemes invest in shorter-maturity papers ranging from three months to a year.
Actor-turned-politician and sitting MP Locket Chatterjee has been fielded from Chunchura and another MP Nishit Parmanik from Dinhata. Also, a number of film personalities have been nominated as candidates in the high-stakes battle for West Bengal.
A parliamentary panel on Friday opposed the new bank licences to corporate houses and voiced concerns over the discretionary power vested with RBI for applying 'fit and proper' criteria for deciding on applications.
Banks should try its best to retain talent.
Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.
RBI had received 72 applications for small finance bank licences.
With the advent of new banks, IT firms will get boostto their businesses.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
'What more can I ask for?' 'Salman and Ranbir Kapoor know how to respect their seniors.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
.jpg)
The RBI has accepted the application withdrawal request, according to the statement.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
Tata AIG, ICICI Lombard and Nippon Life have evinced interest for the profit-making insurance arm of Reliance Capital (RCap), joining several prominent financial companies from India and abroad in the race for RCap's assets. The final day to submit an expression of interest (EoI) was March 25 and the bidders will now get access to the latest information about RCap before they make financial bids.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will support the economic recovery boosting demand, job creation and by providing funds to the MSME and stressed sectors. The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.
With enough liquidity in the system, lending and deposit rates are likely to fall further
Use this window to lock into bank FDs; unless govt cuts small savings rates, banks may not cut deposit rates
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
By no means do economists see the Reserve Bank of India stop at just a 25-bp cut. Some of the economists such as Soumyakanti Ghosh of State Bank of India are of the firm view that rates have room to fall by a total of 75 bps in the current financial year, starting with 25 bps in the August 7 policy.
Dy Governor notes it's an era of job changes for better.
Licence winners are expected to be announced by the first quarter of 2014.
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Half a dozen companies looking to tap the market as the Indian rupee stabilises and oil prices cool down.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
Chandra Shekhar Ghosh started the micro-lending unit Bandhan in 2001 with only two employees in Howrah.
Thanks to Rajan we are an inflation-targeting country now
The meeting will be attended by all heads and EDs of public sector banks
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
One can expect significant changes at India's banks in ensuing months.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
