Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
Salil Dhawan reveals the MFs that have not only performed well in the past but have a promising outlook for the future too.
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Bank stocks have underperformed in the second quarter of FY'14 with the BSE Bankex declining 18 per cent compared to fall of 1 per cent in the BSE 30-stock index, Sensex, during this period.
While there is easy access to money, the flip side is the high interest rate and processing fees, points out Sarbajeet K Sen.
Nearly three-fourths of the debt money, as of April 30, 2019, was invested in securities with duration of less than three years.
In one go the merger will solve issues like size of balance sheet, reach and capital adequacy.
While the proposed new tax regime is optional for taxpayers, the finance minister has said the government eventually wants to do away with all exemptions with a lower tax-rate simplified structure.
'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is, with some of the banks being merged,' says Tamal Bandyopadhyay.
'When you have surplus cash flow and markets correct sharply, what options do you have other than buying good stocks?'
With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak. As part of measures to alleviate hardships faced by people, the Reserve Bank of India, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.
In the 52 newly listed companies since 2014, fund managers have a total investment of a mere 2.5 per cent of their assets under management.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
S&P Global Ratings on Monday expressed scepticism over allowing corporate ownership in banks given India's weak corporate governance amid large corporate defaults over the past few years. It also said that the Reserve Bank of India (RBI) will face challenges in supervising non-financial sector entities at a time when the health of financial sector is weak. Last week, a RBI panel had proposed that large corporate may be permitted to promote banks, as well as raising the cap on promoters' stake in private sector banks to 26 per cent, from15 per cent at present.
HDFC MF witnessed 17% rise in investment in its schemes to Rs 6,462 crore by group companies during May.
The issue also underscores the growing scrutiny by investors and voting advisory firms of the performance of board members.
India's key exports to the UAE include gems and jewellery, petroleum products, metals, machinery and basmati rice.
The Sensex ended up 48 points at 28,386 and the Nifty gained 13 points to close at 8,476.
Yes Bank was the biggest gainer in the Sensex pack, rallying 11.48 per cent amid reports that private equity firms have showed interest in buying a major stake in the private sector lender.
The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals.
ICICI Bank Ltd, India's biggest private sector lender, posted its slowest quarterly growth in four years as asset quality worsened and funds set aside for bad loans and contingencies almost doubled from a year earlier.
New retirement schemes from MFs offer Section 80C benefit but locks in your money for five years
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
Many are now cheaper after stock splits. But look at key parameters
Some of the firms that have witnessed major drop in analysts' coverage include Dish TV, YES Bank, and JSW Energy.
Indian retail investors continue to sell gold ETFs.
Of these 26, Bajaj Finance, Associated Alcohols and Breweries, Garware Technologies, Filatex India, Tasty Bite Eatables, Aarti Industries and GMM Pfaudler saw an over 10-fold surge in price since 2014.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
Index heavyweights ITC was the top gainer along with RIL and HDFC
Raghavendra Kamath reports on what ails India's real estate sector.
Vijaya Bank assured employees that the service conditions 'will remain unaffected and staff benefits retained'
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'We still need a certain number of large public sector banks for financial inclusion and stability purposes.'
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
Among India's capital-starved local banks, Essar is viewed as too big to fail.
Legislative process in the country is unduly long and tedious
