Indian capital markets are witnessing a boom in IPO activity in 2025, with the current calendar year being expected to be the largest IPO year in India's history, according to India heads of foreign banks on Wednesday.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
'Within India, people want high-quality, personalised banking services, and the demand for such services has exploded.'
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
'When the rupee was at 65 a dollar, we wanted to go to Thailand for a holiday.' 'Now at 72, we may find Goa much more attractive.' 'That's how correction happens.' 'If you don't let that correction happen, then it's a pressure cooker that bursts one day.'
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fifth-largest domestically.
These investors have pumped in about Rs 6,900 crore (Rs 69 billion) in the seven trading sessions after the Federal Open Market Commission meet.
Many factors leading to the 2008 financial crisis still exist.
So long as there are concerns about world trade, growth and oil prices, the domestic market will remain volatile.
A gradual weakening of the rupee, however, may add to inflationary pressures.
The value of the index, adjusted from its all-time high for the relative loss in the rupee's value, is close to sub-10,000 levels.
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues
While the BJP says it is confident Dalits will vote for it in the state assembly polls due this year-end, the Congress says it is paying attention to seats with 10 per cent or more Dalit population.
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