RBI's interest rate decision, macro data, global factors to dictate market trends this week: Analysts
New Delhi: The Reserve Bank of India's interest rate decision, macroeconomic data and global trends will drive investors' sentiment this week, with markets hoping to continue the positive momentum after ending FY24 on a buoyant note, analysts said. In addition, the trading activity of foreign investors, the rupee-dollar trend and the movement of global oil benchmark Brent crude would also influence trading in equity markets.

RBI mulls to set up Digital India Trust Agency to check illegal lending apps
RBI mulls to set up Digital India Trust Agency to check illegal lending apps
The Hindu Business Line

RBI likely to maintain status quo on key rates
RBI may hold rate yet again to focus on inflation management, say experts

RBI's journey of 90 years: The building of India's financial fortress

The RBI commenced operations on April 1, 1935, based on the recommendations of the Hilton Young Commission. Sir Osborne Smith was the first governor of the Reserve Bank, serving from April 1, 1935, to June 30, 1937. A professional banker, he served for over 20 years with the Bank of New South Wales and 10 years with the Commonwealth Bank of Australia before coming to India in 1926 as managing governor of Imperial Bank of India.
 

RBI deputy governor urges banks to exercise prudent risk management

Banks must ensure that their growing reliance on fintech companies does not result in poor underwriting standards and improper pricing of risk, cautioned M Rajeshwar Rao, deputy governor, Reserve Bank of India (RBI).

PSBs level up, need pros at the top: FM
 

Can central banks keep governments at bay?
The Reserve Bank of India (RBI) is celebrating its 90th anniversary today. It is India’s oldest Indian institution, older than even Parliament. It used to have private shareholders between 1935 and 1949, when, following the British nationalisation of 1946 of the Bank of England, it was nationalised.

BoI raises lending rate by 10 basis points
State-owned Bank of India (BoI) has announced a hike in lending rate by 10 basis points, a move which will make loans, including retail, expensive.

HDFC Bank seeks to sell 100% stake in HDFC Education via Swiss challenge method
Private sector lender, HDFC Bank is seeking to sell its 100 per cent stake in HDFC Education and Development Services using the Swiss challenge method. The bank said that it is currently in the process of finalising the purchaser. 

City Union Bank surpasses ₹1 lakh cr total business milestone in FY24
Chennai: City Union Bank has achieved a milestone in FY24 as the old private sector bank’s total business crossed the ₹1 lakh crore mark for the first time. The Kumbakonam-headquartered bank has achieved this record in its 120th year of operations. The bank’s total business crossed the ₹50,000 crore mark in FY17, and the second ₹50,000 crore has been achieved in just seven years. The bank management couldn’t be reached for more details or a comment.

Kotak Bank tops table of equity offerings
Kotak Mahindra Bank topped the league table of equity offerings, with the private lender being the manager to 43 issues in FY24, a year when companies raised about ₹2.9 trillion through a total of 400 issuances.

Foreign funds' gross purchases top Rs 4 lakh crore in March, a record
 By even the most generous of measures, $50 billion happens to be a lot of money - especially as a monthly shopping budget.

Stick to planned allocation, no asset class merits going overboard: Shanker
Even as valuations in the small and midcap space have stretched, ASHISH SHANKER, managing director and chief executive officer of Motilal Oswal Private Wealth, has been advising clients to prefer largecap and flexicap funds for incremental investment. In an interaction with Abhishek Kumar, Shanker discusses how the wealth management firm is rebalancing client portfolios and scaling back small and midcap allocations to desired levels.

Edited excerpts

CARE raises PNB Housing Finance’s debt rating to AA+, outlook stable
Mumbai: PNB Housing Finance’s ratings have been upgraded to Asian Age from AA by CARE Ratings with a ‘stable’ outlook from ‘positive’, due to its improving asset quality and strong market position. The ratings upgrade is applicable to a range of facilities and debt instruments, including its long-term and short-term bank facilities, bonds, non-convertible bonds, tier-2 bonds, and fixed deposits.

Paytm employees stare at 'voluntary resignations', firm denies layoff buzz
 

For brokers worried over currency derivatives, clarity may be on way
Mumbai: Clarity is on cards for exchange-traded currency derivatives (ETCD), after a central bank circular limiting their use to hedging sparked panic. The Securities and Exchange Board of India (Sebi) is examining representations from broker associations, and a clarificatory circular from either Sebi or stock exchanges is expected as early as Monday, two people familiar with the development said.

Mid- and small-cap correction likely over, froth cleared: HDFC Securities' Relli
Although many suggest that large caps are a safer choice currently, Dhiraj Relli, MD & CEO of HDFC Securities, contends that the excess speculation has been tempered, and the correction necessary for mid and small caps has mostly taken place. There may still be potential for a further 5-10% decline, he said.

Monthly SIPs, gift fund & more: Edelweiss' Radhika Gupta's guide to investment plans for children
With the rising expenses of higher education in India, financial planning for parents has become a priority, in order to provide quality education for their children. Early planning in terms of where to allocate your funds for children gives more time to consider different investment avenues and develop a reliable investment strategy.

Mutual funds: ₹1 lakh invested in this Tata scheme at inception would have grown to over ₹41 lakh now
Investing in a mutual fund is considered a prudent way of creating wealth in a consistent way. The key reason behind this is compounding which allows small investment to grow multiple times over a long period of time.

Best mutual funds: These hybrid funds gave over 30 percent return in fiscal 2024. Check details
As the financial year comes to a close, investors can be seen examining the returns delivered by their mutual fund unit assets in the past one year. While the investors who invested into key benchmark index must be laughing their way to the bank as Nifty50 gave a handsome return of 30 percent in fiscal 2024, investors of mutual funds are not far behind.

FPIs make remarkable comeback; infuse ₹2 lakh crore in equities in FY24
New Delhi: Foreign investors made a strong return by injecting more than ₹2 lakh crore into Indian equities in 2023-24, driven by optimism surrounding the country's robust economic fundamentals amidst a challenging global environment.

Jaiprakash Associates plans to restructure bonds worth $120 million
In February, the debt-ridden company had announced plans to restructure these bonds.