RBI likely to remain cautious on inflation
The market is broadly expecting that the RBI will maintain status quo on policy rates in the upcoming MPC (Monetary Policy Committee) meeting. However, the critical factor to watch out for is the indication given by the central bank regarding its future course of action.

AU SFB completes acquisition of Fincare SFB, integration to take 9-12 months
Mumbai: AU Small Finance Bank has completed the acquisition of Fincare Small Finance Bank, effective April 1, marking the first such merger among small finance banks. The merger will help AU SFB establish a robust pan-India retail banking franchise by leveraging complementary geographic footprints, diverse customer segments with a wider product offering and digital capabilities, the lender said in a release.

South Indian Bank, Karur Vysya Bank post double digit growth in deposits

The deposits of South Indian Bank grew by 11.21 per cent year-on-year (Y-o-Y) to Rs 1,01,929 crore from Rs 91,651 crore. Meanwhile, the deposits of Karur Vysya Bank rose by 16.28 per cent Y-o-Y to Rs 89,113 crore.

How some Axis Bank credit cards became fraud targets
It was at around 9 pm on Tuesday, 26 March, that Ajay Vasani’s phone buzzed a couple of times. He had just received two messages from the bank and froze when he saw the contents. These were two alerts for transactions of 150 New Zealand Dollars (NZD) for ‘Google services’ made using his Axis credit card. But, Vasani, a resident of Ahmedabad, had not subscribed to any such services, in New Zealand or elsewhere. He was quick to figure out that these were fraudulent transactions and immediately called the bank’s customer care helpline to get his credit card blocked.

Mint Explainer: How the health of Indian banks has improved over the past decade
Mumbai: On Monday Prime Minister Narendra Modi said the condition of Indian banks and the wider banking sector has improved significantly over the past 10 years, during which the National Democratic Alliance (NDA) has been in power.

MFI loan portfolio rises 21% to Rs 3.9 trillion
The loan portfolio of the microfinance industry rose 21% year-on-year(y-o-y) to Rs 3.9 trillion as on December 31, the latest report from self-regulatory organisation Sa-Dhan showed.The average ticket size of the microfinance loans rose 17% y-o-y to

ABCL gains over 10% as Macquarie initiates coverage with 'outperform' call

In its note, Macquarie said ABCL's lending non-banking finance (NBFC), housing finance company (HFC), and life insurance portfolio makes it an attractive proposition.

Tata AIA launches industry-first payment solutions on WhatsApp
In June 2023, Tata AIA introduced industry-first digital payment feature provides an instant premium payment facility through WhatsApp and UPI-enabled payment options.
 

A modest fee is all it will take to sustain the UPI ecosystem
It is hard to argue with the success of India’s Unified Payments Interface (UPI). With over 12 billion transactions processed each month, it is already, by an order of magnitude, the largest digital payment system by volume in the world. Given its consistently high rate of growth, National Payments Corporation of India’s (NPCI) stated ambition of crossing 1 billion daily transactions is looking more achievable with each passing month. Despite these truly impressive statistics, however, concerns continue to be raised about the long-term viability of its business model.

CoinSwitch parent forays into equity trading with Lemonn
New Delhi : New Delhi: CoinSwitch parent PeepalCo on Tuesday announced its first foray beyond cryptocurrencies, with the launch of its brokerage arm to offer equity trading.

Bitcoin is soaring this year. Goldman’s crypto skeptic isn’t biting.
A crypto enthusiast approached Sharmin Mossavar-Rahmani a couple of years ago, asking why she was so negative about digital currencies.

Adequate disclosure in MF small-cap schemes can send early warning signals
The capital market regulator SEBI had recently mandated routine stress tests to be conducted on small and mid-cap funds to highlight the potential liquidity risk associated with these funds when the markets come under pressure.

Birla Frontline equity fund delivers 16% CAGR in 20 years
Similarly, a lumpsum investment of ₹1 lakh would have grown to nearly ₹45 lakh in the same period at a CAGR of 19 per cent since inception. The open-ended fund was launched in August 2002 and follows growth at a reasonable price strategy. It has a bias towards blue-chip companies, with flexibility to invest in other better performing companies too.

Local MFs’ monthly equity bets at new peak
Domestic fund managers have been investing in equities at a record level amid sustained inflows ahead of the general elections unfazed by rising valuations and talks of froth in small-cap stocks, which are often considered as a forte for generating alpha, or benchmark beating returns. In March 2024, local funds invested net ₹45,298 crore in equities, the highest in a month ever, according to data from the Securities and Exchange Board of India (Sebi). It was three times of the past 12-month average investment of ₹15,184 crore by these funds in equities.
 

Mutual funds put in record ₹1.88-lakh cr in equities in FY24
Mutual funds have pumped in ₹1.88-lakh crore into equities in 2023-24, 8 per cent higher than the previous year and double the money put into equities five years ago. This compares with the ₹2.08-lakh crore put in by foreign portfolio investors in FY24. Steady flows from domestic institutional investors have increasingly supported the market in the past few years. Equity schemes saw ₹1.58-lakh crore by way of net flows in FY24 (excluding March). This is higher than all other years except FY18 when flows stood at ₹1.69 lakh crore.

We don't sense any significant nervousness among investors: Saion Mukherjee

There are expectations of a harsh summer this time around. Are equity investors, too, likely to sweat it out in the markets in 2024?
 

Adani Green plans $4-4.5 billion in overseas bond issuances over 4 years
Adani Green Energy intends to raise around $4-4.5 billion through overseas dollar bonds over the next three to four years to fund its expansion and reach its stated target of 45 GW renewable energy capacity by 2030, sources said. The company is effectively looking to raise around $1 billion a year, sources said.