Just 4-5 weeks away, the HDFC-HDFC Bank Ltd merger will result in a lower net interest margin (NIM) for the institution this year, brokerages said on Thursday, the day after management met with analysts. According to a study by Nomura analysts, the bank forecasts NIM, a crucial profitability metric, to decline as a result of…
The Reserve Bank of India, the pilot for the wholesale use of the digital rupee will start on Tuesday. The trial would involve using the digital rupee to settle secondary trades in government securities, which should improve the efficiency of the interbank market. Settlement in central bank money would lower transaction costs by avoiding the…
Markets saw a volatile day of trading as the pendulum swung. Both the Bank Nifty and the Nifty index closed around their highs, recovering their first-half losses in the second half of trading. Shares of the bank topped the list with shares such as SBI, ICICI Bank, and HDFC Bank. The Nifty PSU Bank Index…
However, markets extended their losses at a slower pace after the RBI left the policy repo rate unchanged for the sixth time in a row. Bank stocks appeared to be the best bears of the day and weighed in on the FMCG Index heavyweights. The Nifty 50 dropped its record high profit. At 12.35 pm,…
Bank stocks are more focused than the Reserve Bank’s monetary policy. Moreover, a slight surge in credit growth, along with market experts, has given the bull markets a boost in banking and financial stocks – which has increased investor appetite for these stocks. The ‘situation’ with the ‘accommodation position’ at the Reserve Bank is expected…
The following is an estimate of India’s key formulaNSE’s move to change the method of calculation and declineIn the market last month. Nifty Earnings (PE)Rate is a popular valuation measure based on 12-month earningsIt fell nearly 20% to 33.5 from 41060 in March. The NSE decided to consider consolidated returns to calculate the PE ratiofrom…
