DOMESTIC LENDERS
World Bank predicts India dhoom amid global gloom
The World Bank has revised India's FY26 growth forecast downward to 6.3%, citing weaker exports and rising global trade barriers, although India remains a fast-growing economy. Despite this, the RBI maintains a 6.5% growth projection for FY26. Globally, growth is expected to slow, impacting the South Asian region.
Sensex off to a choppy start, Nifty tests 25,100; bank stocks top drags
Stock Market Today: Domestic benchmark indices showed a mixed trend in early trade on Tuesday. Weakness in banking and FMCG stocks was offset by buying interest in IT, metal, and auto sectors.
Despite soaring debt signal in Economic Survey, Pakistan defence budget may shoot
Pakistan's external debt has surged to $87.4 billion, compelling the nation to allocate over 1.9% of its GDP for debt servicing, with China as the primary lender. Despite this financial strain, Pakistan is anticipated to significantly increase its defense budget, even after a substantial rise last year, particularly after recent conflicts with India.
Next biggest opportunity will be thrown up by manufacturing in India: Mihir Vora
Mihir Vora of Trust Mutual Fund highlights India's manufacturing potential, driven by technology adoption and untapped resources. He favors domestic-focused sectors like financials and industrials, while being cautious on healthcare due to uncertainties. Vora sees significant opportunities in automation, robotics, and AI, anticipating a rise in listed companies in these areas.
Mizuho to acquire Avendus from KKR at $700 million valuation
Mizuho Financial Group is set to acquire KKR-backed Avendus Capital for $700 mn, marking Mizuho's largest investment in India. The deal involves KKR's exit and will give Mizuho up to 70% ownership. Avendus founders, excluding Ranu Vohra, will remain invested and manage the company, continuing its operations across financial services in India, the US, and Singapore.
RBI’s unexpectedly deep rate cut and the road ahead
The RBI’s sharper-than-expected 50 bps rate cut and 100 bps CRR reduction aim to boost credit growth and economic activity amid subdued inflation. With a shift to a neutral stance, the central bank signals flexibility to either pause or ease further depending on future data, offering tactical opportunities across rate-sensitive sectors.
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RBI's 'unanticipated surprise' move to cut repo rate will boost credit growth: Bankers
Bankers in Mumbai welcome the RBI's rate cut and reduced cash reserve ratio. They believe these actions will boost credit growth. SBI Chairman CS Setty calls the policy innovative and a surprise. PNB's Ashok Chandra sees it as forward-looking, supporting growth and stability.
RBI’s bazooka sends Sensex, Nifty soaring. What does it mean for stock market investors
Markets rallied sharply on Friday after RBI Governor Sanjay Malhotra unveiled a surprise 50 bps rate cut and a Rs 2.5 lakh crore liquidity boost via a 100 bps CRR cut. The Sensex surged over 700 points, while Nifty Bank hit a record high. The MPC also shifted its stance to "neutral," signaling limited room for further rate cuts.
Growth tops RBI agenda as outsized repo, CRR cuts buoy banks
In a surprise move, the Reserve Bank of India (RBI) slashed the policy rate to 5.5% and reduced the cash reserve ratio (CRR) to 3%, injecting ₹2.5 lakh crore into the banking system. Governor Sanjay Malhotra emphasized boosting growth, supported by a 5-1 vote from the Monetary Policy Committee (MPC).
Why RBI will hit a hattrick of 25 bps rate cut tomorrow
Despite global economic uncertainties, India's economy shows resilience with a 7.4% growth in Q4 FY25. The RBI, supported by benign inflation and moderate growth, is expected to cut the repo rate by 25 bps to 5.75% in June. This move aims to boost economic activity, encourage borrowing and investment, and foster job creation, marking the third consecutive rate cut.
Auto Q4FY25 Wrap: Two-wheelers lead PAT surge with TVS Motor, Eicher in front; top 13 counters to buy
The Indian auto sector saw varied results in Q4FY25. Two-wheeler companies performed well. Some vehicle makers did better than others. Tyre and auto parts companies faced profit declines. Tata Motors, Apollo Tyres, and Tube Investments struggled. TVS Motor, Eicher Motors, and Bajaj Auto showed strong growth. Overall, vehicle makers outperformed component suppliers. Maruti Suzuki and Mahindra are stocks to buy.
YES Bank shares in focus after board clears plan to raise Rs 16,000 crore in equity and debt
YES Bank's board has approved a fundraising plan of up to Rs 16,000 crore for FY26, involving both equity and debt instruments across domestic and international markets. As part of its partnership with SMBC, YES Bank will amend its Articles of Association to facilitate SMBC's increased stake.
Result season was better than expected; BFSI beneficiary on multiple fronts: Krishna Sanghavi
Indian companies have reported better-than-expected earnings, with growth spread across various sectors like energy and BFSI. Tariff clarity and global capital flows are crucial for future growth. BFSI benefits from double-digit nominal GDP growth, strong credit demand, and increased domestic savings boosting capital markets. Company-specific performance remains key in the Indian market.
Yes Bank secures board approval to raise Rs 15,000 crore in equity and debt capital
Yes Bank's board has approved a plan to raise funds. The bank aims to secure ₹7,500 crore through equity and ₹8,500 crore via debt instruments in fiscal year 2026. This fundraising will occur in stages, both domestically and internationally. Sumitomo Mitsui Banking Corporation will increase its stake in Yes Bank.
ADB approves $800 million package for Pakistan
The Asian Development Bank (ADB) has approved an $800 million financing package for Pakistan to bolster fiscal sustainability and enhance public financial management. This includes a $300 million policy-based loan and a $500 million program-based guarantee, expected to mobilize up to $1 billion from commercial banks. The program aims to improve tax policy, administration, and compliance, fostering sustainable growth.
Domestic economic conditions to support growth, help preserve banks' asset quality: Moody's
Moody's Ratings anticipates India's supportive domestic economic conditions will bolster growth, enabling banks to maintain asset quality. The systemwide nonperforming loan (NPL) ratio is expected to remain between 2-3 per cent over the next 12 months. While wholesale loan quality remains healthy, unsecured retail loans are projected to exhibit weaker performance in the coming quarters.
India considers easing bank ownership rules as foreign interest grows
India's banking regulator is considering easing foreign ownership rules to attract more long-term capital and facilitate acquisitions, driven by strong economic growth and the need for increased banking capital. The Reserve Bank of India is reviewing shareholding and licensing rules, potentially allowing regulated financial institutions to own larger stakes on a case-by-case basis.
HDFC Bank credit card rules changing from July 1, 2025: New charges on rent, gaming, and reward limits
HDFC Bank is set to implement changes to its credit card fee structure and rewards program starting July 1, 2025. New charges will apply to rent payments, online gaming, and wallet loading, while reward point accrual for insurance transactions will be capped based on the card type.
Railways stocks: Time to be contrarian; will bearish analysts go wrong again? 6 stocks, 2 with buy recos, 4 with sell recos
In the stock market, you can expect great rewards only if you take risks. So, is it time to risk investing in railways-related stocks? These stocks did very well up to July 2024 and have since been underperforming. Will they make a sharp comeback, as defence stocks did? Before deciding on whether to buy, sell, or hold railways stocks, let’s consider the bull and bear cases, not so much for the stocks themselves, but for the real business of the companies involved in the railways sector.
Outdated risk, renewed opportunities: A case for acquisition financing
India's financial landscape has evolved significantly, making the old restrictions on acquisition financing by banks outdated. Lifting these restrictions would allow Indian banks to participate in the growing M&A market, fostering transparency and boosting the competitiveness of Indian companies. This move aligns with the country's economic progress and strengthens its position in the global arena.
Interest rates, dollar sales boost RBI income by 27%
RBI's FY25 net income surged by 27% due to higher global interest rates and dollar sales, enabling a record surplus transfer to the government. Increased returns from foreign currency assets and forex transactions significantly contributed to this rise. The central bank also strategically increased its gold holdings to bolster its asset mix and manage risks.
IndusInd fiasco robs yen magic in NRI deposits
Following the IndusInd situation, the RBI is scrutinizing special Japanese yen (JPY) deposits, which offered high returns to NRIs. Banks attracted deposits by selling JPY forward, but the RBI is now urging them to align rates with the market. Yes Bank has already significantly lowered its JPY deposit rates, signaling a shift in strategy.
Indian firms shifting focus to domestic market because of trade wars: Survey
Amidst ongoing tariff wars, a survey reveals that a significant majority of Indian businesses are prioritizing domestic markets to ensure stability. Companies are reassessing long-term strategies and exercising caution in expansion plans due to trade-related uncertainties. Many are exploring new markets and strategic partnerships to mitigate risks and capitalize on emerging opportunities, anticipating a rise in costs.
AU Small Finance Bank buys commercial tower in Mumbai’s Bandra for Rs 371 cr
AU Small Finance Bank has made a significant move by acquiring an entire commercial tower in Mumbai for over Rs 371 crore. This purchase from Earth Worth Constructions marks the largest outright office deal by a financial institution this year. The bank intends to establish its corporate office in the 11-story property, previously leased by UPL Ltd.
China’s loans bite back: 75 poorest and most vulnerable nations need to pay $22 bn
China is putting growing financial pressure on developing countries, as debt repayments hit record levels. In 2025, these countries are expected to pay USD 35 billion to China, USD 22 billion of that from the world's 75 poorest and most vulnerable nations. Most of these payments are for loans taken under China's Belt and Road Initiative during the 2010s.
Why are late-stage startups relying on private credit before their IPOs?
Late-stage Indian startups like InMobi, Zepto, and Zetwerk are increasingly securing private credit before their IPOs. This strategy allows them to buy out early investors, streamline their capital structures, and potentially increase valuations. These deals, typically costing 14-18% annually, are repaid from IPO proceeds, offering private credit funds downside protection and equity upside potential as companies prepare for public listings.
RBI mulls sub-7 day term deposit
The Reserve Bank of India is considering allowing banks to offer term deposits with tenures shorter than seven days, seeking feedback from banks amidst concerns over slowing deposit growth. While some banks see this as a way to boost liquidity and attract deposits, others worry about potential asset-liability mismatches and limited lending opportunities for such short-term funds.
Saurabh Mukherjea says his portfolio ready to climb walls of worry, backed by 3 factors
Despite macroeconomic turbulence and global tariff tensions, Saurabh Mukherjea remains bullish on his Marcellus portfolios. Backed by valuation discipline, high-quality stocks, and ample cash reserves, his CCP strategy targets uncorrelated businesses with strong moats. As market growth slows, Mukherjea sees opportunity in select value plays and resilient earnings, trimming underperformers and holding cash for tactical entry points.
Sensex slumps 800 points, Nifty below 24,600 as global sentiment sours
Indian benchmark equity indices experienced a decline on Thursday, influenced by banking and IT sector downturns. This downturn mirrors global investor apprehension stemming from U.S. fiscal uncertainties and escalating Treasury yields. The decline follows Moody's recent downgrade of the United States' credit rating, further contributing to fragile market sentiment and capital outflows from emerging markets like India.
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