RBI POLICY UPDATES
Sensex ends 747 points higher, Nifty tops 25,000 after RBI's jumbo 50 bps rate cut
Stock Market Today: Indian stock markets rebounded following the Reserve Bank of India's decision to lower the repo rate. Banking and auto sectors saw significant gains. Sensex and Nifty both experienced positive movement. Asian markets also showed positive trends, influenced by developments in US-China trade talks. Foreign Institutional Investors continued selling, while Domestic Institutional Investors remained buyers.
RBI MPC meeting: When and where to watch Sanjay Malhotra & Co's announcements?
The RBI's Monetary Policy Committee, led by Governor Sanjay Malhotra, is expected to announce its decision on Friday, June 6, potentially cutting the repo rate by 25 basis points to 5.75%. This move aims to bolster domestic growth amidst easing inflation, marking the third consecutive rate reduction. Some anticipate a deeper cut to further stimulate economic activity.
Axis Bank revises ATM transaction fees effective July 1, 2025: Check revised charges
Axis Bank is updating its ATM transaction fees starting July 1, 2025, increasing charges for transactions exceeding free limits. This change impacts savings, NRI, and trust accounts, aligning with RBI's revised ATM interchange fee guidelines effective May 1, 2025.
RBI policy, FII action among 7 factors to impact D-Street this week
Indian markets closed cautiously, consolidating for the second week amid global trade tensions and anticipation of domestic policy announcements. The RBI's upcoming MPC meeting on June 6 is crucial, with its rate stance expected to significantly influence market direction.
UPSC makes important changes to application process for all exams: Check the new four-part structure and new website
The UPSC has launched a new online application portal with a four-part structure to streamline the registration process for all future examinations. This system allows candidates to complete common information sections in advance, saving time and preventing last-minute congestion. The previous OTR module is discontinued, and applicants are advised to use their Aadhaar card for ID verification.
Ola Electric’s Q4 losses double; Walmart on quick comm
Ola Electric’s troubles compounded with net loss increasing two-fold in the March quarter. This and more in today’s ETtech Top 5.
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India’s early monsoon relief comes with a price tag — and it’s rising
India's early monsoon, the earliest since 2009, brings both relief and economic concerns. While the rains offer respite from summer heat, they threaten to disrupt supply chains and inflate prices, particularly for essential vegetables like onions and tomatoes.
HDFC Bank, ICICI Bank, Shriram Finance: Will big boys of banking, NBFCs be leaders in the next rally?
Looking at the short-term price movement of a stock is neither a foolproof way nor a fundamental way to decide whether the worst is over for that stock. But in certain circumstances, it is perhaps the best way. It provides the first indication that the stock has a high probability of regaining lost glory. Some of the big boys of the financial sector are showing a similar trend. Now, fundamentally, these stocks have a proven track record but have been going through a period of value readjustment. And that phase seems to be over.
‘On rates, it’s status quo or cuts; concerned about banks’ mis-selling of insurance’: RBI governor Sanjay Malhotra
RBI Governor Sanjay Malhotra emphasizes India's economic resilience and commitment to managing rupee volatility without targeting specific rates. He highlights the importance of real interest rates for depositors and the central bank's focus on customer protection and cybersecurity. The governor also addresses concerns about UPI concentration and governance lapses in banks.
Fintechs lose loan steam; Google’s AI platform shift
Happy Wednesday! Digital lenders bore the brunt of the slowdown in unsecured lending after a regulatory diktat last fiscal. This and more in today’s ETtech Morning Dispatch.
DGFT notification on precious metal trade ensures consistency between customs duties and import regulations: GTRI
The DGFT has issued a notification aligning import regulations with the Union Budget 2025, targeting precious metals. This aims to eliminate loopholes exploited by importers, particularly concerning platinum alloys and gold disguised as such. The changes include new HS codes, import restrictions for silver and gold, and designated import channels, enhancing transparency and preventing trade agreement misuse.
Moody's sees risks from Indo-Pak tensions after cutting India's GDP growth forecast to 6.3% for 2025
Moody's Ratings has revised India's GDP growth forecast for 2025 downward to 6.3% due to anticipated global economic slowdown driven by US policy uncertainties and trade restrictions. Geopolitical tensions, including those between India and Pakistan, pose further downside risks. While India's 2026 growth projection remains at 6.5%, global trade and investment are expected to be dampened by these factors.
RBI announces portfolios for deputy governors: Here's who handles what
Reserve Bank of India revealed the updated responsibilities for its four deputy governors. M Rajeshwar Rao will handle regulations and enforcement. T Rabi Sankar is assigned operational and tech portfolios. Swaminathan Janakiraman will focus on supervision and consumer protection. Poonam Gupta will take charge of macroeconomic policy and communication.
Home loan interest rates are falling: Check the latest home loan rates offered by SBI, HDFC Bank, ICICI Bank, PNB, Canara Bank
PHome loan borrowers whose loans are linked to the latest floating rate interest regime EBLR, will see a change in their Equated Monthly Installments (EMIs). Here's a quick comparison of the latest home loan rates from top banks including HDFC Bank, SBI, Bank of Baroda, Canara Bank, and others.
Reaction to Bajaj Finance and Shriram Finance an opportunity? 6 stocks in the financial sector with upside potential of over 30%
Headlines in the last two days were all about two long-term wealth creators witnessing a sharp decline because their Q4 numbers were below estimates. The headlines don’t tell us why. Nor do they tell us that these stocks were outperformers in the last three months of correction. So, some profit-booking is only to be expected. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
From ATM fees to FD rates: Key financial changes effective May 1, 2025
Starting May 1, 2025, significant financial changes will impact banking, including revised ATM charges and deposit interest rates. The 'One State-One RRB' initiative consolidates regional rural banks to improve efficiency. RBI and NPCI have approved revised ATM interchange fees, while Shivalik Small Finance Bank, IDFC FIRST Bank, and RBL Bank have updated their savings and fixed deposit interest rates.
India's economic growth outlook unchanged, poised to outperform global growth despite risks: Lakshmi Iyer
Lakshmi Iyer of Kotak Investment Advisors discusses India's inward-focused economic strategy, fueled by rising rural and urban consumption and supported by the BFSI sector. Despite global growth concerns and fluctuating dollar dynamics, India's bond market remains attractive due to domestic institutional support and potential US rate cuts, with impending global index inclusions further bolstering bond yields.
Gold hovers around Rs 1 lakh ahead of Akshaya Tritiya on April 30: Check 22K gold prices today of Malabar Gold, Joyalukkas, Kalyan Jewellers, Tanishq
Gold prices in India briefly crossed Rs 1 lakh for the first time on April 22, thanks to demand fuelled by global economic uncertainty, persistent inflationary pressures, and increased investor interest in safe-haven buying.
US tariffs likely to hit India's growth directly by as much as 0.5% points, says FinMin Secy
India is actively pursuing a trade agreement with the United States, even as the potential impact of US tariffs on India's GDP growth is estimated to be between 0.2% and 0.5%. Finance Secretary Seth anticipates the Indian economy to expand by approximately 6.5% this fiscal year. The Reserve Bank of India has also projected a 6.5% growth.
India's growth aim cuts do not throw it out of 'fastest growing economy' race
Despite downward revisions from global financial institutions like the IMF and World Bank, India is expected to maintain its position as the fastest-growing major economy. Projections for India’s GDP growth in 2025-26 range between 6.2 per cent and 6.7 per cent. These revisions reflect a broader global economic slowdown, sluggish recovery in China, and U.S. trade policy changes.
Goldman Sachs revises banking sector outlook, expects 10-12% credit growth, better profitability: Rahul Jain
Goldman Sachs has shifted its outlook on the Indian banking sector from cautious to optimistic, anticipating improved profitability driven by peaking credit costs and well-absorbed margin impacts from RBI rate cuts. While Q4 earnings have been promising, the sector's credit growth, expected to be around 10-12%, remains a key factor to monitor, contingent on GDP growth.
India to slow but lead world: IMF
The IMF has lowered India's FY26 growth forecast to 6.2% due to trade tensions and US tariffs, while still projecting India as the fastest-growing economy. Global growth for 2025 is also reduced to 2.8%. Despite this, India's 2025 outlook remains stable, supported by private consumption. Inflation is expected to decrease to 4.2% in FY26 and 4.1% in FY27.
HDFC, ICICI, Axis Bank, Bajaj finance, Shriram Finance: Will the Big Boys return to wealth creation?
You may not have noticed this, but the Big Boys of banking and the NBFC space like HDFC, ICICI, Axis Bank, or Bajaj Finance are all doing well. Just look at their performance in four of the last six months. They have been outperforming a strong bearish market. Why is this significant? Because this performance has to be seen in light of what they did between October 2021 and November 2024. It was a period during which they did nothing, except in the case of ICICI Bank which was able to relatively outperform its peers. The million dollar question now is: Will the Big Boys return to creating wealth as they used to?
Experience and energy: Time to have both in your portfolio. 6 stocks which fit the bill with upside potential ranging from 10 to 37%
What do the words ‘experience’ and ‘energy’ in our headline mean? The experience of witnessing many economic cycles; and the energy to use tech to not only cut down the cost of doing business, but also to maintain the quality of the loan book. Yes, some businesses reach a stage where both are required. But we know what happens when a company only has energy and focuses on a “grow fast” strategy, but does not have the experience to pull it off. There are several such companies; but Paytm fits the bill as well.
RBI’s second rate cut signals game on: What it means for stock market investors
The RBI cut repo rates by 25 bps to 6% and shifted to an accommodative stance, signalling more cuts ahead to support growth amid global uncertainty. Markets were subdued; gold loan NBFCs fell on tighter norms. Experts expect further easing to boost demand, though transmission may take time.
RBI MPC meeting at a glance: Your one-stop guide for all key decisions
The Reserve Bank of India has reduced the repo rate. The new rate is now 6%. Governor Sanjay Malhotra led the Monetary Policy Committee. The RBI also changed its stance. It is now 'accommodative'. This signals potential support for economic growth. The decision occurs amidst global economic uncertainties.
RBI MPC Meet Highlights: From repo rate to GDP growth, key numbers in focus
RBI MPC Meet Highlights: Led by Sanjay Malhotra, the RBI's MPC is anticipated to cut the repo rate by 25 bps and shift to an 'accommodative' stance, aiming to bolster economic growth amid subdued inflation. This decision follows a previous rate cut and CRR reduction to enhance liquidity.
From UPI transaction limit to gold loans: Six measures announced by RBI for banks, fintechs
RBI Governor Sanjay Malhotra unveiled six measures for banks and fintechs, including enabling securitization of stressed assets and extending co-lending guidelines. The RBI will also harmonize regulations for gold loans and non-fund-based facilities. Transaction limits for UPI may be revised by NPCI, while P2P transactions remain capped.
RBI MPC cuts repo rate by 25 bps to 6% amid market uncertainty, tariff turmoil; shifts to accommodative stance
RBI MPC 2025 Repo Rate Change: The Reserve Bank of India (RBI) has reduced the repo rate to 6.0% from 6.25%, marking the second consecutive cut under Governor Sanjay Malhotra. This decision, driven by softer inflation and easing oil prices, aims to support India's economic growth amidst pressures like US tariffs.
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