India’s banks spent most of the last decade out in the wilderness, as a punishment for the lax underwriting standards on their corporate loans. Now they have regained their health, restored profitability and reestablished investors’ trust. The benchmark Nifty Bank Index is close to an all-time high. With everything going well, the lenders should be turning cautious. But recent full-year results show an opposite trend: Provisions for future loan losses are beginning to decline. This may not be prudent.
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Digital Gold Firm Plans Metal Leasing for India’s Jewelers
Digital Gold Firm Plans: After giving Indians the option to buy gold online for as little as 10 rupees (12 cents), digital gold provider SafeGold is planning to let its customers lease their metal to credit-starved small jewelers.
Gold Consumption Highest Among Indian Middle-Income Group
Weddings were the primary reason for buying gold, with 43 per cent of the Indian households surveyed buying the yellow metal for this purpose.
Buy State Bank of India For Target Price Rs 535 | Neal Bhai Reports
Is it good time to buy SBI shares? – Buy call on State Bank of India with a target price of Rs 537. The current market price of State Bank of India is Rs 508.60.
Dollar Dips, Gold Climbs; Stocks Hold Near Record: Markets Wrap
The dollar slipped and global stocks held near a record as trading got underway in Asia on Monday. Gold and Treasury yields climbed.
HDFC 1140 TO 1126 & MUTHOOTFIN 1187 TO 1181 – Neal Bhai Reports
HDFC 1140 TO 1126 & MUTHOOTFIN 1187 TO 1181 – Neal Bhai Reports
CASH — SELL HDFC 1142 TRG 1115—1085 SL PAID
CASH — SELL HDFC 1142 TRG 1115—1085 SL PAID, HDFC: The mortgage lender has said the individual loan business has seen improvement in the second quarter, a sign that business is reverting to pre-covid levels.
HDFC 1755 to 1796 And BANKNIFTY 21400 CE 340 to 694 Boom Boom
HDFC 1755 to 1796 And BANKNIFTY 21400 CE 340 to 694 Boom Boom
“With the worst of the NBFC crisis now behind for the sector especially concerning the liability side, we see strong franchises like HDFC to be key beneficiaries going forward,” said JM Financial.
BUY HDFC 1755 TRG 1770-1800-1840 SL PAID – NEAL BHAI REPORTS
BUY HDFC 1755 TRG 1770-1800-1840 SL PAID – NEAL BHAI REPORTS
The Argument for Negative Interest Rates in the US has Strengthened, Goldman says — But the Fed Remains Opposed
The bank said that a deep and prolonged recession would warrant negative interest rates, as asset purchases and forward guidance from the Fed would likely not “fill the gap,” unless it started to buy risky assets like stocks. The argument for cutting interest rates below zero is the same as …