Rating agency, Icra has estimated that the overall securitisation volumes, originated mainly by financial institutions, stood at around Rs. 45,000 crore in Q1 FY2025, reflecting a reduction of ~20% over Q1 FY2024….
KPMG India appoints Reena Wahi as Partner
KPMG in India has appointed Reena Wahi as Partner and Head of People, Performance and Culture (PPC) of the firm. She will be based out of Mumbai. In this role, Reena will lead KPMG in…
Budget 2025: Government likely to curtail FY2025 fiscal deficit at 4.9%-5%, says Icra
Rating agency ICRA estimates the Government’s revenue receipts to witness an upward revision of Rs. 1.2 trillion in the upcoming union budget. Also, the government is likely to peg a relatively shallower…
HDFC Bank’s Stock Dips on Soft Business Performance
Early on Friday, HDFC Bank saw its shares decline by more than 3% following a lackluster business update for the first quarter. The bank reported a decrease in both advances and deposits…
Sensex closes above 80,000, Nifty ends above 24,300 mark
The Sensex closed above the 80,000 mark for the first time on July 4, marking a historic milestone, while the Nifty 50 also ended the day above 24,300 points. Despite opening higher,…
Kotak Group Fund Denies Knowledge of Hindenburg’s Investor Partnership
Kotak Mahindra Group has stated that Hindenburg Research was never a client of Kotak Group’s K-India Opportunities Fund (KIOF) or Kotak Mahindra International Ltd (KMIL) and that they were unaware of any…
Now Hindenburg says Kotak Bank created fund used by investor to short Adani stocks
On July 2, Hindenburg Research said Kotak Mahindra Bank and brokerage firms founded by Uday Kotak created and managed the offshore fund structure used by Hindenburg’s investor partner to short Adani stocks….
Student Loans Are a Burden for Banks, But It’s Not Unexpected
Student loans have become a significant challenge for Indian banks. While banks are eager to lend to students, they struggle to get the money back. According to recent data from the Reserve…
India’s External Debt Rises to $663.8 Billion in FY24, Up $39.7 Billion from Previous Year: RBI Data
India’s external debt surged to $663.8 billion in FY24, marking a $39.7 billion increase from the previous year, according to data from the Reserve Bank of India (RBI). Despite the rise in…
C S Shetty set to become new SBI Chairman following FSIB recommendation
The Financial Services Institutions Bureau (FSIB) has recommended the name of Challa Sreenivasulu Setty, one of the managing directors of the State Bank of India (SBI), as the next Chairman of the…