Indian corporate & retail borrowers may now have to pay a higher rate of #interest on their #loans as #banks have begun hiking the benchmark lending rates. π°
Here are the details π
https://www.moneycontrol.com/news/business/borrowers-may-have-to-shell-out-more-on-loans-as-banks-begin-to-hike-lending-rates-8384751.html?utm_source=telegram&utm_medium=social
Here are the details π
https://www.moneycontrol.com/news/business/borrowers-may-have-to-shell-out-more-on-loans-as-banks-begin-to-hike-lending-rates-8384751.html?utm_source=telegram&utm_medium=social
Moneycontrol
Borrowers may have to shell out more on loans as banks begin to hike lending rates
Multiple bankers and analysts Moneycontrol spoke to on April 20 said that loan pricing could go up by at least 25-50 basis points from current levels over the next two quarters as lenders have started hiking their marginal cost of fund-based lending ratesβ¦
#MCOpinion: The #inflation beast is out and on the prowl. And the results are there to see β Both the #Sensex and the #Nifty took a huge battering today. Are central #banks doing enough? Also on, ITC, Manappuram Finance and more. π
https://www.moneycontrol.com/news/opinion/moneycontrol-pro-panorama-move-over-bulls-bears-are-in-control-8540571.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/opinion/moneycontrol-pro-panorama-move-over-bulls-bears-are-in-control-8540571.html?utm_source=telegram&utm_medium=social
Moneycontrol
Moneycontrol Pro Panorama | Move over bulls, bears are in control
In todayβs edition of Moneycontrol Pro Panorama: Congress faces an acid test, Manappuram Financeβs losing sheen, ITC plays to its advantage, Start-up Street and more
The #MPC member speaks about the rate action in developed #markets and things that drive it, including PhD programmes of heads of central #banks.
This is the second of a two-part series. π
https://www.moneycontrol.com/news/business/economy/i-get-a-sense-that-the-greenspan-put-is-past-its-expiry-date-prof-jayanth-varma-8545921.html?utm_source=telegram&utm_medium=social
This is the second of a two-part series. π
https://www.moneycontrol.com/news/business/economy/i-get-a-sense-that-the-greenspan-put-is-past-its-expiry-date-prof-jayanth-varma-8545921.html?utm_source=telegram&utm_medium=social
Moneycontrol
I get a sense that the Greenspan put is past its expiry date: Prof Jayanth Varma
The MPC member speaks about the rate action in developed markets and things that drive it, including PhD programmes of heads of central banks. This is the second of a two-part series.
A study has found that the govt's consolidation of #PSBs cannot be explained on efficiency grounds and that the merger of these #banks was actually weakening the #banking system.
Read at π
https://www.moneycontrol.com/news/business/merger-of-govt-owned-lenders-weakening-banking-system-says-study-8546081.html?utm_source=telegram&utm_medium=social
Read at π
https://www.moneycontrol.com/news/business/merger-of-govt-owned-lenders-weakening-banking-system-says-study-8546081.html?utm_source=telegram&utm_medium=social
Moneycontrol
Merger of govt-owned lenders weakening banking system, says study
Taking the example of Oriental Bank of Commerce, the study found no economic reason for its merger with Punjab National Bank as the efficiency of the former was increasing ahead of the union in 2020.
#MCPersonalFinance: Here are small #financebanks & private #banks offering the best interest on three-year #FDs.
Take a look π
https://www.moneycontrol.com/news/photos/business/personal-finance/how-rbis-repo-rate-hike-has-pushed-small-finance-banks-and-private-banks-to-offer-as-high-as-7-on-three-year-fds-8503511.html?utm_source=telegram&utm_medium=social
Take a look π
https://www.moneycontrol.com/news/photos/business/personal-finance/how-rbis-repo-rate-hike-has-pushed-small-finance-banks-and-private-banks-to-offer-as-high-as-7-on-three-year-fds-8503511.html?utm_source=telegram&utm_medium=social
Moneycontrol
How RBI's repo rate hike has pushed small finance banks and private banks to offer as high as 7% on three-year FDs
Several banks have sharply hiked interest rates on fixed deposits across the tenures after the Reserve Bank of India raised repo rate by 40 basis points in this month.
Indian #banks are unlikely to cut back lending to #steel companies despite the likely near-term pressure on their balance sheets due to the govtβs recent #exportdutyhike.
Read the details π
https://www.moneycontrol.com/news/business/banks-may-not-cut-lending-to-steel-sector-despite-export-duty-hike-say-rating-agencies-8573541.html?utm_source=telegram&utm_medium=social
Read the details π
https://www.moneycontrol.com/news/business/banks-may-not-cut-lending-to-steel-sector-despite-export-duty-hike-say-rating-agencies-8573541.html?utm_source=telegram&utm_medium=social
Moneycontrol
Banks may not cut lending to steel sector despite export duty hike, say rating agencies
The government, on May 21, increased the duty on exports of iron ore to 50 percent from 30 percent and imposed 45 percent duty on pellets. It also imposed a 15 percent export duty on hot-rolled and cold-rolled steel products from nil earlier
Once bitten, twice shy. Yet, Indian banks are again gearing up to support the troubled power sector again.
Piyush Shukla writes for the #PowerShock series. β‘οΈ
Coming up today. #StayTuned! π₯
#Power #PowerCrisis #Electricity #CoalCrisis #Banks
Piyush Shukla writes for the #PowerShock series. β‘οΈ
Coming up today. #StayTuned! π₯
#Power #PowerCrisis #Electricity #CoalCrisis #Banks
To rescue the troubled #power sector, #banks are mulling providing priority funding to power plants that are functional but some loans of the generating company have turned non-performing. π¦
Piyush Shukla tells us more in our special series #PowerShock β‘οΈ
https://www.moneycontrol.com/news/business/banks/banks-come-to-the-rescue-of-the-power-sector-again-8610981.html?utm_source=telegram&utm_medium=social
Piyush Shukla tells us more in our special series #PowerShock β‘οΈ
https://www.moneycontrol.com/news/business/banks/banks-come-to-the-rescue-of-the-power-sector-again-8610981.html?utm_source=telegram&utm_medium=social
Moneycontrol
PowerShock | Banks come to the rescue of the power sector, again!
Banks are even thinking about providing priority funding to power plants that are functional but some loans of the generating company have turned non-performing
π₯ #TwitterSpacesAlert π₯
How #RBI's rate hike impacts #banks, #economy.
Join Piyush Shukla & Siddhi Nayak as they discuss this & more with our ace panel Rajani Sinha, Anil Gupta, & Ritesh Bhusari.
Tomorrow, 8 PM π
#StayTuned! π₯
How #RBI's rate hike impacts #banks, #economy.
Join Piyush Shukla & Siddhi Nayak as they discuss this & more with our ace panel Rajani Sinha, Anil Gupta, & Ritesh Bhusari.
Tomorrow, 8 PM π
#StayTuned! π₯
π₯ #TwitterSpacesAlert π₯
How #RBI's rate hike impacts #banks, #economy.
Join Piyush Shukla & Siddhi V Nayak as they discuss this & more with our ace panel Rajani Sinha, Anil Gupta, & Ritesh Bhusari.
Tomorrow, 8PM π
π: https://twitter.com/i/spaces/1YqGopvwdbEJv
How #RBI's rate hike impacts #banks, #economy.
Join Piyush Shukla & Siddhi V Nayak as they discuss this & more with our ace panel Rajani Sinha, Anil Gupta, & Ritesh Bhusari.
Tomorrow, 8PM π
π: https://twitter.com/i/spaces/1YqGopvwdbEJv