ANINDYA BANERJEE ANALYSIS
India in a 'sweet spot' amid oil volatility and currency dynamics: Kotak Neo's Anindya Banerjee
India is in a favourable economic position due to declining crude oil prices and increasing foreign investment inflows. The Indian rupee is currently undervalued, and there is potential for appreciation if geopolitical tensions ease. Expectations suggest one more interest rate hike from both the Federal Reserve and the Reserve Bank of India. Additionally, shifting global investment sentiment is favoring markets such as India beyond artificial intelligence stocks.
4x Return: How buying 1 gram of gold every Dhanteras for 21 years built wealth
Over the past 21 years, investing in gold and silver each Dhanteras has proven to be a wise strategy for wealth enhancement. An initial investment of Rs 76,246 in gold has appreciated to Rs 3,02,400, while silver investment has surged from Rs 1,05,329 to Rs 3,94,800. This trend underscores the importance of steadfast and systematic investing, yielding favorable results despite the ups and downs of the market.
FCNR bounty in Q2 masks bank issues in growing deposits
An analysis of 10 banks shows that reported deposit growth averaged 21.1% year-on-year during July-September. However, excluding the special foreign currency inflows, domestic deposit growth was estimated at just 12.2%-a massive gap of nearly nine percentage points.
Rupee sinks to new low at 92.63 as brent soars to near $110
The Indian rupee hit a new low against the US dollar. This happened after data revealed India paid a high premium for crude oil imports. Refiners and companies bought dollars to meet commitments. The Reserve Bank of India defended a key level but eventually allowed the rupee to fall. Further weakening is expected if oil prices remain high.
Rupee sinks to new low as soaring Brent nears $110
The Indian rupee hit a record low of 92.63 against the US dollar on Wednesday, driven by high crude oil import costs and corporate demand for dollars. Despite RBI's efforts to defend the 92.50 level, the rupee breached it following the release of oil premium data. Analysts anticipate further weakening if oil prices and geopolitical tensions persist.
Banks feel the pinch as CASA pool shrinks
As Indian banks grapple with dwindling low-cost CASA deposits, a growing number of savers are shifting their money into market-driven investments seeking higher returns. This shift compels banks to depend increasingly on pricier short-term borrowing methods, such as Certificates of Deposit, to sustain their lending activities.
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In a first in 14 years, PSU banks beat private ones in loan growth
ICICI Bank's price-to-book (P/B) ratio is currently around 3.5. In contrast, State Bank of India P/B is around 1.5, reflecting differing market perceptions of the two banks' growth prospects, profitability, and risk profiles.
Trump’s tariffs and global trade war to keep pressure on rupee: Anindya Banerjee
Now, as far as the economic impact of this is concerned, the budget has been quite fantastic as far as it focuses on growth, on reforms and also, it talks about the fiscal consolidation.
Rupee may find support at 87 as dollar index faces uncertainty ahead of Trump’s Policies: Anindya Banerjee
So, there is ample opportunity for RBI to intervene and RBI has to keep intervening because at least after the Trump administration comes in, the volatility in the currency can increase in case Donald Trump presses ahead with his America first policy, which can be ultra protectionist.
ICICI Bank to target self-employed, scale up its private banking to build deposit base
ICICI Bank plans to focus on the self-employed, private banking, and family offices to boost deposits. They saw potential in increasing client wallet share. The bank reported 15.1% growth in total deposits for the June quarter and is carefully monitoring risks, particularly in SME and unsecured segments.
Middle East war could push up the cost of 5G networking gear
Top bankers conceded that the latest military conflict in West Asia posed fresh headwinds for the domestic currency as global risk aversion had already increased safe-haven demand for the US dollar and weakened appetite for emerging market currencies such as the rupee. They, though, said the Reserve Bank of India (RBI) has been regularly intervening in the currency market through dollar sales from its reserves to curb excessive volatility.
Companies look to cover currency risk as rupee set to turn volatile
"Companies with overseas borrowings are increasingly covering their positions as any sudden drop in the rupee's value will raise their repayment liabilities amid uncertain time," said Bhaskar Panda, executive vice president at HDFC Bank.
Deal or no deal? UK, India businesses count costs as Britain braces for Brexit vote
Britain’s exit would shut India’s direct access to the EU markets.
Cut the politics, D-Street says cash ban was worth it & why!
The crackdown on shell companies intensified, especially after demonetisation.
Why the rupee hit 2-year high post RBI policy
Rupee gained about 0.60 per cent or 38 paisa to close at 63.70, the level last seen on July 23 two years ago. RBI is believed to have intervened to curb the local unit’s sharp rise, dealers said.
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