RATIO
Banks' low-cost deposit share falls to 34.4% in Q2 as FCNR(B) inflows lift deposits: Report
Indian banks experienced a decline in low-cost deposits as the CASA ratio fell to 34.4%. Despite this, overall deposits saw a year-on-year growth of 16%, primarily driven by term deposits. Current account deposits also increased significantly, growing by 13.2% year-on-year. Banks relied on FCNR(B) deposits while liquidity conditions remained tight, leading to high certificate of deposit issuances.
Mufin Green Finance gets RBI licence to offer forex, remittance services
Mufin Green Finance has recently received an AD-II licence from the RBI, permitting it to offer forex services. This new licence enables the company to provide remittance services for medical treatments, education, and family maintenance. Mufin anticipates diversifying revenue streams through these fee-based services, reducing reliance on net interest income. The company's recent financial results indicate significant growth in profit and income.
How rising bond yields and interest rates are putting pressure on stock market valuations
Higher yields boost safer investments’ appeal, pressuring equity valuations despite earnings recovery. Equities are riskier than sovereign bonds. If a virtually risk-free government bond pays 7.4%, investors will not settle for the same return from volatile stocks they accepted when bonds yielded 5% or 6%.
US Stock Market today: S&P 500, Nasdaq fall ahead of Nvidia earnings report, Anthropic IPO. List of Wall Street stocks that rise on Friday
S&P 500, Nasdaq's losses came ahead of AI company Anthropic's much-anticipated IPO next week. Nvidia is scheduled to announce earnings report on next Tuesday, November 17.
Month after Kim Jong Un death rumours, North Korea makes historic flag change for first time in 78 years
North Korea has altered the proportions of its national flag, marking the first change in 78 years. The revised flag features an aspect ratio of 1:1.65, which is different from the former 1:2 ratio. This change reflects Kim Jong-un's effort to create a new national identity separate from previous leaders. Recent rumors about Kim's health have circulated online, prompting North Korea to share images of him at public events.
Reimagining tax compliance through trust
In 2025, the Income Tax Act sets the stage for a new paradigm in tax compliance within India. This legislation prioritizes transparent dialogue and collaboration between taxpayers and governmental bodies, aiming to restore trust and foster compliance. A comprehensive outreach strategy is set to engage diverse populations across the country. The effectiveness of this framework will rely on reinforcing the fiscal bond shared between the State and its citizens.
Senior citizen's ₹10 lakh health insurance policy cancelled despite disclosing pre-existing disease; here's why he fought and won
A 70-year-old doctor battled Care Health Insurance over the cancellation of his policy, which the insurer claimed was due to undisclosed pre-existing conditions. The Telangana Consumer Commission ultimately ruled in his favor, emphasizing the importance of following cancellation procedures and disclosing medical history accurately. This case highlights the delicate balance between insurer obligations and policyholder transparency.
Nvidia PE falls to 14-year low, but CEO exit and AI worries cloud the bargain
By one of Wall Street's favorite metrics, Nvidia shares look like a bargain. Following a steep drop from its October 6 record high, Nvidia's stock is trading at the equivalent of 12 times expected earnings.
SpaceX and Tesla merger: Could a $10,000 investment grow to $20,000 by 2030 or are investors paying too much?
A potential SpaceX-Tesla merger could combine satellite internet, electric vehicles and AI under one company. SpaceX brings 161% quarterly revenue growth, while Tesla contributes more than $100 billion in annual sales. But both stocks carry high valuations. For investors considering $10,000, the biggest question is whether future growth can justify today's expensive share prices.
Manappuram Finance Q2 results: Profit soars 77% YoY, but NPAs rise
Manappuram Finance posted a 77% year-on-year jump in standalone Q2 net profit to Rs 665 crore. Strong operating income and 92% gold loan growth boosted performance, while gross NPAs increased sequentially to 1.8%.
Govt plans special session of Parliament to pass women's quota amendment bill, confident of 15-18 vote margin
The government intends to call a special session of Parliament for passing a Constitution amendment bill. This proposed amendment aims to introduce 33 percent reservation for women in Parliament and state assemblies. The Lok Sabha's strength may increase from 543 to a maximum of 850 seats through delimitation. The government seeks to finalize details around seat ratios based on the 1971 Census.
New SIP registrations fall 20%, stoppage ratio climbs to 116% in October after 5-month decline
October witnessed a significant drop in new Systematic Investment Plans (SIPs), plunging by 20% compared to the previous month. A marked rise in the number of SIPs being discontinued or completed pushed the stoppage ratio over 100%. However, the strength of mutual fund inflows revealed a robust participation of investors. The steady year-on-year growth in SIP assets further emphasizes the sustained allure of these plans among the investing community.
Adani Ports can absorb proposed Evos acquisition costs: S&P
Adani Ports and Special Economic Zone intends to acquire Evos BV, a Netherlands-based liquid storage operator. The all-cash transaction, valued at 2.56 billion euros, emphasizes strategic international expansion. The acquisition aims to enhance Adani Ports' liquid portfolio with new-age transition fuels, reflecting its growth strategy. S&P Global Ratings predicts Evos could contribute 9 percent of Adani Ports' total EBITDA by fiscal 2029.
Tata AIG rejected ₹30 lakh accidental death claim citing alcohol consumption by the insured pensioner; here’s why family won the case
A family's claim for accidental death insurance was rejected by Tata AIG due to alleged alcohol influence at the time of an accident. However, the Tamil Nadu State Consumer Disputes Redressal Commission found significant evidentiary flaws in the insurer's case. The ruling mandated Tata AIG to compensate the family, highlighting the nuances of proving such exclusions in insurance claims.
Blackstone to invest Rs 5,000 crore in IIFL Finance for 16% stake as company raises Rs 6,414 crore
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Co-promoters Nirmal Jain and R Venkataraman will contribute Rs 1,264 crore through warrants, while Anchorage Capital will invest Rs 150 crore.
LIC expects limited impact from IRDAI's proposed commission cuts, cites lower expense ratio
Life Insurance Corporation of India is bracing for new changes set forth by the Insurance Regulatory and Development Authority of India. As it approaches an ownership transition, LIC is cutting its ties with IDBI Bank. The company is focused on fostering a varied distribution network while its executives express optimism about the effects of the reforms, which concentrate on reducing commissions and increasing policy affordability for consumers.
Stocks vs Gold: Which asset could create more wealth in the Samvat 2083?
At this moment, Indian equities present a more appealing investment than gold, with the Sensex-to-Gold ratio plummeting to historical lows. Samco Securities suggests that as we enter Samvat 2083, boosting equity investments while maintaining gold holdings could be wise. Historical patterns indicate that similar valuation scenarios have often resulted in substantial gains for Indian stocks.
Agri loans emerge as biggest asset quality risk for Indian banks
Agricultural loans in India are currently facing significant asset-quality risks, with bad-loan ratios surpassing other sectors. The gross non-performing asset ratio for agricultural loans is at 5.1%, compared to 1.5% for industry and services. Factors such as a poor monsoon have contributed to this situation, although agricultural bad loans have declined since 2020-21. Various banks have reported increased agricultural loan slippages but maintain a cautious outlook on borrower stress.
Niva Bupa Q2 YoY profit after tax soars 124%
Niva Bupa Health Insurance reported an impressive 124% year-on-year profit surge in the second quarter, leading to a profit after tax of ₹136 crore, up from ₹60 crore last year. The gross written premium also saw a substantial growth of 35%, totaling ₹2,484 crore this quarter. Notably, retail health premiums soared by 47% to ₹1,876 crore, while the company's expense ratio improved to 36.4% for the first half.
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