Descending Triangle breakdown on Nifty Bank index may see up to 5% decline
RBI MPC: Shaktikanta Das said that the repo rate hike of 25 bps is considered appropriate at this juncture but the monetary policy will remain agile to inflation
Need to see decisive decline in inflation, core inflation still sticky, says RBI governor
The impact will be short-term, and the boost in budgetary allocations towards infrastructure will keep the demand robust
At 11:00 am; Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services are trading almost flat, as against 0.58% rise in Nifty 50.
RBI monetary policy: In December, Das had said that despite consecutive rate hikes, core inflation had continued to remain 'sticky'
Stocks to Watch: Airtel reported a 91.5 per cent year-on-year rise in consolidated net profit; Adani Green Energy's consolidated net profit more than doubled to Rs 103 crore in Q3
Over the past 5-10 years, the probability of default would have been very high for the banking sector and that's why eventual ECL provisions could be higher
Financial markets in 2022 have remained volatile and edgy with the central banks globally in unison in a rate hike cycle
The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance
Non-promoter shareholding in the company exceeded the 10% ceiling prescribed for TReDS operators
'NBFCs need to be wary of rising borrowing costs as financial conditions tighten'
Gross NPA slips to 5%; regulator flags slippages from recast accounts
'Heartening to see banks increasing green exposure'
Governor Das said due to persistent core inflation, there is no room for complacency and the battle against inflation is not over
MPC minutes show Das saying that in a tightening cycle, especially in a world of high uncertainty, giving out explicit forward guidance on the future path of monetary policy would be counterproductive
According to analysts, the increase in the RBI's reserves is owing to revaluation as well as the central bank's purchases of the greenback as it looks to replenish the reserves
'We'll bring inflation down further for the sake of common people', said FM Nirmala Sitharaman
But they are unlikely to disrupt the securitisation market as such loans constituted only 5% of the total securitisation volume in H1FY23
RBI, following conventional wisdom, is guilty of wanting to show that it's doing something to bring down inflation while perhaps helping worsen it by slowing down efforts to increase capacity, output