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Market cap slide: India slips behind South Korea to 7th spot amid foreign outflows, lack of AI plays - The Indian Express
Market cap slide: India slips behind South Korea to 7th spot amid foreign outflows, lack of AI playsThe Indian Express
Indian Overseas Bank receives IFSCA approval for branch at GIFT City
The validity of the license is perpetual and subject to such terms and conditions as may be specified by IFSCA.
Explained: Why Indian stock market has fallen prey to South Korea, Taiwan’s AI prowess - The Economic Times
Explained: Why Indian stock market has fallen prey to South Korea, Taiwan’s AI prowessThe Economic Times
Explained: Why Indian stock market has fallen prey to South Korea, Taiwan’s AI prowess
South Korea's stock market has surged past India's, becoming the world's sixth-largest, driven by its semiconductor giants' AI boom. India faces headwinds from a weakening rupee and lack of AI exposure. Despite current challenges, Morgan Stanley remains optimistic about India's long-term growth prospects, citing improving earnings and macro support.
Indian stock market slips to 7th spot in global market-cap rankings as South Korea overtakes on AI-led rally - Mint
Indian stock market slips to 7th spot in global market-cap rankings as South Korea overtakes on AI-led rallyMint
South Korea pips India as 6th largest stock market on Samsung, SK Hynix AI boom - Should Indian investors worry? - Business Today
South Korea pips India as 6th largest stock market on Samsung, SK Hynix AI boom - Should Indian investors worry?Business Today
Rupee opens 7 paise lower at 95.06 against US dollar
The Indian rupee opened at 95.06 against the US dollar, weakened by crude oil price volatility and foreign investor selling. Despite nearly $25 billion in outflows, the rupee has remained stable due to central bank interventions. Market focus now shifts to RBI policy and US-Iran negotiations.
Nearly two-thirds of bank loans now priced below 9% as rate cuts bite
Indian banks are offering more loans at lower interest rates. Almost two-thirds of all bank credit now has rates below 9%. This shift follows a year of aggressive rate cuts. While credit growth is strong, banks' profit margins face pressure. Metropolitan areas and public sector banks lead lending. Agriculture and industrial credit also accelerated. Personal loan growth moderated.
Nearly two-thirds of bank loans now priced below 9% as rate cuts bite
Indian banks are offering more loans at lower interest rates. Almost two-thirds of all bank credit now has rates below 9%. This shift follows a year of aggressive rate cuts. While credit growth is strong, banks' profit margins face pressure. Metropolitan areas and public sector banks lead lending. Agriculture and industrial credit also accelerated. Personal loan growth moderated.
Two out of every three bank loans in India carry interest rates below 9%
Indian banks are witnessing a significant shift as nearly two-thirds of credit now carries sub-9% interest rates, a consequence of aggressive RBI rate cuts. This trend, while fueling robust credit growth across sectors, is pressuring banks' net interest margins. The household sector continues to drive borrowing, with personal loans seeing a notable moderation.
India remains a compelling investment destination, says BofA's Vikram Sahu
Vikram Sahu, India CEO and Country Executive at Bank of America, remains optimistic about the increasing participation of domestic investors in the equity market. He believes that higher incomes, broader access to financial products and a steady shift of household savings towards equities will continue to drive strong inflows into Indian markets over the long term.
South Korea’s export continues strong growth, backs central bank's hawkish stance
South Korea's exports surge over 60% in May on strong semiconductor demand, boosting GDP and trade surplus and backing Bank of Korea's hawkish stance and higher growth forecast