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Stocks to watch: Lenskart, Central Bank , Meesho, Power Grid, among key stocks in focus on 11 June - Mint
Stocks to watch: Lenskart, Central Bank , Meesho, Power Grid, among key stocks in focus on 11 JuneMint
RBI issues draft CCR framework aligned with global standards
The Reserve Bank of India has released draft rules for banks. These rules cover how banks calculate risks from derivative deals. They also set capital needs for banks dealing with central counterparties. The guidelines aim to align with global standards. Feedback is open until July 2026. New rules start April 2027.
Gold and silver prices jump in India: Here's what's pushing them higher
Gold prices rise on MCX and COMEX as safe haven demand grows, analysts see strong central bank buying and forecast record highs amid global uncertainty.
Gold overtakes US treasuries as the world's top reserve asset. Here's why central banks are buying more bullion
Gold tops global reserves as ECB reports record central bank and Tether gold buying, highlighting geopolitics, sanctions risks and a shifting world order.
NZ dollar climbs as RBNZ indicates need to increase OCR sooner and by more than envisaged
The New Zealand dollar firmed up on Wednesday after the central bank left OCR rates unchanged and signaled possibility of further rate hikes in futures. The OCR will most likely need to increase sooner and by more than envisaged in the February Monetary Policy Statement, RBNZ said in the statement. The pace of OCR increases will depend on the relative influence of persistent wage- and price-setting behaviour versus weaker economic activity on medium-term inflation pressures, it further noted. The Committee remains focused on ensuring that increased costs do not lead to elevated inflation over the medium term, while avoiding unnecessary economic volatility. The central bank also noted that New Zealands trading partners are expected to see weaker growth and higher inflation as global economic backdrop remains uncertain. Reserve Bank of New Zealand kept its official cash rate unchanged at 2.25% as expected. New Zealand dollar climbed 0.70% to around $0.587 this morning.
RBI should start rate hike cycle as inflation risks rise, says Bandhan MF’s Suyash Choudhary
Average inflation forecasts are likely to move higher, and the RBI should begin the rate hike cycle to maintain its credibility as an inflation-focused central bank, according to Suyash Choudhary, CIO-Fixed Income at Bandhan Mutual Fund. However, he believes rate hikes alone may not immediately solve the problem. He said the RBI must avoid mixed messaging to prevent market uncertainty and added that a favourable mix of global factors — including lower oil prices, better foreign inflows, and a weaker dollar — could help improve the situation.
Institutional Investors Bid Over Rs 2,380 Crore In OFS For Central Bank Of India Shares, Oversubscribed More Than Twice
Retail investors and employees will be able to bid in the share sale offer on Monday.
Central Bank's OFS draws 1.28x subscription
The government's offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall subscription of 1.28 times. Institutional investors showed significant participation. Retail investors also placed bids for shares. The government aimed to divest up to an 8% stake in the bank.
Global Market Outlook: Inflation, War and AI keep investors on edge
Global markets face rising volatility amid Iran conflict, inflation fears, surging bond yields, central bank uncertainty and accelerating AI-driven disruption, keeping investors cautious as geopolitical tensions and economic risks intensify worldwide.
Central Bank of India OFS opens for retail investors today — All you need to know
Among public shareholders in Central Bank of India, Life Insurance Corporation of India (LIC) has a 3.26% stake, while over 7 lakh retail investors have a 3.42% stake.
Retail players can skip Central Bank of India OFS, say analysts, cite margin and earnings concerns
Retail investors are being urged by market analysts to steer clear of the government's shares sale in Central Bank of India. The bank's current margin issues and uncertain future profitability raise red flags. Despite the attractive discount on the offer price, experts forecast further share sales needed for compliance, leading to persistent sales pressure on the stock.
Govt to sell additional 4% stake in Central Bank of India after OFS subscribed 2.36 times; retail bidding opens on Monday
The Indian government is selling more shares of Central Bank of India. Investor demand was strong, leading to an increase in the stake sale from 4% to 8%. This move aims to boost the bank's stock liquidity and meet public shareholding rules. The offer for sale is currently underway, with retail investors having a chance to bid soon.