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Indian economy shows resilience as global economy faces uncertainty, says RBI bulletin
In India, economic activity stayed strong despite global pressures, said the RBI monthly bulletin. Industry and services maintained momentum, while agriculture benefited from good rainfall and healthy reservoir levels. Food inflation pushed CPI inflation up to 3.5% in April, though core inflation stayed steady. Trade deficit widened due to higher crude oil and gold imports. Liquidity conditions remained easy, keeping short-term rates below the policy repo rate, though government bond yields edged higher.
RBI Annual Report: India Growth To Hold At 6.9% In FY27 Despite Middle-East Conflict Risks
RBI GDP forecast for FY27 is higher than the International Monetary Fund's projection of 6.5% for the same period.
Listed banks earned a record profit of ₹4 lakh crore in FY26
Indian banks achieved a record consolidated net profit exceeding ₹4 lakh crore in FY26. Top lenders SBI, HDFC Bank, and ICICI Bank contributed over half of this aggregate. Private banks slightly outpaced state-run banks in profit share. This growth faced headwinds from rising bond yields and a cap on net open positions.
Listed banks earned a record profit of ₹4 lakh crore in FY26
Indian banks achieved a record consolidated net profit exceeding ₹4 lakh crore in FY26. Top lenders SBI, HDFC Bank, and ICICI Bank contributed over half of this aggregate. Private banks slightly outpaced state-run banks in profit share. This growth faced headwinds from rising bond yields and a cap on net open positions.
Karur Vysya Bank bets big on credit cards, microloans and corporate push to double down on growth
Karur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offering loans against mutual funds. A renewed focus on microloans and increasing corporate lending are also key strategies. These initiatives aim to diversify revenue streams and boost overall expansion.
Don’t bet against the Indian rupee now! DSP Mutual Fund says the currency is undervalued - 5 reasons why
The Indian rupee's decline has raised concerns among investors. However, DSP Mutual Fund suggests that the rupee is undervalued, citing strong macroeconomic indicators that favor Indian assets.
Satin Creditcare Network raises $20 million from BlueOrchard
Satin Creditcare Network has secured $20 million through dollar-denominated bonds from BlueOrchard Microfinance Fund. This private placement, featuring a SOFR-linked coupon, marks Satin's first overseas bond issuance this fiscal. The blended cost, influenced by hedging expenses, is slightly under 11%.
India Needs A Stronger Bond Market to Finance Growth: NSE Chief
File image of NSE CEO Ashishkumar Chauhan
Banking sector key to realising Viksit Bharat vision: SBI Chairman C S Setty
SBI is set to play a key role in India's growth. The bank is focusing on a 'Digital First, Customer First' strategy. Investments in technology, data, and AI will create a responsive banking ecosystem. SBI aims to deliver personalized experiences across all channels. Physical branches will integrate with digital platforms for an omni-channel approach.
Monetise idle household gold, ease compliance burden to build Viksit Bharat: Kotak MF's Nilesh Shah
Nilesh Shah of Kotak Mutual Fund suggests India must unlock its vast household gold reserves. He also calls for easing business regulations. These steps are crucial for India's development. He highlighted significant gold imports and the potential of gold financing. Entrepreneurs are driving innovation despite challenges. Support for businesses is vital for global competition.
Deven Choksey sees strong potential in power, EVs and luxury realty
Deven Choksey, MD of DRChoksey Finserv, says the Adani Group’s fundamentals remain strong with steady EBITDA compounding and improving fund flow visibility after regulatory overhangs eased. He remains bullish on power infrastructure, EV-led auto growth, luxury real estate and data centre-linked technology companies. Choksey also sees strong long-term opportunities in companies benefiting from India’s energy transition, manufacturing expansion and rising infrastructure investments.
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.