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PB Fintech sees Rs 665 crore block deal as founders pare stake; Goldman among other top funds buy
PB Fintech founders Yashish Dahiya and Alok Bansal sold 38 lakh shares worth Rs 665 crore in a block deal. The shares were purchased by various institutional investors, including Goldman Sachs and Tata Mutual Fund, following the company's recent performance.
Sensex, Nifty slide 1.5% as MSCI rejig triggers late-hour market selloff
Benchmark indices posted their steepest fall in over two weeks as MSCI rebalancing triggered heavy passive fund outflows and a sharp late-session selloff
RBI continues to focus on further developing and deepening financial markets by boosting the role of INR as a cross-border medium of exchange
As per RBI annual report, during 2025-26, the Reserve Bank continued to focus on further developing and deepening financial markets through several initiatives, including rationalising external sector regulations for increased ease of doing business and encouraging the adoption of INR for cross border transactions. Going forward, the liquidity operations would continue to be in sync with the stance of monetary policy, while the foreign exchange operations would be principle-based, guided by the objective of ensuring orderly movements in the exchange rate of the INR. On cross border payments, the Reserve Bank signed memorandum of understanding (MoU) on digital asset collaboration with the Monetary Authority of Singapore (MAS). Bilateral discussions with MAS and the Central Bank of the UAE (CBUAE) were held for operationalising a cross-border CBDC pilot. The Reserve Bank also joined multilateral BIS-Innovation Hub-led initiatives, viz., Project Rialto, and Phase 2 of Project Mandala, ..
GOWF Stock Price | Groww Nifty Private Bank ETF - Investing.com
GOWF Stock Price | Groww Nifty Private Bank ETFInvesting.com
RBI highlights strong banking sector health, says lenders can withstand severe shocks
In the fiscal year 2025-26, India's financial landscape demonstrated remarkable stability. Both banks and non-bank entities showcased solid balance sheets, reflecting a significant uptick in asset quality and sturdy capital reserves. With gross bad loans hitting their lowest levels in decades, comprehensive stress tests reaffirmed that banks are well-prepared for potential financial adversities.
Ahead of Market: 10 things that will decide stock market action on Friday
Domestic equity benchmarks ended marginally lower for a second consecutive session as weakness in financial, IT and energy shares offset gains in auto stocks. Analysts expect Nifty to remain range-bound with immediate support near 23,800 and resistance around the 24,000-24,100 zone.
Mid-tier entities in Indian BFSI under-invested in security, most exposed to cyberattacks: Report
Indian mid-tier banks and financial firms face significant cyber risks. They have embraced digital technology but lag in cybersecurity spending compared to global peers. Attackers are leveraging advanced AI, making cyber threats more potent and less costly. Many Indian CISOs report defenses are being outpaced. Institutions must now integrate AI defense with securing their own AI systems to build resilience.
PPFAS to HSBC, Kotak: 62% equity mutual funds outperform Nifty 50 in brutal Q4 selloff - Check top performers - Mint
PPFAS to HSBC, Kotak: 62% equity mutual funds outperform Nifty 50 in brutal Q4 selloff - Check top performersMint
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.
Stock markets decline for 2nd day on selling in oil, gas, banking shares
Stock markets closed lower for the second consecutive day on Wednesday as investors remained cautious amid conflicting geopolitical signals from the West Asia and fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 141.90 points, or 0.19 per cent, to settle at 75,867.80, with 20 of its constituents ending higher and 10 with losses. During the day, it hit a high of 76,224.68 and a low of 75,748.21, gyrating 476.47 points. The 50-share NSE Nifty skidded 6.55 points, or 0.03 per cent, to end at 23,907.15. Sensex had dropped by 479.26 points and Nifty by 118 points on Tuesday. Financials, oil & gas, IT and private banking shares were the major drag while energy, metals, and auto shares advanced, capping the downside. Among 30 Sensex firms, HDFC Bank fell the most by 2.63 per cent. Infosys, ITC, Hindustan Unilever, Reliance Industries and ICICI Bank were also among the major laggards. Power Grid, Eternal, NTPC and Tata Steel were the major ...
IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-back
IDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This funding is targeted at eligible microfinance loans and is expected to enhance the bank's financial performance by allowing it to reverse previously set aside provisions for defaults.
IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-back
IDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This funding is targeted at eligible microfinance loans and is expected to enhance the bank's financial performance by allowing it to reverse previously set aside provisions for defaults.