Midnight News Update – Aug 22nd 2017   A recent report by ICRA expects the ROE of microfinance companies to turn negative in the fiscal year 2017-18. That is not great news for these MFIs that are already struggling under the strain of bad Read more [...]

Midnight News Update – Aug 21st 2017   Foreign portfolio investors (FPIs) pulled out a little over $1.2 billion from Indian equities in the first couple of weeks of August. Geopolitical tensions have impelled FPIs to look at other geographies Read more [...]

Savings Rate Cut As more banks follow, be prepared for lower rates on deposits… Shortly after SBI took the lead in cutting the rates of interest on savings deposits, many more banks have followed suit. Banks like PNB, BOB, HDFC Bank, Axis Bank, Yes Read more [...]

Weekly Capsule (Aug 14 – Aug 18) and Impact Analysis Major News Item Impact Analysis     Ø  The MPC minutes indicate a clear shift towards a dovish stance by RBI Ø  Five out of the six members of the MPC were in favour Read more [...]

 Midnight News Update – Aug 17th 2017   The US dollar traded weak in early trades in Asian markets as investors are increasingly getting sceptical about the ability of Donald Trump to sustain his economic momentum. The recent disbanding Read more [...]

 Midnight News Update – Aug 16th 2017   CPI inflation and WPI inflation came in higher for the month of July at 2.36% and 1.88% respectively. The CPI inflation is up by nearly 90 basis points on a MOM basis. The real reason for the sharp Read more [...]

Markets Crack Is it temporary, or is there a deeper market issue? The Nifty and the Sensex lost close to 3.5% during the week. The real matter of worry was that on each of these days there was absolute lack of buying support at lower levels. Of course, Read more [...]

Weekly Capsule (Aug 07 – Aug 11) and Impact Analysis Major News Item Impact Analysis     Ø  12 PSU banks firming up plans to raise funds through the IPO route Ø  PSU banks need to raise additional capital to the tune Read more [...]