The RBI has asked banks to peg small and retail loans like home loans and auto loans to external benchmarks. In line with the commitments made by the government, the RBI instructed all banks to start benchmarking their home loans and auto loans Read more [...]

The news flows have not been too positive in the last few days. The weak GDP data and the tepid core sector data pushed the markets lower. With a sharp single day fall, the worry would be more on the long covering front of open positions. With Read more [...]

The mega merger of PSU banks really failed to impress the markets as the NSE PSU Banking Index plunged nearly 5% in the aftermath of the mega merger. The decision by the government to shrink 10 banks into 4 banks did not go down too well with the stock Read more [...]

Last few days have been all about growth concerns. GDP growth for June quarter fell to 5%, core sector was slower at 2.1% and the PMI Manufacturing also turned up at a 15-month low of 51.2. That could be an overhang. Auto stocks could be under Read more [...]

The hints of an economic slowdown are now giving multiple confirmations. After weak GDP; Core Sector, PMI Manufacturing and auto numbers hint at slowdown. After the June quarter GDP came in at a 7-year low of 5%, the PMI manufacturing also touched a 15-month Read more [...]