Microlending veteran Padmaja Reddy is exiting unsecured business by fiscal end to focus on gold loans, transitioning her firm Keertana Finserv to a 94% secured portfolio. Citing a “structural crisis” in microfinance, Reddy aims for Keertana to be a fully secured lender with gold loans comprising 95% of its assets under management by FY25.Read More

Interest rates on term deposits above 7% significantly dropped to 54% by September, down from 73% in March, as banks lowered rates following RBI’s policy cuts. Loans linked to external benchmarks also saw immediate rate reductions. Public sector banks’ deposit share increased, while Maharashtra led in deposit mobilization.Read More

Sebi has approved the IPOs of ICICI Prudential Asset Management and three other companies, signaling the green light for their public offerings. ICICI Prudential AMC’s ₹10,000 crore IPO, slated for December, will be an entirely offer for sale, with UK-based Prudential Corporation Holdings divesting 1.76 crore shares.Read More

Foreign investments in Indian debt bonds were modest in November. Expectations of a rate cut and rupee depreciation influenced these flows. Economists foresee positive medium-term prospects. The Reserve Bank of India is anticipated to support the bond market. Interest rate differences with other emerging markets offer advantages for foreign investors. Inclusion in global indices is...Read More

Aequs, an aerospace components maker, is set to raise significant funds through an IPO. The company plans to use the capital for debt repayment, expansion, and acquisitions. Aequs operates globally with a strong focus on its aerospace division. Investors will be watching its financial performance post-listing. The company aims to strengthen its position in the...Read More

The government is divesting up to a 6% stake in Bank of Maharashtra via an Offer for Sale (OFS), starting December 2. This move aims to raise approximately ₹2,600 crore and ensure the bank meets its minimum public shareholding requirement. The sale will reduce the government’s stake from 79.60% to below 75%.Read More

Indian equity indices touched fresh lifetime highs before closing marginally lower on Monday. The market faced headwinds from a weakening rupee and uncertainty surrounding the US-India trade deal. Persistent foreign institutional investor selling and a depreciating currency are limiting the ability of indices to sustain record levels.Read More

Sebi’s senior management is opposing a proposed rule mandating public disclosure of their assets and liabilities, citing privacy concerns and potential speculation. A panel recommended these disclosures for officials at chief general manager rank and above to boost transparency. Over 100 officers have raised objections, fearing unwanted attention and scrutiny.Read More