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Fino Payments Bank’s interim head Ketan Merchant stated the arrest of CEO Rishi Gupta will not affect the bank’s transition to a small finance bank. He confirmed no abnormal impact on deposits. The issue involves program managers linked to the real money gaming business. The bank continues proactive engagement with the RBI. Customer balances and business volumes remain stable.Read More

Reserve Bank of India is scrutinizing shadow banks. Several non-banking finance companies face questions regarding their policy on lending to borrowers with existing defaults. The central bank insists on a board-approved policy to justify new loans to such customers. This move aims to prevent evergreening and ensure transparency in lending practices.Read More

Indian stocks are poised for a weak opening, mirroring Asian markets amid ongoing US-Israeli attacks on Iran. The Nifty has breached key technical supports, with analysts identifying crucial zones between 24,600 and 24,300. Experts advise capitalizing on dips for long-term portfolio building, anticipating market stabilization once geopolitical anxieties subside.Read More

Foreign investors pulled out a significant $751.4 million from Indian equities on March 2, ending a strong February inflow. This reversal, driven by escalating Middle East tensions, signals a cautious near-term outlook for foreign fund flows. Despite this, overall FPI selling in FY26 has been less severe than the previous year, indicating a more measured approach to Indian markets.Read More

Despite early year market stagnation and global shocks like geopolitical unrest and AI disruption, Wall Street bulls remain optimistic for the S&P 500, targeting a 10% rise by year-end 2026. Strategists cite expected strong US economic growth and corporate earnings, believing current geopolitical tensions, including the Middle East conflict, haven’t yet impacted these fundamentals.Read More