Soaring gold prices are transforming the bullion boom into a balance sheet bonanza for smaller private and PSU banks with substantial gold loan books. These lenders are experiencing robust growth, improved margins, and better asset quality as demand for secured credit surges, outpacing overall credit growth significantly.Read More
The dollar weakened as renewed U.S. tariff threats clouded global trade prospects following a Supreme Court ruling. Asian markets reacted to the uncertainty, with the yen showing slight weakness after reports of U.S. intervention discussions. The European Union postponed a trade deal vote amid these developments.Read More
Jefferies has downgraded several major Indian IT stocks, including Infosys and TCS, citing AI-related disruptions and greater downside risks. The brokerage shifted its preference to mid-sized IT firms, identifying Coforge, Sagility, and IKS as top picks with projected returns of 19-26%.Read More
The International Financial Services Centres Authority (IFSCA) plans to set up special purpose vehicles (SPVs) to issue insurance-linked securities like catastrophe bonds, aiming to diversify insurance risk beyond traditional reinsurance. Chairman K. Rajaraman said private equity and other investors could participate in risk-sharing, making the insurance industry more stable and sustainable. The IFSCA will soon...Read More
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