Mint - As market cap fell making shareholders poorer by ₹39,768.36 crore, Uday Kotak holding a 29.71 per cent stake also lost ₹10,225 crore in a day. Read more
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5 days ago WHY IN NEWS? Reserve Bank of India (RBI) has transferred a dividend of 2.69 lakh crores to the government for the financial year 2024-25 marking a 50% increase from the ₹2.1 lakh crore distributed in the previous fiscal year. The RBI is a not-for-profit organization then how did it make such huge profits to transfer this huge dividend to the government? SOURCES OF RBI'S INCOME? The Reserve Bank of India's (RBI) surplus primarily originates from its core operations, including interest...
5 days ago DEFINITION Seigniorage is the profit a government earns by issuing currency, particularly the difference between the face value of money and its production cost. It is also the revenue the government earns by printing money instead of borrowing or taxing. Seigniorage = Face Value of Currency − Cost to Produce & Distribute It EXAMPLE It costs the RBI about ₹3 to print a ₹100 note. So, the seigniorage = ₹100 − ₹3 = ₹97. That ₹97 is essentially profit for the government, because...
May 21
May 21 Morgan Stanley has updated its projections for the BSE Sensex, indicating a positive outlook for India's equity market. New Projections Base Case: The Sensex is expected to reach 89,000 by June 2026, reflecting an 8% increase from its current level of approximately 81,642. This projection is based on factors such as India's structural growth, strong earnings outlook, and a stable policy environment. Bull Case: There's a 30% probability that the Sensex could hit 100,000 (1 lakh) within the next...
May 20 WHAT IS A COOPERATIVE BANK? A cooperative bank is a financial institution that is owned and controlled by a group of people who are also customers of the bank. These banks follow the cooperative principle of one person, one vote, and provide services such as savings and loans to both members and non-members. Cooperative banks were initially established to provide credit to members and liberate the underprivileged from the clutches of unscrupulous moneylenders who demanded exorbitant interest rates. Cooperative...
May 19 WHAT? The Bank for International Settlements (BIS) is often referred to as the "central bank for central banks." It plays a key role in supporting global financial and monetary stability. It's headquarters is located in Basel, Switzerland. It also has representative offices in Hong Kong and Mexico City. Lets see what all does the BIS do? FUNCTIONS Acts as a Bank for Central Banks : In this role it holds deposits and manages accounts for over 60 central banks. BIS Offers asset management,...
May 07 FEATURES NIIF NaBFID Full Name National Investment and Infrastructure Fund National Bank for Financing Infrastructure and Development Established 2015 2021 Type Government-sponsored equity fund Government-backed development finance institution (DFI) Primary Role Invests in infrastructure via equity and fund management Provides long-term debt financing for infra...
April 29 WHAT IS DIGITAL ECONOMY? The digital economy refers to the economic activities that emerge from connecting individuals, businesses, devices, data and operations through digital technology. It encompasses the online connections and transactions that take place across multiple sectors and technologies, such as the internet, mobile technology, big data and information and communications technology. SIZE AND SHARE OF INDIA’S DIGITAL ECONOMY The Indian economy has been digitalising at a remarkable...
April 05 Business Standard Private sector lender IndusInd Bank disclosed on Friday that its retail and small business customer deposits declined by ₹3,550 crore during the quarter ending March 2025 (Q4FY25), dropping from ₹1.88 trillion to ₹1.85 trillion. click here to read the full news
March 30 Lets try to understand on the factors which lead to the fall in the markets.
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