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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May 28 The NIFTY 50 index represents the performance of the top 50 companies listed on the National Stock Exchange (NSE) of India and they may represent 12 various sectors of the economy, such as financials, energy, healthcare, technology, and consumer goods. How is NIFTY 50 Calculated? To arrive at the value of the NIFTY 50 index, the current market cap of all the stocks that are part of NIFTY 50 is divided by the Market Cap of the base period. The companies included in the index are chosen based on their market...
May 21 TREPS, short for "Treasury Bills Repurchase," is a financial instrument widely used in the money market. In simple terms, it represents a short-term borrowing and lending arrangement between two parties – a borrower and a lender. In a TREPS transaction, the borrower, often a mutual fund, pledges government securities, such as Treasury Bills, with the lender (usually a bank or a financial institution) to borrow funds. The lender provides the funds to the borrower, and in return, the borrower agrees to...
May 07 The month of May has so far been witnessing a fall in Sensex and Nifty together. On May 7th Sensex closed with a loss of 384 points, or 0.52 per cent, at 73,511.85 while the Nifty 50 closed 140 points, or 0.62 per cent, lower at 22,302.50. So what are the possible causes? One reason is the FIIs selling. According to the experts, the biggest reason behind the recent volatility in the Indian stock market is the strong selloff by foreign institutional investors (FIIs). Based on the last 20 years data, it can...
May 01 The month of may is filled with many IPOs. Lets have a look on them. The first is the Indegene IPO who will launch its IPO on May 6. This company helps the emerging biotech and medical device companies develop products and get them to the market. It provides digital services to the life sciences industry. The issue size is Rs 1,842-crore and the price band has been fixed at Rs 430-452 per share. The IPO closes on May 8, comprises a fresh issue of equity shares worth Rs 760 crore and an...
April 24 Business Standard - The Reserve Bank of India has asked private sector lender Kotak Mahindra Bank not to issue new credit cards and barred new customer onboarding through the bank’s online and mobile banking channels. Read More
April 21 ‘Call Money’ is the borrowing or lending of funds for 1 day. When the money is borrowed or lend for period between 2 days and 14 days it is known as ‘Notice Money’. And ‘Term Money’ refers to borrowing/lending of funds for period exceeding 14 days. Banks and Primary Dealers borrow and lend overnight or for the short period to meet their short term mismatches in fund positions. This borrowing and lending is on unsecured basis which means that no collateral in required for borrowing or lending in...
November 27 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 in India are regulated by the Reserve Bank of India through Banking regulation act 1949 and Banking laws (cooperative society) act 1955 and are registered under the States Cooperative Societies Act. Cooperative...
July 22 Securitization is the conversion of illiquid assets such as the leases, loans, mortgages, and credit card debts of its customers of a financing company into highly liquid securities to be purchased or sold in the financial markets by clubbing them together. It is basically the pooling of assets that a finance company does not want to service anymore and converting them into securities for investors to invest. This process enhances liquidity in the market, and it serves as a useful tool, especially for...
July 22 e-Kuber is the core banking solution of the RBI, which enables each bank to connect their single current account across the country. Core banking solutions can be defined as a solution that enables banks to offer a multitude of customer-centric services on a 24x7 basis from a single location. All the commercial banks, primary dealers, scheduled urban co-operative banks, insurance companies, and provident funds who maintain funds accounts and securities accounts with the Reserve Bank of India are members of this...
July 03 What is the SDR? The SDR is an international reserve asset. The SDR itself is not a currency but an asset that holders can exchange for currency when needed. The SDR serves as the unit of account of the IMF and other international organizations. Special Drawing Rights (SDR) was created by the International Monetary Fund in 1969. The SDR serves as the unit of account of the IMF.Though it is not a real currency, it is just a unit of account. What is the purpose of the SDR? The IMF created the SDR as a...
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