Seven out of the 19 sectors constituting the Nifty 200 index outperformed analysts' expectations on net profit, excluding exceptional items, or adjusted net profit, in the December quarter, according to an Informist analysis. However, the adjusted net profit of 10 sectors was below expectations and two in line with estimates.Register to read
Last week's action by the Reserve Bank of India to supersede the board of New India Cooperative Bank for 12 months on the grounds of poor governance standards has brought the focus back on the question of deposit insurance reforms in the banking system. The system is outdated and in dire need of an overhaul.Register to read
The importance of the Reserve Bank of India's dividend to the Indian government cannot be overstated. In 2024-25 (Apr-Mar), it made up almost 7% of the Centre's total revenue receipts and could have financed more than 13% of the full-year fiscal deficit of INR 15.70 trillion. So, any action that impacts the money the central bank transfers to the Centre has the potential to upend, for better or worse, India's fiscal math. And one such action is currently underway.Register to read
Pension Fund Regulatory and Development Authority will likely meet pension fund managers for a quarterly review on Tuesday, officials aware of the matter told Informist. In the meeting, pension fund managers may also seek clarity from the regulator on the management of funds under the Unified Pension Scheme, which will be implemented from Apr. 1.Register to read
The Reserve Bank of India's efforts to fetch foreign exchange inflows by raising the cap on non-resident deposit rates seem to have fallen flat. A little over two months since the central bank raised the ceiling on Foreign Currency Non-Resident Accounts (Banks) or FCNR (B) deposits, a tool to support the rupee, incremental flows have barely trickled in as banks are not eager to raise their already high rates.Register to read