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Informist, Friday, Feb. 28, 2025

MUMBAI – Analysts expect banks to benefit from the Reserve Bank of India's move to ease the risk weight on banks' loans to non-bank finance companies, and on microfinance loans. "While this directive could benefit all banks, PSUs (state-owned banks) have a higher NBFC exposure compared to private peers, while small finance banks with a higher microfinance exposure could have an advantage," Prabhudas Lilladher Capital said in a report. 

The Nifty Bank index ended the week 1.3% lower at 48344.7 points on the National Stock Exchange. "Additionally, a rally in NBFC stocks is expected to continue after the RBI reduced the risk weights on bank loans to NBFCs from 125% to 100%, effective Apr. 1," Vikas Jain, head of research at Reliance Securities, said. 

Weak investment sentiment for emerging markets and news on US tariffs are expected to influence equity markets in the near term, Kotak Securities said in a note.

TOP HEADLINES
* Ujjivan Small Fin Bk sells INR 3.65 bln bad loans to ARC for INR 342.60 mln
* SC junks order asking Central Bk to compensate Ad Bureau under Consumer law

* SBFC Finance board appoints Mahesh Dayani as ED till Feb 27, 2030

* IMF Report: Growth in unsecured personal loans by NBFCs needs monitoring

* Paisabazaar appoints Santosh Agarwal as CEO; Policybazaar appoints new CFO

* SEBI's norms on timeline for deployment of NFO funds to kick in Apr 1

* RBI risk weight reversals unlikely to boost banks' microfinance, NBFC loans

* PRESS: SBI eyes INR-10-trln housing loan book by March 2027

* 360 ONE WAM passes 3 special resolutions via e-voting

* RBI rolls back hike in risk weights on bank loans to NBFCs

* NCLT admits IL&FS Financial Services' IBC plea against Ansal Properties

* PRESS: Axis Bank may sell majority stake in NBFC arm, seeks $1-bln valuation

* RBI releases rationalised prudential norms for urban co-operative banks

* Bond Club: ICICI Bank re-emerges as top corp bond arranger after 10 months

* RBI allows depositors to withdraw up INR 25,000 from New India Co-op Bank

* Govt invites bids from merchant bankers for divest in PSU banks, fincl cos

* Manappuram Fin says nothing to disclose on report of Bain Capital stake buy

* PRESS: Bain Capital finalises deal with Manappuram Finance to acquire stake

* PRESS: RBI may seek fresh suggestions on project financing norms in 3 months

* CARE Ratings assigns 'AAA' rtg to Canara Bank's tier-II bond; outlook stable

* RBI issues draft norms on loan foreclosure charges, pre-payment penalties

* RBI fines JM Financial Home Loans INR 150,000 for not complying with norms

* Bank of India declares Gupta Power Infra bad loan account as fraud

* Ujjivan Small Fin Bk to sell NPAs, written-off loans of INR 3.65 bln to ARC

* Fincl inclusion in equity market can't be same pace as banking: SEBI Narayan

* India Overseas Bank gets INR 7 bln GST demand from Chennai tax body
 

Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Kabir Sharma

Edited by Tanima Banerjee

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