Banks are seeking relaxations on the Reserve Bank of India’s draft regulations that would require setting aside higher provisioning for the financing of infrastructure projects, according to bank officials. On May 3, the central bank proposed that banks be required to increase provisions to 5% of the loan amount disbursed for projects in the construction
Brokerages have trimmed FY25 earnings estimates for Bajaj Finance Ltd., citing moderating net interest margin, a decline in fee income, and elevated credit costs, even as the NBFC reported an inline net profit in the fourth quarter. Bajaj Finance stock fell as much as 5.79% on Friday morning to Rs 6,872.70 apiece on the NSE.
Shriram Finance Ltd. remains among the top picks for Jefferies India Pvt. as it sees the financier’s growth to hold up with a potential rise in its assets under management. Healthy demand for used personal vehicles, rollout of MSME and gold loans in erstwhile branches can drive a 17% AUM growth over financial year 2024–26,
NJ Asset Management’s fund performance varies widely from the index, as the approach to allocating funds is quant-based instead of the traditional sectoral or capitalisation-based allocation, according to Director Rajiv Shastri. “Our investment approach is what is called factor-based investment, or quant investment,” Shastri, who is also chief executive officer of the fund, told NDTV
It’s been a “crazy” funding winter, and it doesn’t seem to be ending, according to boAt co-founder Aman Gupta. The Shark Tank-fame investor played on the famous Game of Thrones dialogue to describe the funding scenario that has rocked the startup ecosystem in the past 12 months. “There, they say ‘Winter is coming’. I would