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Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on RBL Bank RBL Bank (RBK) reported an in-line quarter with net earnings up 27% QoQ to INR1.98b (+163% YoY) supported by healthy NII as NIM expanded 70bp QoQ along with controlled provisions. Business trends were modest with the loan book growing 3% QoQ, while the deposit book rose 7% QoQ. C/I ratio remained elevated at 60% on higher business expenses. Fresh slippages dipped 19% QoQ to INR6.2b - largely from the Retail portfolio (Credit Cards/MFI). GNPA/NNPA ratio improved 44bp/51bp QoQ to 4.40%/1.34%, respectively. We cut our FY23E/FY24E earnings by 10%/7% as we conservatively built in higher credit cost and opex, and await clarity on the appointment of the MD and CEO. Outlook We expect RBK to deliver an FY24E RoA/RoE of 1.2%/10.3%, … [Read more...] about Buy RBL Bank; target of Rs 160: Motilal Oswal

Representative image The government has called a meeting of cab aggregators like Ola and Uber on Tuesday to discuss their policies related to fare calculation, surge pricing, ride cancellations and measures taken by them for data protection of customers, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The meeting has been called amid rise in consumer complaints of alleged unfair trade practices by these platforms, including ride cancellation policy as drivers force customers to cancel trips after accepting bookings, which results in customers paying cancellation penalties. "We have sought information from cab aggregators how they handle cancellation charges and surge pricing and how they calculate fare,” Singh said while speaking on the sidelines of an event organised by the ministry. He further said, "We have asked why the charges to go from point A to point B are different for two different people.” The ministry would also like to know whether these ride … [Read more...] about Govt to meet cab aggregators on May 10 amid rise in consumer complaints

Share to Twitter Share to Linkedin You could imagine that tech should and could provide solutions for people with disabilities. Well, of course, that can only happen if people with disabilities are part of designing the process from the outset. I wonder if their lack of involvement is the reason for the failure of many Fintech solutions? Since being launched and playing a part in the mainstream, financial technology has been met with criticism. These complaints have been due to inaccessibility and discrimination. According to an article by Entrepreneur , there are 1.7 billion unbanked people worldwide and households with disabilities are more likely to be unbanked as those with no disabilities. To break this down means they have no spending records, resulting in reduced access to financial assistance and loans. For some, it is easier to access or visit a bank, but this can be a daunting task for people with disability hence why Fintech is such an essential … [Read more...] about Fintech For All

- A + A LONDON (May 15): Bitcoin staged a modest recovery to trade just below US$30,000, extending a period of relative market calm after the collapse of a closely watched stablecoin roiled digital assets in the past week. The largest cryptocurrency advanced 1.1% to US$29,670 at 10.40am in London. Ether, the second-biggest token, rose 1.9% while coins like Avalanche and Cardano posted larger gains. Bitcoin dipped to a low of US$25,425 on Thursday after the TerraUSD algorithmic stablecoin unravelled, throwing the entire ecoystem that supports it into disarray. At its height, the market panic engulfed the US$76 billion stablecoin Tether, a key cog in crypto assets that briefly dipped from its dollar peg. "We have witnessed the rapid decline of a major project, which sent ripples across the industry, but also a new found resiliency in the market that did not exist during the last market downswing," Changpeng Zhao, chief executive officer of crypto exchange … [Read more...] about Bitcoin trades below US$30,000 as markets digest TerraUSD fallout

Artwork by Daniella Marie Agacer MANILA, Philippines—When COVID-19 hit, death moved a step closer to immunocompromised people who were suffering from kidney or end stage kidney disease (ESKD) because the pandemic either blocked or disrupted access to the one treatment they needed most—dialysis. Dr. Carlo Trinidad, a nephrologist (specialist in kidney diseases), said that while data were lacking, there’s a consensus that there were kidney disease patients whose deaths were because of complications from “missed” dialysis treatments. He explained in Kidney International Reports’ “Perpetual Lockdown: The State of COVID-19 and Kidney Disease in the Philippines” that the complications often lead to hospitalization or death. Trinidad said some kidney disease patients were unable to continue dialysis because of lack of dialysis centers dedicated to kidney disease sufferers who also had COVID. Two other aggravating circumstances were loss of income as a result of COVID infection and … [Read more...] about COVID narrows door to dialysis, options for kidney disease patients

Representative image The soaring dollar is propelling the global economy deeper into a synchronized slowdown by driving up borrowing costs and stoking financial-market volatility -- and there’s little respite on the horizon. A closely watched gauge of the greenback has risen 7% since January to a two-year high as the Federal Reserve embarks on an aggressive series of interest-rate increases to curb inflation and investors have bought dollars as a haven amid economic uncertainty. A rising currency should help the Fed cool prices and support American demand for goods from abroad, but it also threatens to drive up the import prices of foreign economies, further fueling their inflation rates, and sap them of capital. That’s especially worrying for emerging economies, which are being forced to either allow their currencies to weaken, intervene to cushion their slide, or raise their own interest rates in a bid to buttress their foreign exchange levels. ALSO READ: The Dollar … [Read more...] about Dollar’s strength pushes world economy deeper into slowdown

Representative image After closing at an all-time low against the US dollar on Thursday, the rupee recovered some lost ground to trade at 77.31 against the US dollar in morning trade on Friday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the rupee opened at 77.35 against the American dollar, then gained further ground to quote at 77.31, registering a rise of 19 paise from the last close. On Thursday, the rupee plunged 25 paise to close at its lifetime low of 77.50 against the US currency. Forex traders said the Indian Rupee could see range-bound trade against the US dollar as broad dollar strength could offset losses from a rate hike by the Indian central bank next month due to rising domestic inflation. India's headline inflation galloped for a seventh straight month to touch an 8-year high of 7.79 per cent in April on rising food and fuel prices, raising the odds of an interest rate hike by the RBI early next month to … [Read more...] about Indian rupee rebounds from all-time low; rises 19 paise to 77.31/USD

Representative image ICICI Direct's currency report on EURINR Euro depreciated by 1.27% yesterday amid strong dollar and risk aversion in the global markets. Further, euro slipped on concern about lingering stagflation environment of slow growth and high prices. On top of its Russia unveiled a set of sanctions on energy companies operating on the continent threating supply • Euro is expected to trade with negative bias on the back of strong dollar, expectation of disappointing economic data from euro area and gloomy global market sentiments. Market sentiments are hurt on worries over repercussion of ongoing war in Ukraine and strict lock down in China. Further, market fears that major central banks efforts to bring inflation under control will hamper economic growth. Additionally, ECB is likely to raise interest rates gradually not at the same pace as US Fed. EURINR (May) is expected to trade in a range of 80.45-80.90. Intra-day strategy EURINR May futures … [Read more...] about Sell EURINR; target of : 80.45 : ICICI Direct

Representative image Snapping its two-day winning streak, the rupee slumped by 15 paise to end at 77.40 (provisional) against the US dollar on Thursday, following risk-off sentiments amid increasing concerns over inflation globally. Weak domestic equities, surging US dollar in overseas markets and persistent foreign fund outflows also weighed on the rupee which plunged to its all-time intra-day low of 77.63 against the US dollar, forex traders said. Weak domestic equities, surging US dollar in overseas markets and persistent foreign fund outflows also weighed on the rupee which plunged to its all-time intra-day low of 77.63 against the US dollar, forex traders said. At the interbank forex market, the rupee opened steeply lower at 77.52 against the greenback and moved in a range of 77.36 to 77.63 in the day trade. The rupee finally ended at 77.40, down by 15 paise over its previous close. The rupee had settled at 77.25 against the US dollar on Wednesday. On May 9, the … [Read more...] about Rupee recovers from all-time low, settles 15 paise lower at 77.40 against US dollar

Prime Minister Narendra Modi (Image: ANI) With the Indian rupee hitting an all-time low and the country's forex reserve on the decline, the TMC on Friday slammed the Centre for alleged financial mismanagement, stating that Prime Minister Narendra Modi should take steps to recover the economic situation or step down. TMC national spokesperson Sukhendu Sekhar Ray said the BJP government's slogan Sabka Sath, Sabka Vikas' (Taking along everyone, Development for all) has turned into Sabka Sath, Sabka Sarwanash', (Taking along everyone, debacle for all). The BJP was quick to hit back, accusing the TMC of pushing West Bengal into a "debt trap". Talking to reporters, Ray said, "The country has never witnessed such a situation since Independence. It seems the country is heading towards economic bankruptcy due to the flawed policies of the BJP government. It is a result of financial mismanagement. The rupee pared its initial gains and settled 5 paise lower at its fresh lifetime low of … [Read more...] about PM should step down if he can’t ensure country’s economic recovery, says TMC