Home
Trending
Briefing

Similar Stories 🔰

The Reserve Bank of India has amended the Large Exposures Framework and Intragroup Transactions guidelines, directing banks to manage concentration risks and monitor ultra-large borrowers. Additional amendments cover credit facilities for jewellers and require more frequent, accurate reporting of credit information from banks and NBFCs to Credit Information Companies, enhancing the quality and timeliness of data used for credit assessment and monitoring.

Indian benchmark indices ended their four-session losing streak on Thursday aided by strong buying action in IT stocks that rallied on the rupee's decline. The index mostly remained below the 21 EMA on the hourly chart, reflecting sustained selling pressure during the session.Based on the current trends, Rupak De, Senior Technical Analyst at LKP Securities expects the markets to remain choppy when trading resumes on Friday. He expects trading to happen in a narrow range until the RBI MPC announcements and does not rule out a volatile trade once the outcomes become public. "Technically, the 26,100-26,150 zone is expected to act as crucial resistance, while support is placed at 25,900-25,950. A fall below 26,000 may trigger a quick correction towards 25,950-25,900, as the chart setup appears weak on the hourly timeframe," De said. Here are 2 stock recommendations for Friday: Stock Ideas

RBI also rejected banks suggestion to fix eligibility criteria to open basic accounts based on income and profile of customer saying that fixing an eligibility criteria would undermine the objective of repositioning BSBD account as an affordable banking product available to all customers.

Survika Traders Private Limited is becoming a reliable name for people who need quick and fair loans. The company works as an RBI registered NBFC. It follows all rules under the NBFC ND guidelines. People choose it because they offer fast decisions and honest terms. Many small shop owners and young professionals have shared that Survika's team listens carefully. The paperwork is short. The process is easy. This friendly approach is making the company stand out in a busy lending market.

Indian stocks snapped a four-day slide on Thursday, with the Sensex and Nifty closing higher, primarily driven by IT shares. This advance occurred ahead of the Reserve Bank of India's policy decision, with IT stocks benefiting from a softer rupee and expectations of a U.S. rate cut. Financials, however, acted as a drag on the broader market.