Farm Loan Waivers-Assessing Risks to MFIs / Rural NBFCs - Morgan Stanley

Farm Loan Waivers – Assessing Risks to MFIs / Rural NBFCs

Investors are concerned about the risk of higher loan defaults at MFIs and NBFCs with rural exposure owing to recent farm loan waivers and demand for waivers in more states. The state government of Uttar Pradesh announced a farm loan waiver in April and the Maharashtra state government has

Expert Views: India consumer inflation eases to lowest since 2012 in May

MUMBAI - India's annual consumer price inflation eased further to 2.18 percent in May, driven down by cooling food prices, government data showed on Monday.

The rise was lower than the 2.60 percent forecast by economists in a Reuters poll, and was the lowest since India started publishing an economy-wide consumer price index in 2012. Consumer prices rose 2.99 perc

QIP credit positive for SBI, removes dependence on government: Moody's

The Rs 15,000 crore fund-raising by the country's largest lender SBI is credit positive for the bank and will eliminate its dependence on capital infusion from the government, Moody's said today. In a report, the US-based agency said any capital infusion from the government will further strengthen the bank's capitalisation.

Last week, State Bank of India raised Rs 15,000 c

Credit Policy Review: June 2017 - HDFC Mutual Fund

The Monetary Policy Committee (MPC) voted 5-1 in favor of leaving the policy repo rate unchanged at 6.25% in line with consensus expectations. The reverse repo rate has also been kept on hold at, 6.0%, while the cash reserve ratio (CRR) remains at 4.0%. However, the RBI has reduced the statutory liquidity ratio (SLR) to 20% from 20.5% from June 2017 in order to provide banks with greater flexib

India`s retail inflation seen cooling to new record low in May: Reuters poll

By Vivek Mishra

 Inflation in India is expected to have cooled to a new record low in May, a Reuters poll found, which could add pressure on the Reserve Bank of India to cut interest rates later in the year.

The consumer price index likely rose 2.60 percent in May from a year earlier, dipping from 2.99 percent in April, due to a fall in the cost of pulses, cereals and p

Asian Liquidity Stress Index improves to 25.2% in May: Moody`s

Moody's Investors Service, a global rating agency, has said that its Asian Liquidity Stress Index (Asian LSI) fell month-on-month to 25.2 per cent in May 2017 from 25.4 per cent in April.

The Asian LSI measures the percentage of high-yield companies with Moody's weakest speculative-grade liquidity score of SGL-4, when speculative-grade liquidity appears to improve for Asian hi

Expert views: China`s commodities imports mainly rise in May, coal falls

 China's imports of crude oil, copper, iron ore and soybeans rose in May on a month earlier, although coal imports fell, customs data showed on Thursday.

 

KEY POINTS:

Copper: China imported 390,000 tonnes, versus 300,000 tonnes in April

Crude oil: China imported 37.20 million tonnes, versus 34.39 million tonnes in April

Thee RBI would leave the Repo rate unchanged at 6.25% - Quantum AMC

Below is the views the RBI Monetary Policy by Arvind Chari from Quantum Fixed Income Team.

 

Quantum's View on the RBI Monetary Policy  

That the RBI would leave the Repo rate unchanged at 6.25% was expected, but what we were looking for was its assessment of future inflation and f

Monetary policy review - Amrapali Aadya Trading and Investments

Below is the Views on RBI monetary policy review by Mr. Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments

Reading RBI credit policy we could see it is readying for a rate cut in next policy meet on August. On its own estimate inflation is projected at 2-3.5 % in H1 of this FY. Though it is continue to h

Expert views: RBI keeps repo rate on hold, cuts inflation projections

India's central bank kept its key interest rate unchanged at 6.25 percent on Wednesday, as widely expected, while lowering projections for inflation and striking a somewhat less hawkish tone in a policy statement.

COMMENTS

RADHIKA RAO, GROUP ECONOMIST, DBS

"The tone suggests they are not yet convinced that the fall in infl

Reliance Communication shares fall after rating downgrades

MUMBAI/HONG KONG - Shares and bonds in embattled Indian mobile carrier Reliance Communiations fell on Wednesday after Moody's and Fitch further downgraded their ratings to default levels and warned about its ability to deal with long-term debt.

Shares in RCom, as the company is known, fell as much as 4.5 percent in early trading, taking their losses in the pa

Double whammy of Steel and crude oil hits Nickel - Angel Commodities

Below is the views on Double whammy of Steel and crude oil hits Nickel By Ms. Kaynat Chainwala (Research Analyst- Base Metals, Angel Commodities Pvt Ltd)

Nickel prices plunged to $8700/t, lowest level since 8th June 2016, as the weakness in iron ore prices for the past few sessions owing to bleak demand outlook spilled over to Steel prices. I

Next week Market Outlook - Reliance Securities

Below is the Views on Market Outlook by Mr Vikas Inder Jain,Senior Analyst, Reliance Securities

 

We continue to remain positive but minor profit booking cannot be ruled out as we have closed at all-time high levels and the option data indicates resistance at 9,700 levels with an OI of 51 lakh shares in call options. On the dow

GDP data points to a slowdown, prints 7.1% in FY17 - ICICI Sec

* India’s GDP growth for FY17 came in at 7.1% y/y significantly down from 8.2% y/y in the previous year. Quarterly analysis of GDP growth data points to a deceleration in economic activity. Q4FY17 growth came in at 6.1% y/y which it at its 9-quarter low. Growth in Q1, Q2 and Q3 of FY17 was 7.9%, 7.5% and 7% respectively

* The more reliable GVA growth also slowed down to a mere 6

Yuan, rupee seen weakening over coming year: Reuters poll

By Krishna Eluri

BENGALURU  - The Chinese yuan and Indian rupee are expected to shed some of this year's gains and weaken slightly against the dollar over the coming 12 months if the U.S. Federal Reserve raises interest rates further as expected, a Reuters poll showed.

China's yuan hit its highest in just over half a year on Wednesday and was la

Indian GDP to grow faster this fiscal at 7.5%: Moody's

The Indian economy will grow at 7.5 per cent in the current fiscal, which rate will accelerate to 8 per cent in about four years, US rating agency Moody's said on Wednesday ahead of the release of GDP figures for 2016-17 later in the day.

"We expect marginally faster growth in India. According to our forecast the economy will grow 7.5 per cent in fiscal year 2017 (2017-1

RBI to strike less hawkish tone while standing pat: Reuters poll

By Krishna Eluri

The Reserve Bank of India is likely to keep interest rates unchanged at a review on June 7, but with inflation well below target its policy statement is likely to sound less hawkish than when the monetary policy committee last met, a Reuters poll showed.

The RBI has sprung several surprises since the MPC was formed last year to include the views of governmen

ECOSCOPE: Why real GDP growth could be about 6% in 4QFY17

Upward revision due to new IIP would be concentrated in 1HFY17

* Irrespective of the new IIP (index of industrial production) series (2011-12 base), which is a key ingredient in quarterly GDP estimates and shows much higher growth than the old IIP series (2004-05 base), we continue believing that real GVA/GDP growth (2011-12 base) will likely be ~6% Yo

Hindalco` Quarterly results by Rakesh Tarway, Head of Research - Reliance Sec

Below is the views on ‘Hindalco’ Q results by Rakesh Tarway, Head of Research, Reliance Securities 

Hindalco reported numbers which were marginally higher than our estimate, despite lower than expected volumes during the quarter under review. Net Revenue at Rs 110bn (our estimate Rs109bn) increased 27% YoY and 18% QoQ aided by a 48% Yo

Show a single act of divisive agenda: Naidu dares Opposition

 Information and Broadcasting Minister M. Venkaiah Naidu has dared the opposition and critics to show a single act of divisive agenda pursued by the Modi government and distanced the BJP from actions of fringe Hindutva elements and cow vigilantes.

He also said the opposition parties are instigating social tension but felt that the law must be strictly enforced against &

India seen staying fastest growing major economy in January-March quarter: Reuters poll

By Vivek Mishra

 India remained the fastest growing major economy in the world last quarter, with growth buoyed by an improved performance in manufacturing and services, a Reuters poll of economists found.

Prime Minister Narendra Modi's ban of high-value currency notes last year had a major short-term impact on demand but private and public consumption has recovered

We maintain our Buy rating on Tech M Ltd By Ms. Sarabjit Kour Nangra - Angel Broking

Below is the views on Tech Mahindra Ltd 4QFY2017 Results By Ms. Sarabjit Kour Nangra (VP Research- IT, Angel Broking Pvt Ltd)

“For 4QFY2017, the company posted bad set of numbers. For the quarter, sales came in at US$1,131mn V/s 1,129mn expected, registering a QoQ growth of 1.3%. On rupee front the sales is expected to come in at INR 7,495cr V/s

Investors Faith Well Rewarded By Markets - Angel Broking

Below is the views on INVESTORS’ FAITH WELL REWARDED BY MARKETS By Mr. Vaibhav Agrawal (Head of Research and ARQ)

“The continued MF and FII inflows in the Indian equities have taken the Indian equities to fresh highs. Coincidently this has come on the occasion of 3rd anniversary of the Modi government. This indicates that faith shown by inv

OPEC output cuts falls short of expectations - Angel Broking

Below is the views on OPEC output cuts falls short of expectations By Mr. Prathamesh Mallya (Chief Analyst- Non-Agri Commodities & Currencies, Angel Commodities Broking Pvt Ltd)

“The outcome of the OPEC meeting which was scheduled on 25th May 2017 decided to cut 1.8 million barrels per day through March 2018. This is surely an effort in the r