&w=3840&q=100)
Nifty ends choppy first half of calendar 2025 with nearly 8% gain
Mumbai
Listen to This Article
After a choppy start to the year, the NSE's Nifty 50 index ended the first half of calendar 2025 with gains of almost 8 per cent. The broader market Nifty Smallcap 100 and the Nifty Midcap indices ended with modest gains of 1.8 per cent and 4.4 per cent, respectively. Market performance was initially hampered by US trade tensions, escalating geopolitical risks, and an uncertain global growth outlook, with the Nifty 50 dropping as much as 8 per cent by April. A strong recovery followed, driven by the Reserve Bank of India's monetary easing, a weaker US dollar,
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 hours ago
- Time of India
Loans flow at a faster clip into MSMEs; asset quality up, too
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: MSMEs, often cited by economic policymakers as crucial to last-mile job creation, raced ahead of retail last fiscal in drawing formal banking credit, which has remained rather circumspect lately in aggregate despite a cumulative one percentage-point lowering in policy rates so far this calendar year."Despite a broad deceleration in bank credit growth, the share of credit to the micro, small and medium enterprises (MSME) sector in total non-food bank credit has been growing steadily and its growth has outpaced that of other sectors during FY25," the Reserve Bank of India RBI ) noted in the latest edition of the financial stability report (FSR). In FY25, MSME loans surged 14.1%, compared to 11.7% growth in retail and 11.2% in services, central bank data showed. The share of MSME credit in total bank credit stood at 17.7%, an all-time high. Loans to this segment stood at more than ₹14.3 lakh crore at the end of May the MSME sector, credit to the micro enterprises, which formed 49% of total credit to the MSME sector, witnessed slower incremental growth in FY25 compared to small and medium enterprises. The upswing in lending came with stronger asset proportion of subprime borrowers in banks' MSME portfolios declined significantly, from 33.5% in June 2022 to just 23.3% by March 2025. Asset quality also showed improvement with the gross NPA ratio of MSME portfolio of banks falling from 4.5% in March 2024 to 3.6% at the end-March is also reflected in the significant moderation in SMA-2 (special mention accounts due beyond 60-90 days) ratio, an indicator of incipient stress which fell to 0.8% of total MSME government's credit guarantee schemes improved flow of credit to the MSME sector, especially vulnerable enterprises, with approximately ₹6.28 lakh crore guaranteed under two flagship schemes, the Credit Guarantee Fund Scheme for Micro Units (CGFMU) and the Emergency Credit Line Guarantee Scheme (ECLGS).The NPA ratio in both the schemes was relatively higher versus the sector-wide ratios, as these loans are directed towards more risky CGFMU, the NPA ratio for the banking system stood at 10.8% while it was 5.6% under the ECLGS.
&w=3840&q=100)
Business Standard
3 hours ago
- Business Standard
Indian scheduled commercial banks' gross NPA ratio at 15-year low
Private sector banks' gross NPA ratio was stable at 2.8 per cent while foreign banks saw a decline to 0.9 per cent from 1.2 per cent Subrata Panda Listen to This Article The Indian scheduled commercial banks' (SCBs') asset quality continues to improve, with gross and net non-performing asset (NPA) ratios at a multi-year low, according to the Reserve Bank of India's (RBI's) latest Financial Stability report. While overall gross NPAs were lower at 2.3 per cent (of gross advances) as of March 31, 2025, compared to 2.8 per cent a year ago, public-sector banks saw a sharp reduction from 3.7 per cent in March 2024 to 2.8 per cent in March 2025. Private-sector banks' gross NPA ratio was stable at 2.8 per cent, while foreign banks declined to 0.9 per cent
Mint
4 hours ago
- Mint
RBI appoints veteran banker Kesavan Ramachandran as Executive Director
The Reserve Bank of India (RBI) on Tuesday, 1 July 2025, appointed veteran banker Kesavan Ramachandran as an Executive Director effective from 1 July 2025, according to the official release. 'The Reserve Bank of India (RBI) has appointed Shri Kesavan Ramachandran as Executive Director (ED) with effect from July 01, 2025,' said the central bank in its official statement. Also Read | RBI's stress test projects a marginal rise in bank bad loans by FY27 Ramachandran has been promoted to the Executive Director position at RBI from his current position as the Principal Chief General Manager in the Risk Monitoring Department. Who is Kesavan Ramachandran? Kesavan Ramachandran has spent over three decades working in the banking industry. He specialises in currency management, Banking and Non-Banking supervision, training and administration. He also served as Principal of the Reserve Bank Staff College during his career and as the central bank nominee on the Board of Cananra Bank for more than five years. Ramachandran was also on the Auditing and Assurance Standards Board of ICAI for a period of two years. Kesavan Ramachandran's role as the Executive Director will involve overseeing the Department of Regulation (Prudential Regulation Division). Kesavan Ramachandran's Education Kesavan Ramachandran holds a postgraduate degree of Master's in Business Administration in Banking and Finance and a diploma in International Financial Reporting from the Association of Chartered Certified Accountants (ACCA) in the United Kingdom. He is also a Certified Associate of the Indian Institute of Banking & Finance (IIBF). RBI's public debt, elevated asset valuation concerns RBI in its Financial Stability Report for June 2025, released on Monday, 30 June 2025, said the rising public debt in the Indian economy, elevated asset valuations, and geopolitical tensions can potentially lead to fresh market shocks. 'Financial markets remain volatile, especially core government bond markets, driven by shifting policy and geopolitical environment. Alongside, existing vulnerabilities such as soaring public debt levels and elevated asset valuations have the potential to amplify fresh shocks,' said the RBI in the quarterly report. India's Budget data showed that the nation's public debt which includes internal and external debt, among other liabilities, is estimated to cross ₹196.78 lakh crore at the end of the financial year 2025-26, compared to the revised estimates of ₹181.74 lakh crore at the end of 2024-25 fiscal year.
