Latest news with #UjjivanSmallFinanceBank
Mint
a day ago
- Business
- Mint
India bond yields inch up tracking US peers
MUMBAI, July 14 (Reuters) - Indian government bond yields ended higher on Monday, as traders reacted to elevated U.S. Treasury yields, while looking through a sharp decline in local retail inflation that was largely factored in. The yield on the benchmark 10-year bond ended at 6.3163%, compared with a previous close of 6.2994%. Still, so-called ultra long bond yields declined for a second straight session as investors continued to chase 30-year to 50-year papers. The 30- to 50-year bond yields eased by around 3 bps, after a large state-run player bought a chunk of 50-year bonds on Friday. India's annual retail inflation slowed to 2.10% in June, the lowest since January 2019. The pace of price rise was slower than 2.82% in the previous month, government data showed on Monday, as well as against an estimate of 2.50% in a Reuters poll of 50 economists. "Bonds will largely remain rangebound, with a bias for yields to move up," said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank. The 10-year U.S. yield rose 8 basis points on Friday and stayed elevated on Monday as traders worried about potentially higher inflation rates in the world's largest economy. The U.S. retail inflation print, due after Indian market hours on Tuesday, is expected to show a 0.3% month-on-month gain, up from 0.1% in May, according to a Reuters poll. "The US treasuries witnessed some sell off on continuing fiscal concerns and Fed minutes that indicated no rate cuts in the near term," said Upasna Bhardwaj, chief economist at Kotak Mahindra Bank. India's short-term overnight index swap rates moved lower amid receiving interest after the local inflation data release, while long-end rates saw paying due to the rise in U.S. yields. The one-year OIS rate ended at 5.54% and the two-year OIS rate was up 2 basis points at 5.51%. The liquid five-year rose nearly 4 basis points to 5.74%. (Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
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Business Standard
04-07-2025
- Business
- Business Standard
Ujjivan Small Fin slips 7% on releasing Q1FY26 business update; Details
Ujjivan Small Finance Bank shares slipped 6.7 per cent in trade, logging an intraday low at ₹45.83 per share. The stock slipped after the small finance bank released its Q1 business update. At 1:06 PM, Ujjivan Small Finance shares were trading 2.6 per cent lower at ₹47.88 per share on the BSE. In comparison, the BSE Sensex was down 0.14 per cent at 83,126.51. The company's market capitalisation stood at ₹9,266.44 crore. Its 52-week high was at ₹51.8 per share and 52-week low was at ₹30.85 per share. Catch Stock Market LIVE Updates: Sensex slips 120 pts, Nifty tests 25,350 Ujjivan Small Finance Bank Q1 update The bank's current account savings account (CASA) for the quarter stood at ₹9,378 crore as compared to ₹8,334 crore a year ago, up 12.5 per cent. However, CASA fell 2.5 per cent on a sequential basis. Its CASA ratio for Q1 stood at 24.3 per cent as against 25.6 per cent a year ago and 25.6 per cent in Q4FY25. The banks' gross loan book increased 10.7 per cent year-on-year (Y-o-Y) to ₹33,287 crore as compared to ₹30,069 crore. However, the overall disbursement fell 12.1 per cent to ₹6,543 crore as compared to ₹7,440 crore in Q4FY25, down 12.1 per cent quarter-on-quarter (Q-o-Q) basis. The bank's gross non-performing asset (GNPA) for the quarter under review stood at 2.5 per cent as against 2.2 per cent in Q4FY25 and 2.3 per cent a year ago. About Ujjivan Small Finance Ujjivan Small Finance Bank offers a comprehensive range of products including microbanking loans, MSME and business finance, affordable housing and vehicle loans, as well as a suite of savings, fixed deposits, and current account offerings tailored for individuals and small businesses. Its savings accounts come with competitive interest rates of up to 7.5 per cent per annum, and the bank actively supports NRI banking and third-party investment services.
Time of India
12-06-2025
- Business
- Time of India
RBI buyback sees strong demand with bids doubling notified amount
The Reserve Bank of India (RBI) received bids Rs 53,031 crore against the notified amount of Rs 26,000 crore at the second buyback auction of this fiscal year. At the auction held on Thursday, the central bank accepted 99% of the notified amount. At the first buyback held last week, the RBI received bids worth Rs 27,256 crore, of which the central bank accepted Rs 23,856 crore or 95% of the notified amount, data showed. Buybacks are a way for the government to pay off debt for next fiscal year to reduce its gross borrowing. It also results in RBI infusing durable liquidity into the system. The RBI bought back five government bonds maturing in 2026 at Thursday's auction. The 5.63% 2026 government bond saw the highest demand with bids received at Rs 26,616 crore. Of this, the central bank accepted Rs17,402 crore. 'The strong demand at the buyback auction indicates that banks may have taken this opportunity to lighten their HTM book, especially because there are no OMOs on the horizon,' said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank . 'In a buyback, banks get to sell short-term bonds and replace them with longer maturity papers and lock-in yields. Further buyback auctions will depend on how the government spending pans out and on evolving liquidity conditions.' Bonds maturing in FY27 are more than double versus this year at Rs 6.48 lakh crore and are consistently high until 2032. The government has also budgeted Rs 2.5 lakh crore for bond switches this year, 60% more than the previous year. In a bond switch, the government replaces bonds maturing in the near term with long-term debt. The RBI, on behalf of the government, is scheduled to conduct an auction on Monday to switch government securities worth Rs 25,000 crore. It will conduct the auction to switch nine government bonds maturing between 2026 and 2029 for papers with maturity between 2032 and 2062.
Economic Times
12-06-2025
- Business
- Economic Times
RBI buyback sees strong demand with bids doubling notified amount
The Reserve Bank of India (RBI) received bids Rs 53,031 crore against the notified amount of Rs 26,000 crore at the second buyback auction of this fiscal year. At the auction held on Thursday, the central bank accepted 99% of the notified amount. ADVERTISEMENT At the first buyback held last week, the RBI received bids worth Rs 27,256 crore, of which the central bank accepted Rs 23,856 crore or 95% of the notified amount, data showed. Buybacks are a way for the government to pay off debt for next fiscal year to reduce its gross borrowing. It also results in RBI infusing durable liquidity into the system. The RBI bought back five government bonds maturing in 2026 at Thursday's auction. The 5.63% 2026 government bond saw the highest demand with bids received at Rs 26,616 crore. Of this, the central bank accepted Rs17,402 crore. 'The strong demand at the buyback auction indicates that banks may have taken this opportunity to lighten their HTM book, especially because there are no OMOs on the horizon,' said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank. 'In a buyback, banks get to sell short-term bonds and replace them with longer maturity papers and lock-in yields. Further buyback auctions will depend on how the government spending pans out and on evolving liquidity conditions.' ADVERTISEMENT Bonds maturing in FY27 are more than double versus this year at Rs 6.48 lakh crore and are consistently high until 2032. The government has also budgeted Rs 2.5 lakh crore for bond switches this year, 60% more than the previous a bond switch, the government replaces bonds maturing in the near term with long-term debt. The RBI, on behalf of the government, is scheduled to conduct an auction on Monday to switch government securities worth Rs 25,000 crore. It will conduct the auction to switch nine government bonds maturing between 2026 and 2029 for papers with maturity between 2032 and 2062. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
09-06-2025
- Business
- Business Standard
Top stock picks for today, June 9: Arkade Developers, ABREL and more
Stock recommendations: Arkade Developers Buy: ₹196.27 Stop loss: ₹178 Target price: ₹220 Arkade Developers has witnessed a breakout from a rounding formation on the daily timeframe, signalling accumulation and a strong bullish setup. The breakout is supported by higher volume on buying days compared to selling days, indicating sustained demand. Technically, the stock is comfortably trading above its 20 EMA, which is expected to act as a dynamic support. Based on the current structure, the stock looks poised to move toward the 220 mark, with immediate support placed at ₹178. Track LIVE Stock Market Updates Here Aditya Birla Real Estate Stop loss: ₹2,285 Target price: ₹2,457 Aditya Birla Real Estate (ABREL) has formed a strong bullish candlestick on the daily chart, supported by the highest volume seen in the past six months, indicating strong buying interest. On the indicator front, RSI is placed above 60, confirming positive momentum and aligning with the broader bullish trend in the real estate sector. Ujjivan Small Finance Bank Buy: ₹47.83 Stop loss: ₹44 Target price: ₹55 Ujjivan Small Finance Bank on the daily timeframe, the stock surged nearly 7 per cent, forming a strong bullish candlestick, accompanied by a breakout from an ascending triangle pattern, typically a bullish continuation setup indicating renewed upward momentum. On the indicator front, the Relative Strength Index (RSI) is heading north, reinforcing the strength of the current move and supporting the positive price action.
