Govt interviews prominent economists, FinMin official for new RBI deputy governor
The Indian government began interviewing candidates for a new central bank deputy governor this week, less than a month after appointing a new head to the Reserve Bank of India and weeks before a crucial interest rate decision.

RBI Governor Sanjay Malhotra to convene first pre-policy meet with industry leaders on January 22
New Delhi: Ahead of the monetary policy review from February 5-7, Reserve Bank of India (RBI) Governor Sanjay Malhotra has convened a meeting on January 22 with industry captains, including heads of apex industry chambers of commerce. 

RBI to conduct daily VRR auctions starting January 16 amid liquidity deficit
Mumbai: To ease liquidity tightness in the banking system, the Reserve Bank of India (RBI) has decided to conduct daily Variable Rate Repo (VRR) auctions until further notice. The first such auction will be conducted on January 16 for ₹50,000 crore.

Budget 2025: Govt may announce old tax regime phase-out
Finance minister Nirmala Sitharaman may announce a road map for a gradual phasing out of the old personal income tax regime over the next few years in the Budget for FY26. Sitharaman may also tweak the new regime, introduced in FY21, to make it the naturally preferred choice for all taxpayers through the phase-out period.

RBI grapples with liquidity crunch despite CRR reduction of 50 basis points in December

The Reserve Bank of India is struggling to get a grip on the liquidity crunch in the banking system.

United Forum of IDBI Officers and Employees meet MPs, press case against IDBI Bank disinvestment
 

Punjab & Sind Bank eyes ₹2,000-crore QIP fundraise in Q4FY25: MD & CEO Swarup Kumar Saha
New Delhi: Punjab & Sind Bank (PSB) will tap the Qualified Institutional Placement (QIP) route to raise capital this quarter, its Managing Director Swarup Kumar Saha said on Wednesday.  This State-owned lender is one of the five public sector banks which has got the Finance Ministry’s nod for a QIP mop-up of ₹2,000 crore. The other four banks that have received approval for similar QIPs are the Indian Overseas Bank, Bank of Maharashtra, UCO Bank and Central Bank of India. 

Bank of Maharashtra reports 36% increase in Q3FY25 net profit at ₹1,406 crore
 

Tips to increase your home loan eligibility on a Rs 45,000 salary
Home loans provide financial support for individuals aiming to purchase a home. For a Rs 45,000 salary home loan, lenders assess several factors, including income, repayment capacity, and financial stability, before approving a loan. Understanding these criteria is key to improving your eligibility and securing a favourable loan amount. By optimising your financial profile and meeting lender requirements, you could enhance your chances of approval. Here are some practical tips to consider.

There is no change from organisational perspective: Truhome Finance CEO
Last year, private equity major Warburg Pincus acquired 100 per cent stake in Shriram Housing Finance, which is now re-branded as Truhome Finance. Ravi Subramanian, managing director (MD) and chief executive officer (CEO) of the company, tells Aathira Varier, at an interview in Mumbai, that he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating. Edited excerpts:

Credit Card Fraud: How to protect yourself by reporting unauthorised transactions? Find out
Credit card and banking related frauds have been on the rise. Despite the efforts of regulators such as the RBI (Reserve Bank of India), fraudsters have found ingenious ways to cheat unsuspecting individuals. So, what is the liability of the customer in such cases? If you report it within three days, you will have zero liability for the unauthorised transaction. Here is a guide on customer liability for unauthorised credit card transactions.

Government should target Rs 11 lakh crore in FY26, give relief to taxpayers in lower bracket in Budget: ICRA
The government should target a capital spending of Rs 11 lakh crore in the Budget for the next fiscal while giving inflation-adjusted relief on personal income tax to boost consumer spending, rating agency ICRA said on Wednesday.

Unlocking New Possibilities: The Power of ECL Adoption for NBFCs
In today’s fast-evolving financial landscape, the ability to anticipate and mitigate risks is crucial for the survival and success of Non-Banking Financial Companies (NBFCs). The adoption of the Expected Credit Loss (ECL) framework, under Ind AS 109, is proving to be a transformative step for NBFCs, enabling them to shift from a reactive to a proactive approach in managing credit risk. This change allows institutions to predict and prepare for potential credit losses, enhancing financial stability while aligning with global standards. More than just a regulatory compliance measure, ECL adoption equips NBFCs to thrive in a world marked by increasing economic volatility.

Simplifying Finances with Bajaj Finserv Gold Loan: A Smart Way to Acquire Funds
Pune: Gold has long been a symbol of tradition, security, and wealth in India. However, many people are unaware that their gold jewellery can also serve as a quick and convenient source of funds during emergencies. Borrowing a gold loan has become one of the fastest and easiest ways to secure cash when required urgently, whether for medical expenses, business capital, or personal needs. Pledging gold offers a way to unlock funds without parting with precious assets.

Sundaram Alternates crosses ₹1,000 crore-mark with real estate fund IV
 

Market in 2025 will be a story of 2 halves: Gupta of Axis MF
Mumbai: Ashish Gupta, chief investment officer of Axis AMC, expects the stock markets in 2025 to be a story of two halves. The first half will be more challenging because of a subdued economic expansion and a slowdown in corporate earnings growth. By the second half, these headwinds should ease, with corporate India returning to double-digit growth and presenting new opportunities, Gupta pointed out. Edited excerpts:

Falling equities can hit HDFC MF
HDFC Asset Management Co. Ltd (HDFCAMC) saw its actively managed equity assets under management (AUM) benefitting from significant mark-to-market (MTM) gains, which far outpaced fresh flows, contributing to a strong performance in Q3FY25. Actively managed equity AUM is crucial for an AMC, as it generates the highest yield.

Performance slump halts Quant MF's dream run, AUM growth lags in Q3
 

‘India to see more investments in 2025 as PEs look to deploy dry powder’
Private equity firms are doubling down on India, driven by the country’s expanding consumer base, advancements in healthcare, and the rise of high-precision manufacturing. 

Motilal Oswal PE arm to raise $1 billion, its largest fundraise so far
Mumbai: The private equity arm of Motilal Oswal is in the process of launching its fifth fund to raise around $1 billion that will be used to invest in growth capital, sources said. This is expected to be the largest fund raise by Motilal Oswal Alternates and comes  two years after it raised ₹4500 crore under India Business Excellence Find IV, which is under deployment. In response to an email sent seeking clarification, the company responded saying that it was yet to finalise details on the new fundraise plan. “We will inform you whenever we do.”

Motilal Oswal Private Wealth for staggered investment in equity
Mumbai: Motilal Oswal Private Wealth believes that investors should go for a staggered investment in equity with a large-cap bias and consider lumpsum investment if the market falls 7-8 per cent.

Sundaram Alternates Real Estate Credit Fund IV crosses Rs 1,000 Crore in capital commitments
Source Credit: Sobia Khan, The Economic Times

Sundaram Alternates (SA), a $850 million alternative asset manager and a part of the Sundaram Finance Group, has deployed Rs 1000 crore across multiple deals in real estate in the last 7 months. .

The Sundaram Alternative Opportunities Series – High Yield Secured Real Estate Fund IV has closed 12 deals aggregating to around 70% of funds raised to date with the portfolio yielding close to 19% IRR.

" Our focus has always been on making secured investments that generate consistent returns while protecting our investors’ capital. Over the years, SA has deployed over Rs 3,200 crore into senior credit at 18-20% asset level returns, which provides a strong buffer to deliver consistent mid-teen net returns to investors,” said Karthik Athreya, Director & Head of Strategy - Private Credit at Sundaram Alternates.

The SA RE Credit Fund IV will focus primarily on South Indian micro markets with established developers who have strong execution strengths of timely deliveries in the mid-market residential segment.

The fund has attracted a diverse pool of investors across institutions, family offices, corporate treasuries and high-net-worth individuals given the strong emergence of real estate as an asset class.

“Majority of our LPs are repeat investors who have appreciated Sundaram’s risk-mitigated and cautious approach to underwriting and prioritisation on capital safety and risk management. SA’s goal on the private credit business is to create diverse secured credit portfolios that are resilient in the face of macro and micro headwinds while being able to tap into interesting risk-reward opportunities that deliver attractive returns”, he said.
https://economictimes.indiatimes.com/markets/stocks/news/sundaram-alternates-real-estate-credit-fund-iv-crosses-rs-1000-crore-in-capital-commitments/articleshow/117259181.cms


 

JM Financial appoints Ankur Jhaveri as head of Institutional Equities
 

BoB raises Rs 5,000 crore through 10-year infrastructure bond at 7.23%