Ban News

A spate of big-ticket debt sales show the leveraged buyout market is tentatively kicking back into gear, offering some relief to investment bankers after a moribund period for dealmaking.

During a Parliament session, AAP leader Raghav Chadha criticised the conditions of banks in rural India. In a cheeky response to his concerns, Finance Minister Nirmala Sitharaman said that the AAP leader’s exposure to the western world would help people within the country.

INDIA-BANKS/LOANS (PIX):Indian banks’ loan growth slows for eighth straight month in February, RBI data shows

Indian equity indices snaps 7-day winning streak and ended lower on March 26. At close, the Sensex fell 728.69 points or 0.93 per cent to close at 77288.50, and the Nifty went down by 181.80 points or 0.77 per cent to end at 23486.85.

The Sensex 77,000 call option (CE) surged 367% in just eight days, while the Bank Nifty 48,500 CE skyrocketed by 611% in nine trading sessions, creating lucrative opportunities for derivatives traders.

Emkay Global Financial Services has removed IndusInd Bank from its model portfolio due to leadership uncertainty and a derivatives accounting issue, replacing it with Power Finance Corporation for its attractive valuation and growth potential in the power sector.

Kotak Mahindra Bank Ltd.’s private banking unit expects to add thousands of new families to its portfolio, as it seeks to scale up to fight falling margins in India’s growing wealth management industry.

Bank holiday today: Are banks closed today on March 27 for Shab-I-Qadr in Jammu & Kashmir? Check details here.

RBI has found that HDFC Bank did not comply with certain directions mentioned in the RBI’s KYC master direction and hence imposed a monetary penalty of ₹75 lakh on the bank.

Stocks to buy or sell for short-term in F&O segment: Jay Thakkar of ICICI Securities recommends buying Kotak Bank April Futures, Bajaj Finance April Futures, and Samvardhana Motherson April Futures.