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The Reserve Bank of India is enhancing the banking ombudsman scheme. Customers may receive up to Rs 30 lakh for losses. An additional Rs 3 lakh can be awarded for harassment and time spent on grievances. Co-operative bank customers can now approach the ombudsman from November 1.

Nifty 50 companies are poised for double-digit net profit growth for the fourth consecutive quarter, driven by sectors like automobiles and metals. While revenue growth may remain subdued, analysts anticipate improved prospects in the latter half of the fiscal year, supported by GST rationalization and government stimulus.

India s central bank has proposed significantly higher provisioning for lenders under a new expected credit loss framework. Unsecured loans will face 100% provisions after one year of impairment, while other loans will require it after four years. This aims to align with global standards and strengthen credit risk management.

Investors can find value in Nifty Private Bank index exchange-traded funds. These funds track private banks whose share prices have declined. Valuations are now below their ten-year average. Private banks contribute significantly to corporate profits. They are well-positioned for India s economic growth. This investment is suitable for experienced investors aware of market volatility.

Indian markets saw volatile trading on weekly expiry day, ending nearly unchanged. This pause follows a recent rebound. Analysts suggest consolidation may occur, but the positive tone persists if Nifty stays above 24,900. Investors are advised to focus on selective stock picking. Several companies like Titan, JSW Steel, and Paytm are in focus due to recent updates and news.

According to IPO market watchers, Tata Capital s grey market premium stood at ₹5 apiece, or 1.5%, over the upper end of its price band of ₹326 on Tuesday evening. LG shares were at 27.4%, or ₹312 premium to the upper end of the issue price of ₹1,140.

Wall Street professionals are increasingly concerned about the rapid, massive gains in tech stocks, fueled by OpenAI s expansion and deals with companies like AMD and Oracle. These dramatic market value increases, reminiscent of the dot-com era, are raising fears of an unhealthy bubble and a potential market crash.

Adani Enterprises successfully raised ₹1,000 crore via non-convertible debentures, with ICICI Prudential Mutual Fund investing ₹300 crore. The funds will be utilized for debt repayment, subsidiary support, and corporate expenses. The debentures, rated AA-; Stable , carry an 8.7% interest and have tenors of two to three years.

A former IndusInd Bank official s wife traded Kesoram Industries shares after learning of acquisition talks. She profited significantly. The official also traded other company shares through family members, earning over ₹32 crore. He shared this information with colleagues. The bank is investigating and cooperating with SEBI. This comes after previous accounting irregularities at IndusInd Bank.

The Reserve Bank of India will start a deposit tokenisation pilot on October 8. This initiative will create digital representations of assets like deposits. The pilot will use the wholesale segment of its central bank digital currency. Several banks are collaborating on this project. Tokenisation aims to make transactions faster, cheaper, and safer.