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The Nifty Auto index closed 0.22 per cent up at 21552.5.

The Reserve Bank of India has relaxed restrictions on New India Co-operative Bank, allowing withdrawals up to Rs 25,000, effective February 27, 2025. This follows an assessment of the bank s liquidity position. Additionally, the bank’s General Manager was arrested for allegedly embezzling Rs 122 crore.

The Reserve Bank of India (RBI) has raised the loan limits for urban co-operative banks (UCBs) to 0.40% of their Tier I capital and Rs 3 crore per borrower. The RBI also increased the exposure limits for residential mortgages to 25% of total loans and extended compliance timelines for security receipts valuation to 2027-28.

KVS Manian, Federal Bank s new MD & CEO, aims to position the bank among India s top five private banks. With a focus on key segments like mass affluent, non-resident, SME, and mid-market, Manian plans to expand the branch network and initiate strategic acquisitions. Private sector capex revival remains pivotal for boosting credit demand.

The Reserve Bank of India s draft guidelines for foreclosure on home loans, loans against property, and SMEs could boost competition among lenders and affect profitability. The new rules aim to increase borrower flexibility by waiving pre-payment penalties and foreclosure charges, impacting non-bank lenders and housing finance firms.

IRDAI is working towards implementing major regulatory changes over the next 18-24 months, including a risk-based capital framework and Indian accounting standards. The regulator aims for a faster rollout while ensuring industry adjustment. Initiatives like risk-based supervision and public listings for insurance companies are also in focus.

The tide is expected to turn for some of the companies including Swiggy and Mobkwik over the next few quarters. ETIG offers a snapshot of key takeaways from the recently concluded results season for each of these startups.

Extending losses to the fifth straight session, the Sensex closed below 75,000 for the first time since June 2024. It declined 856 points, or 1.14%, to end at 74,454. NSE s Nifty fell 242 points, or 1.06%, to close at 22,553. Both indices have now fallen over 5% this year.

Brokerages Bernstein and Jefferies view the recent drop in Mahindra & Mahindra shares due to concerns over Tesla’s potential market entry as a buying opportunity. Analysts emphasize M&M s strong product linkages with autos and agriculture, considering the stock a solid long-term investment.

The IPO consisted of a fresh issue of ₹225 crore and an offer for sale of 14.9 million shares. It was subscribed 1.29 times on its final day of bidding.