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Prior to this, existing guidelines prescribed prudential limits for outstanding borrowing in call and notice money markets for scheduled commercial banks.

All entities regulated by the central bank will have to ensure invocation of default guarantees within 120 days of a loan falling overdue, guidelines issued Thursday by the central bank mandated.

The Reserve Bank of India has kept interest rates unchanged for the second consecutive meeting of the Monetary Policy Committee, with the repo rate remaining at 6.5%. Governor Shaktikanta Das suggested that the real interest rate meant a cut in policy rates was possible as the interest rate cycle may have peaked. The inflation target mandate, a monetary policy objective aimed at controlling the rate of price increases, emerged in 2016 after years of price increases led to negative real interest rates and spawned financial instability.

The Bank Nifty snapped its four-day winning streak to slip below 44,000. The gauge of top banking stocks settled at 43,995.25, down 277.05 points or 0.63% from the previous close.

One reason investors buy the broad market is to diversify the risk of owning too few stocks. But with five of them dominating the S&P 500, some investors may be wondering if buying a broad market index is too dicey

The portion reserved for qualified institutional investors was subscribed 164 times, while the portion for non-institutional investors, or high-net-worth individuals, was subscribed 63 times. The retail portion was subscribed 14 times.

Canada Pension Fund will likely sell partial stake in private lender Kotak Mahindra Bank through block deals today, according to reports.

I think the larger banks, ICICI, Axis etc. will continue to do well. So on the large cap space, even Bharti has consolidated for a long time. It could give decent double-digit returns from here. On the midcap side focus is again on some auto ancillaries, some consumer names, but those have seen some run-ups so we need to wait for them.

So while the majority still believes that this should be the way forward, I think when the US starts probably pivoting or talking towards a rate cut in future, I think that is when, of course, inflation definitely is important, but it is going to be very difficult to envisage that the globe starts easing interest rates and India would probably wait for a more durable reduction

The dollar has fallen due to lower US Treasury yields, after a rise in weekly jobless claims suggested that interest rates were peaking. The focus now shifts to the upcoming week which will see the Federal Reserve, European Central Bank and Bank of Japan announce details of their interest rate decisions after their respective policy meetings. Experts say that, as the US slows down, the Fed may be tempted to pause its rate rises after completing five interest rate hikes. It is believed that the ECB will raise key interest rates by 25bps on 15 June and again in July before pausing for the remaining months of the year.