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That is a lot more dovish than a week ago when markets priced a similar chance of a 50 bp hike, but it is also a lot more hawkish than a day ago when crisis fears had traders pricing a 50% chance of a hold and steep cuts later in the year.

The Federal Reserve is seen raising its benchmark rate a quarter of a percentage point at its policy meeting next week and again in May, as a government report showed U.S. inflation remained high in February, and concerns of a long-lasting banking crisis eased.

The sale of JBF Petrochemicals will equate to a 41% recovery for financial creditors. The resolution professional, Sundaresh Bhat, backed by BDO India, admitted Rs 5628 financial and operational creditors claims.

The report notes that banks have drawdown Rs 5 lakh crore from the reverse repo window in FY23, which has enabled them to address a surge in the gap between incremental credit and deposits, but this will not be available in FY24. Therefore, MCLR will show a significant rise, the report noted.

The country has witnessed the hottest ever February this year and the India Meteorological Department has issued warnings of heatwaves from March to May, with temperatures expected to rise 3-5 degree Celsius above normal.

Union Bank had put on sale a ₹410-crore loan of bankrupt Visa Steel and set the reserve price at ₹164.28 crore, entailing a recovery of at least 40%. For the ₹212-crore debt to Hotel Horizon, the reserve price was set at ₹165 crore, seeking at least 77% recovery.

In 2018, ICICI Bank reported its worst asset quality in a decade amid dwindling return ratios. Gross bad loans more than doubled in three years to 8.8%, while return on assets (RoA) halved to 0.9%. As Bakhshi moved to the granular retail lending from bulk corporate loans, gross bad loans fell to a seven-year low of 3.6% in fiscal 2022, while RoA crossed 2%.

The Reserve Bank of Australia, meanwhile, is already done hiking, according to pricing, after traders erased bets for two additional increases. Even in Europe, which kicked off its tightening cycle much later than peers, traders have wiped off around 80 basis points from terminal-rate wagers, and another half-point hike on Thursday — all but certain last week — is no longer guaranteed

The collapse of two banks in the US -- Silicon Valley Bank and Signature Bank -- have raised concerns about the health of the financial system even as American regulators are taking steps to control the situation.

The company offered green bonds maturing in three years and one month marking the first such offering by any real estate investment trust (REIT) in India, the bankers said.