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Sources said on Friday that former BOJ board member Kazuo Ueda is set to become the next governor. In an interview the same day, he said it was appropriate for the BOJ to maintain its current ultra-easy policy.

Markets have already sharply raised the profile for future tightening by the Federal Reserve, with rates now seen peaking up around 5.15% and cuts coming later and slower. There is also a full slate of Fed officials speaking this week to provide a timely reaction to the data. Yields on 10-year Treasuries are at five-week highs of 3.75%, having jumped 21 basis points last week, while two-year yields hit 4.51%.

For a sample of 29 banks, the bad loan provisioning fell by 27.6% year-on-year to Rs 23,080.6 crore in the December quarter. NII increased by 34.5% to a record Rs 1.8 lakh crore. NII is calculated as the difference between total interest earned and interest expended.

French firm had agreed to guarantee 50% of H2 project debt over and above $4 b equity for 25% stake in Adani New Industries Ltd.

Net inflows from domestic institutional investors (DIIs) stood at Rs 27,134 crore during the quarter, as against net inflows from foreign institutional investors (FIIs) at Rs 47,349 crore, resulting in their shareholding marginally increasing to 20.18 per cent in December 2022, from 19.98 per cent in September 2022, massively down from 23.30 per cent in March 2015, when the combined share of DIIs, retail and HNIs was only 18.47 per cent

Under the new tax regime, the rebate for income tax has been increased to Rs 7 lakh from the earlier limit of up to Rs 5 lakh. The budget announced that the new income tax regime will now be the default regime, but taxpayers can opt for the old regime. Now anyone earning up to Rs 7.5 lakh is kept outside the purview of income tax

In Q3, steel companies also saw a decline in their profit, which led to a further fall in stock prices. Tata Steel in Q3 FY23 reported a consolidated net loss of Rs 2,224 crore for the December quarter, while the company had posted a profit of Rs 9,572 crore in the last-year same period

Similarly, more recently, when prices of some of these specific scrips started to fall because of certain market information, regulators were active through the ASM mechanism. In my opinion, our markets have a robust existing framework to shortlist scrip under ASM

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The Mumbai-based Union Bank of India witnessed a 107 per cent rise in net profit at Rs 2,245 crore, while Chennai-based Indian Bank reported a 102 per cent increase at Rs 1,396 crore for the October-December period of 2022