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The Reserve Bank of India has placed restrictions on New India Co-operative Bank of Mumbai, citing liquidity concerns. With deposits amounting to Rs 2436 crores at the end of March 2024, the bank is now prohibited from granting loans, renewing advances, or accepting new deposits starting February 13, 2025, to safeguard depositors interests.

​​Within financials, funds bought SBI Cards where declining incremental delinquencies in the credit card book could result in better numbers. PB Fintech was another pick as the company benefits from growing insurance penetration in the country.

RBI has told at least two state-owned banks to penalize corporate clients for breaching foreign exchange laws by obtaining guarantees from overseas banks. While such guarantees are barred under FEMA, RBI s 2019 master direction allows them. The discrepancies between these regulations have led to confusion and potential legal conflicts, prompting RBI to demand regularization.

NBFCs urged the RBI governor to increase the ECB limit, ease regulations on alternative vehicle financing, and accelerate eKYC permissions. They also requested the ability to utilize SARFAESI for loans below ₹20 lakh and flagged issues affecting MFIs and green financing policies.

Under subscriber- pays business model, ERP can withdraw a rating provided there are no subscribers for rating as on the date of withdrawal.

The board also extended the timeline of raising debt capital through tier-I or tier-II bonds of ₹4,000 crore up to March 31, 2026, the bank said.

In February 2023, GPT Healthcare raised ₹525 crore, while in September 2023, Jupiter Life Line Hospital secured ₹869 crore through its IPO.

Hindustan Construction Company (HCC) on Thursday reported a consolidated loss of Rs 38.92 crore in the December quarter of 2024, largely on account of change in tax regime.

Robinhood has gained a strong position in the crypto trading market with its commission-free model, attracting price-conscious customers and rivals such as Coinbase. The company saw an eight-fold increase in crypto trading revenue in the fourth quarter, boosting its stock. Analysts predict continued momentum in crypto prices and market share growth, driven by retail traders confidence.

Bharat Forge shares dropped by up to 5.3% following a Q3FY25 report revealing a 10.5% decline in net profit and a 10.1% revenue decrease. Despite these declines, the EBITDA margin stayed stable at 18%. Meanwhile, the company announced a Rs 2.50 interim dividend and signed an MoU with VEDA Aeronautics to develop advanced UAVs and High-Speed Aerial Weapon systems.