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Veteran investor Vijay Kedia views the US tariffs on India as an opportunity for transformation and believes it will renew India s economic and emotional strength. Despite the volatility and concerns in the Indian market, experts suggest this challenge could be a pivot point for deeper trade rebalancing.

The Nifty Bank index closed 0.49 per cent up at 51597.35.

Ramesh Damani believes Donald Trump will reverse his policies and declare victory to avoid admitting failure. He argues Trump s actions are damaging global order and U.S. economic power, but the world is rapidly forming new alliances and moving on. Damani asserts America will eventually realize its overreach and attempt to restore normalcy.

The National Company Law Tribunal (NCLT) has sanctioned the settlement plan for Supreme Infrastructure India s ₹2,200 crore financial liabilities. The plan includes structured repayments through asset monetisation and contributions from promoters and new investors, addressing the outstanding debt with a total payout of ₹464 crore to financial creditors.

Gupta succeeds Michael Debabrata Patra whose five-year term ended in January. In the interim, deputy governor M Rajeshwar Rao has been overseeing monetary policy. The choice of Gupta - an expert in developmental economics and international trade - reflects the government s focus on economic policy amid global uncertainty driven by US tariffs and trade war.

The Reserve Bank of India s net short positions in the forward book surged to a record high of $78.6 billion in February. Most of the positions fall in the three-month to one-year category. This situation could potentially exert additional pressure on rupee liquidity as these positions mature and are rolled over.

Deposit growth for South Indian Bank, Central Bank of India, and Punjab & Sind Bank ranged from 5.5% to 8.7% year-on-year in the March quarter, while credit growth was quicker, at around 10% to 16%. These banks also saw a reduction in their CASA ratio.

Reinsurance treaty renewals on April 1 saw largely stable or softer rates due to competition among reinsurers. Despite continuing catastrophe risks, regulatory scrutiny, and new Irdai regulations, primary insurers secured significant discounts and enhanced treaty capacities, while cross-border reinsurers face operational challenges.

Banks and NBFCs like HDFC Bank, Yes Bank, and Bajaj Finance have started cutting deposit rates, signaling a downward trend in interest rates. The Reserve Bank of India is expected to announce another repo rate cut soon, which will further enhance liquidity and likely lower lending rates.