GROSS NON PERFORMING ASSETS
PMS Tracker: Top 15 funds gain up to 16.5% in May; Elever, Axis strategies lag
PMS returns May 2025: At least 15 PMS strategies posted over 13% returns in May 2025, led by Money Grow Asset’s Small Midcap strategy. Smallcap and thematic funds rebounded strongly, while quant-based and sectoral strategies underperformed, widening the performance gap among portfolios.
US groom recreates Hrithik Roshan's iconic dance moves to his hit song. Even the superstar cheers
An American groom, Mark Blasko, surprised his Indian bride, Ayushi, and wedding guests in Portugal with a vibrant Bollywood dance performance to 'Dhoom Again'. The groom's energetic recreation of Hrithik Roshan's iconic moves went viral, garnering over 9 million views and even a reaction from the Bollywood star himself.
Jubilant promoters eye Rs 2,000 crore via stake sales for Hindustan Coca-Cola Beverages deal
Jubilant Bhartia Group's promoters are selling minority stakes in listed companies to raise ₹2,000 crore for partially funding the acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB). Goldman Sachs Asset Management has already raised $600 million for the deal, and the group is divesting non-core assets. The deal values Coca-Cola’s bottling arm at ₹31,250 crore.
Microfinance sector sees equity, borrowing and loan book shrink in FY25
NBFC-MFIs saw their equity shrink 1.8% and debt funding drop 36% in FY25 amid tightened lending by banks and investors. Loan portfolios also contracted nearly 14% as lenders slowed disbursements due to asset quality concerns.
NBFCs outpace banks in credit growth in FY25: BCG Report
NBFCs significantly outpaced commercial banks in credit growth during FY25, recording a robust 20% increase compared to the banking sector's 12%. This expansion was primarily driven by Gold NBFCs, boosting the sector's net advances to Rs24.5 lakh crore.
Non-life insurance industry register 6.5% y-o-y rise in gross direct premiums
The non-life insurance sector experienced a 6.5% increase in gross direct premiums in May, reaching Rs22,257 crore, although growth slowed compared to the previous year. Standalone health insurers outperformed general insurers, while the implementation of the 1/n rule impacted premium reporting. New India Assurance saw significant gains, contrasting with declines in some other major players.
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Vijay Mallya claims he repaid money in full. But what's the reality?
Vijay Mallya's recent podcast reignited controversy over his loan repayments, with the government and banks refuting his claims of harassment and full repayment. Lenders assert that Mallya still owes nearly Rs 7,000 crore, considering accrued interest and penal charges. Mallya, a fugitive since 2016, faces ongoing legal battles for extradition and financial fraud charges.
As the Indian economy grows, they too will grow. Some slowly, a few faster: 8 NBFC stocks stocks with upside potential of up to 46%
Let’s ask ourselves three simple questions. One: Is the financial services sector better placed after the RBI’s clean-up? Two: If an economy like India grows, can it be that this sector does not grow? Three: Can FIIs, whose selling caused sectoral underperformance, stay away from these stocks when they return? The answer to the first question is yes. And it is a no for the second. The answer to the third question was open, but now it seems to be veering towards a yes. As a sector, NBFCs will grow faster than many other sectors, because they provide credit. And credit was/is/and will remain in greater demand than its supply. So, a provider of credit is bound to grow as the Indian economy grows.
Motilal Oswal initiates coverage on Time Technoplast with ‘buy’ rating, Rs 578 target price; stock up 9%
Time Technoplast shares: From FY21 to FY25, TIME achieved a CAGR of 16% in revenue, 19% in EBITDA, and 39% in PAT, with its EBITDA margin rising by 150 basis points to 14.4%. Looking ahead, the brokerage forecasts a 15% CAGR in revenue.
Adrian Mowat on why non-US assets are becoming more appealing than US equities & bonds
Strategist Adrian Mowat suggests a shift in investment focus. Emerging markets are gaining traction due to potential rate cuts and a weakening dollar. The US-China trade talks are unlikely to yield significant concessions. Fiscal challenges in developed nations further enhance the appeal of emerging economies like India, China and Brazil.
Bad loan provisions increased in March quarter amid microfin stress
Loan loss provisioning by banks, especially private sector banks, increased in March 2025 quarter due to higher slippages and asset quality pressure in microfinance loans. NPA provisioning rose sequentially and year-on-year, with 22 banks reporting an increase. Stress in the microfinance portfolio is expected to continue, potentially leading to further slippages in the coming quarters.
Equity, debt or gold, which asset class has delivered highest returns in last 11 years? Here’s an annual performance tracker
The best route to wealth creation is through asset allocation and diversification across asset classes. But the right mix depends on your risk profile and goals. Still, are some combinations better than others? Welcome to TrendMap, your quick, visual guide to the performance of different investment segments. In this edition, we compare seven asset combinations. Portfolios with gold have delivered a notable returns boost in recent years, while those with zero gold exposure have consistently ended up at the bottom. By Sameer Bhardwaj.
Banks' proposal for tax relief on NPA interest under review
The government is considering banks' request to amend income tax law, aligning NPA definitions with RBI norms to exempt interest earned on NPAs. Banks also seek increased deduction for NPA provisions, potentially boosting their bottom lines. This move addresses discrepancies causing unjust tax liabilities on unrealized income, as current regulations tax notional interest on NPAs despite RBI non-recognition.
Why should a vegetarian order from non-veg serving eatery if it hurts sentiments, asks consumer panel
A Mumbai consumer commission dismissed a complaint from two individuals who claimed they were wrongly served non-vegetarian food at a Wow Momos outlet. The commission questioned why the complainants ordered from a restaurant serving both vegetarian and non-vegetarian options if their religious sentiments were easily hurt by meat.
'Good Night, and Good Luck' on CNN: How to watch George Clooney's Broadway play for free
The Broadway show "Good Night, and Good Luck" has broken box office records since its opening this April — and tonight, June 7, anyone can watch it live on TV. CNN recently announced that it would be televising the Broadway play's penultimate performance live from the Winter Garden Theater, and the big day is here.
Alappuzha Gymkhana OTT release: When and where to watch this Malayalam sports drama
Alappuzha Gymkhana, a Malayalam sports drama, has become a surprise hit, grossing Rs 65 crore worldwide. Directed by Khalid Rahman and starring Naslen, the film follows teenagers who pursue boxing for college admissions, discovering brotherhood and ambition. The film is set for its OTT release on Sony LIV on June 13, streaming in five languages.
Bajaj Finance fixes June 16 as record date for 1:2 stock split, 4:1 bonus equity share
Bajaj Finance has fixed June 16, 2025, as the record date for its 1:2 stock split and 4:1 bonus equity share issue. This comes after a strong Q4 performance, with 19% YoY profit growth, 26% AUM rise, and RBI’s surprise rate cut boosting sentiment.
'Thug Life' box-office report: Kamaal Haasan's magnum opus scores lower than 'Vikram ' and 'Indian 2' on day 1, loses momentum on day 2
Kamal Haasan and Silambarasan's Thug Life, directed by Mani Ratnam, had a modest opening, earning ₹17 crore on Thursday, but faced a dip on Friday with ₹7 crore. The film's performance lags behind Haasan's previous hits like Indian 2 and Vikram. A ban in Karnataka and mixed reviews further complicate its box office prospects, despite a strong ensemble cast.
New stats register soon to help gauge business outlook
The government is set to launch a Statistical Business Register (SBR) to compile data on businesses at the district and state levels. This initiative by the Ministry of Statistics and Programme Implementation (MoSPI) aims to improve business surveys and market analysis.
India continues to remain an attractive investment destination, says RBI governor
India attracts significant foreign investment. Gross FDI inflows increased to $81 billion in FY2024-25. Net FDI moderated, signaling a maturing economy. ECBs and non-resident deposits also saw higher inflows. Despite FPI outflows, India's external buffers remain strong with substantial foreign exchange reserves. The current account deficit is contained.
From trading floors to retail loans, traditional banks lose ground to tech-savvy challengers: BCG
Traditional banks are losing ground to fintechs and digital-native competitors due to their slow adoption of technology and outdated operating models. These challenger firms, with their scalable platforms and lean cost structures, are capturing a growing share of financial services revenue. Consequently, investors are increasingly wary of traditional banks' declining profitability and efficiency.
Stress riding pillion on two-wheeler loans, may puncture asset quality: Moody's
Moody's Ratings warns of potential asset quality decline in Indian banks' vehicle loan portfolios. The agency cites slowing vehicle sales growth post-pandemic. Two-wheeler loans are particularly vulnerable due to younger, lower-income borrowers. System-wide non-performing loans are expected to remain between 2-3%. Unsecured loan defaults are rising, while housing loans are expected to remain stable.
Aptus Value Housing shares slump 10% after 8.8% equity stake likely sold in block deal
Aptus Value Housing shares are under the spotlight as Westridge Investments plans a Rs 1,495 crore block deal to sell a 9.8% stake. The company reported a 26% rise in Q4 net profit and strong growth in assets and disbursements. Analysts maintain a ‘Buy’ rating with an average target price of Rs 388, indicating 15% upside potential.
PSU banks to set up common platform for debt recovery
State Bank of India, Punjab National Bank, and Bank of Baroda, along with two other PSBs, are collaborating on a common collection firm via PSB Alliance Pvt Ltd to recover retail and MSME loans below ₹5 crore. This initiative aims to enhance recoveries and allow banks to concentrate on core activities.
Signs of revival: Five listed NBFC-MFIs take Rs 2,440 cr bad loans off balance sheets in Jan-March
Microfinance lenders in India aggressively cleared bad loans in Q4 FY25, significantly impacting profitability. This strategic move aims to prepare for an expected turnaround, with listed NBFC-MFIs writing off Rs 2,440 cr. The sector faces challenges like over-indebtedness and disruptions, prompting introspection and operational adjustments for a more sustainable future.
Spandana Sphoorty suffers net loss, auditor flags concerns over frauds
Spandana Sphoorty Financial announced a net loss of Rs 434 crore for the fourth quarter, alongside troubling findings from independent auditors who have flagged issues of potential fraud and weaknesses in internal controls. The company's asset quality has taken a hit, evident by the rise in gross non-performing assets.
Public sector banks drive record profits in India for FY25 amidst asset quality improvements
Indian banking profits soared to a record high in FY25, driven by public sector lenders' strong performance. PSBs witnessed a 26% profit surge, narrowing the gap with private banks' 7% growth. Improved asset quality, aided by regulatory measures and bankruptcy code, contributed to the sector's impressive earnings, despite concerns about unsecured loans and microfinance stress.
Rise in long term delinquencies show persistent repayment challenges in microfinance
A recent CRIF High Mark report reveals a mixed bag for India's microfinance sector. While early-stage delinquencies have slightly improved, longer-term repayment challenges persist, particularly for banks and small finance banks. Karnataka's tightened regulations led to a surge in non-performing assets, and Tamil Nadu anticipates a similar trend as it moves towards regulation.
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