Kotak Mahindra Bank stock: 5 reasons why Goldman Sachs thinks Kotak can be $100 bn-bank in next 4 years

NEW DELHI: Private sector lender , which has underperformed Nifty Bank over the last two years, can rally up to 26 per cent in the next one year and can even hit a market capitalisation of $100 billion in the next four years, foreign brokerage firm Goldman Sachs said in a report. “We believe could … Read more

Bank of England warns UK economic outlook has ‘deteriorated markedly’

The Bank of England has issued a stark warning on the financial outlook for the UK and global markets, but told financial institutions that it would be “counterproductive” to shore up their balance sheets by withholding new loans. The warning on Tuesday, contained in the BoE’s quarterly financial stability update, comes as the UK faces … Read more

Bank of England Committee Calls for Enhanced Crypto Regulation to Limit Contagion

Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. The Bank of England’s Financial Policy Committee called for “enhanced regulation” of the crypto asset market to mitigate against potential risks. Noting recent market turmoil, the committee said crypto assets did not yet pose … Read more

itc stock: Big Movers on D-St: What should investors do with Jamna Auto, IDFC First Bank and ITC?

Indian market snapped its three-day losing streak on Monday supported by positive global cues. The S&P BSE Sensex rallied more than 300 points while Nifty50 closed above 15,800 levels. Sectorally, buying was seen in FMCG, banks, capital goods, and consumer durable stocks while selling pressure was seen in metals, energy, oil & gas and IT … Read more

Bank of Canada surveys show inflation expectations surging

Breadcrumb Trail Links News FP Economy Bank’s surveys of businesses and consumers show growing doubt about its ability to put a lid on inflation Short-term expectations of inflation climbed to the highest since the central bank began polling consumers in 2014. Photo by Getty Images Article content The Bank of Canada’s latest quarterly surveys of … Read more

Limited company purchase plans hit three-year high: Paragon Bank

The proportion of landlords who plan to purchase their next buy-to-let (BTL) property through a limited company has reached the highest level in three years, according to the latest data from Paragon Bank. The survey, which was answered by more than 700 landlords and undertaken by BVA BDRC, shows that BTL investors who intend to … Read more

Bank of Israel Delivers Its Biggest Rate Hike Since Fischer Era

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Israel’s central bank raised interest rates by the most in over a decade, acting with urgency as the government’s collapse last week leads to a greater reliance on monetary tools to control above-target … Read more

ED attaches Rs 90-crore assets of road construction firm in bank fraud

Assets worth more than Rs 90 crore of a Hyderabad-based road construction company have been attached under the anti-money laundering law in a case linked to an alleged bank loan fraud, the Enforcement Directorate (ED) said on Saturday. A provisional order was issued on Thursday under the Prevention of … Read more