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Gold prices in Delhi fell below Rs 79,000 per 10 grams due to low stockist and retailer demand. Silver experienced a significant drop as well. Analysts cite geopolitical uncertainties, interest rate cuts, and robust demand from central banks and high-net-worth individuals as factors for the previous surge. Thin trading volumes during the holiday period have kept prices range-bound.from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/K5aGcYX
Indian banks' gross NPAs stood at a 12-year low of 2.6% in Sept 2024, but RBI's stress test warns it could rise to 3% by March 2026. Concerns include increasing write-offs by private banks and higher fresh NPAs in retail loans. The stress test also highlighted risks in microfinance and consumer credit segments, along with global tokenisation threats.
High attrition rates in private sector and small finance banks are a significant risk factor, causing operational disruptions and increased recruitment costs. The Reserve Bank of India highlights the importance of strategic measures, including improved onboarding, training, and competitive benefits, to retain talent and ensure stability within the banking sector.
Employee attrition in private sector banks in India has increased to around 25%, posing significant operational risks, according to the RBI's 2023-24 banking report. The report highlights the need for banks to adopt strategic measures to reduce turnover and ensure effective loan policies, especially concerning gold loans.
Six leading firms among the top-10 most valued companies collectively gained Rs 86,847.88 crore in market value last week, with HDFC Bank and Reliance Industries leading the gains. The BSE and Nifty both saw modest increases. Meanwhile, four companies, including TCS and Infosys, faced declines in their market valuations.
