RBI s proposed gold loan rules may curb the growth of gold finance companies by requiring them to adjust lending practices. Crisil Ratings suggests the draft aims to standardize regulations and address lending disparities. The new LTV computation rules could force NBFCs to recalibrate disbursement values, impacting their growth, despite gold loans being the fastest-growing consumer credit segment in FY25.

The Supreme Court stopped JSW Steel s purchase of Bhushan Power and Steel. This decision highlights Mahender Kumar Khandelwal s role. He was the resolution professional. The court cited delays and JSW Steel s funding. Khandelwal allegedly failed in his duties. He didn t seek extensions or verify JSW Steel s eligibility. Bhushan Power was among firms identified for resolution by RBI.

Fino Payments Bank is gearing up to transform into a small finance bank, anticipating approval from the RBI. This strategic shift aims to enhance engagement with merchants and account holders, addressing challenges posed by the evolving payments landscape dominated by UPI. The transition would enable Fino to offer lending services, potentially focusing on secured loans and expanding its product offerings.

The BSE Sensex fell 0.2%, or 155.7 points, to close at 80,641, while the NSE Nifty-50 slipped 0.3%, or 81.55 points to end at 24,379. Adani Enterprises, Jio Financial, SBI Life, Trent, and Eternal were among the top Nifty losers.

Bids offered for this OMO round were worth ₹1.32 lakh crore, against the notified amount of ₹50,000 crore. The Reserve Bank of India (RBI) has scheduled further bond purchases worth ₹75,000 crore for the month of May with an aim to quicken the pace of policy rate transmissions.

The stock opened at ₹328 apiece on NSE, logging a 2.2% premium over the issue price. On BSE, the stock opened at ₹326.05, up 1.6%. It ended the circumspect trading session at ₹302.50, down 5.8% below the IPO price of ₹321 apiece.

​​The IPO of Laxmi India Finance will be a combination of fresh issue of 1.04 crore shares and an offer for sale of 56 lakh shares. Jajoo Rashmi Refractories’ issue will raise Rs 150 crore from a fresh issue of shares.

The Indian stock market is currently experiencing consolidation. This is due to ongoing geopolitical tensions. Several companies are in the spotlight. These include Coal India, Dabur, and Paytm. They are announcing their Q4 results. BSE reported a significant profit increase. Prestige Estates saw strong sales for its Indirapuram project. Piramal Enterprises reported a net loss for the quarter.

Net interest income-difference between interest paid to depositors and interest earned on loans-fell nearly 7% YoY to ₹11,020 crore in the fourth quarter. NII climbed 2% for the full financial year, while NIM moderated to 3.02% from 3.18% a year ago. However, non-interest income, which includes treasury gains, surged 24% in the March quarter to ₹5,210 crore, boosting the bank s bottom line.

Trump said he and top administration officials will review potential trade deals over the next two weeks to decide which ones to accept.