What is 'Liquidity'

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• Bandhan Bank shows strong growth in deposits and Advances for JuneBandhan Bank reported significant growth with loans & advances reaching Rs 1,25,619 crore in June 2024, a 21.8 per cent year-on-year increase from June 2023's Rs 1,03,169 crore. Total deposits grew 22.8 per cent to Rs 1,33,203 crore, up from Rs 1,08,480 crore in June 2023. CASA deposits climbed by 13.8 per cent to Rs 44,453 crore while bulk deposits increased 31.6 per cent to Rs 41,099 crore. The retail to total deposits ratio fell from 71.2 per cent in June 2023 to 69.1 per cent in June 2024, and the CASA Ratio decreased from 36.0 per cent to 33.4 per cent.
• Bandhan Bank shows strong growth in deposits and Advances for JuneLeading private bank Bandhan Bank has reported impressive year-on-year growth in loans & advances, reaching Rs 1,25,619 crore in June 2024, marking a 21.8 per cent surge from the previous year's figure of Rs 1,03,169 crore.
• Need to unbundle natural gas marketing and transportation, says Indian Gas Exchange CEOIndian Gas Exchange (IGX) CEO Rajesh Kumar Mediratta advocated for an independent system operator to ensure fair access to natural gas pipelines' full capacity for all market players. He proposed the split of gas companies into separate marketing and transportation entities. He emphasised the need for a level playing field through equal access to information and charge mechanisms. Mediratta suggested measures for developing the domestic natural gas market, including bringing gas under GST and enforcing open access in city gas areas.
• India bond yields edge lower tracking US peersIndian government bond yields ended lower on Wednesday amid a pullback in U.S. Treasury yields, while traders still assessed the pace of foreign inflows into debt after domestic securities were included in a global index.
• India’s long bonds have become a crowded trade, Edelweiss warnsEdelweiss Government Securities Fund excels in performance, positioning itself as a market leader. Foreign investors' sustained involvement in Indian sovereign bonds is still uncertain, impacting market dynamics.
• Gujarat-based packaging equipment firm Mamata Machinery files IPO papers with Sebi​Packaging equipment manufacturer Mamata Machinery Ltd has filed preliminary papers with capital markets regulator Sebi to float an initial public offering (IPO). The Gujarat-based company's initial share sale is entirely an offer for sale (OFS) of 73.82 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP).
• Looking at a Goldilocks scenario for corporate earnings? Mukul Kochhar is betting on 3 sectorsMukul Kochhar says growth will be structurally higher by a percent, percent-and-a-half and one factor is the current account surplus which should get us into a more stable economic growth cycle. I feel that the private capex cycle is going to be very strong and going to focus a little bit on manufacturing.
• Sebi weighs tighter checks for stocks at F&O entry gateIn its June 8 consultation paper, Sebi had sought feedback from market participants for its plan to revise the eligibility criteria for stocks to be a part of the futures and options (F&O) segment. The regulator wants stocks that are part of the derivatives market to be more liquid and traded by a wide set of market participants to prevent manipulation and lower risks to the system.
• NBFCs need to focus on compliance, risk and liquidity, says RBI executive director R Lakshmi Kanth RaoNon-banking finance companies (NBFCs) were advised by RBI executive director R Lakshmi Kanth Rao to prioritize compliance, risk management, liquidity management, and customer protection. Rao emphasized the regulatory differences between banks and NBFCs, noting the need for NBFCs to enhance compliance systems and balance business with prudence.
• Management team largely in place to take Bandhan Bank forward after Chandra Shekhar Ghosh retires, says CFOBandhan Bank CFO says the NPA portfolio has been reduced from almost Rs 8,700 crore to about Rs 4,700 crore. That particular clean-up exercise took place in March which took care of a large part of the book that was prior to the year FY2022 and earlier and brought gross NPA levels down to almost 3.8%. We still have further journey to climb on that particular front.