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Mumbai: Billionbrains Garage Ventures, Groww's parent, Zerodha's Rainmatter Investments, Securocorp Securities India and Share India Securities will jointly invest ₹238 crore in the Metropolitan Stock Exchange (MSE)The bourse in its board meeting on Tuesday approved the issuance of 119 crore shares to these investors at ₹2 apiece, in a fresh attempt to revive the beleaguered market intermediary.Share India Securities, a listed entity, said it will invest ₹59.5 crore in MSE by acquiring 29.75 lakh shares, constituting 4.96% of the post-issue paid-up share capital of the exchange. The investment shall be completed within 60 working days, according to a disclosure to the exchange by the company. 116665994"We see this milestone as a pivotal step toward expanding our product offerings, addressing the needs of domestic and international institutional investors especially in view of new regulatory measures," said Sachin Gupta - CEO & whole-time director of Share India Securities. "The anticipated trading volumes from these new products are expected to enhance revenue visibility and align with the market's growing emphasis on long-term strategies."The exact investments by Billionbrains, Rainmatter and Securocorp in Metropolitan could not be ascertained.Radhakishan Damani, founder of supermarket chain Dmart, Enam's co-founder Nemish Shah and banks such as SBI, Bank of Baroda, Punjab National Bank, HDFC Bank and Union Bank of India are among its shareholders.The exchange, formerly known as MCX-SX, was founded by Jignesh Shah in 2008 and soon emerged as a competitor to NSE and BSE. Shah ceased to be the owner of the exchange after the NSEL scam. Trading in derivatives of its flagship equity index SX40, a free float-based index of 40 large-cap stocks, started in May 2013.As of March 31, the exchange posted a consolidated loss of ₹48.74 crore compared to a loss of ₹18.67 crore in the previous year. The revenue from operations declined 25.14% to ₹7.36 crore from ₹9.21 crore in the same period.

ET Intelligence Group: The banking sector reported a record quarterly net profit for the September quarter amid improving stability in net interest margins (NIMs) and sustained double-digit growth in pre-provisioning operating profit (PPOP). For a sample of 29 publicly-listed banks, aggregate net profit rose by 20.9% year-on-year to ₹92,835 crore - the highest quarterly profit for the sample banks.The extent of net profit has improved significantly over the past few quarters. The sample's net profit in the latest quarter was two-and-a-half times ₹36,741 crore reported in the September 2021 quarter. The 15 public sector banks (PSBs), part of the sample, showed more improvement than their private sector counterparts. For PSBs, aggregate net profit rose 2.6 times to ₹45,546 crore between the September 2021 quarter and September 2024 quarter. Net profit for private sector banks in the sample improved 2.4 times to ₹47,289 crore.116665889The total sample's PPOP grew by 19.6% year-on-year to ₹1.5 lakh crore in the September quarter. PSBs reported a higher growth of 24.2% in PPOP at ₹78,158 crore, while for private banks, it grew by 15.1% to ₹73,408 crore. NIMs have been under pressure over the past few quarters as the increase in deposit rates has outpaced interest rates charged by banks while disbursing loans to attract more deposits. However, the pressure is easing since credit growth is gradually aligning with deposit growth after staying elevated over the past few quarters. In the second fortnight of November, credit offtake grew by 10.6% year-on-year while deposits grew by 10.7%.

Bad loans from agricultural lending have decreased by 2-4 percentage points across bank groups between FY20 and FY24. This is despite farmers increasingly borrowing from the formal sector.Outstanding agricultural loans rose faster than corporate loans at an average rate of 15.2% after the Covid period compared to a contraction or a singledigit annual growth in corporate loans during the pandemic.The number of farmers’ accounts opting for credit through institutional sources increased by 381 lakh from March 2020 to March 2024. A large number of urban labourers moved back to their rural homes post Covid, Covid, fostering growth in agricultural activities.According to the finance ministry’s replies to questions raised in the Lok Sabha, decreasing nonperforming assets during this period indicates an improvement in farmers’ repaying capacity. 116661672The various schemes/programmes of the Union Government, such as Kisan Credit Card, PM KISAN, and PMFBY, are designed to increase the welfare of farmers by increasing production, remunerative returns and income support to farmers.Under the PM KISAN scheme, income support of Rs 6,000 per year in three equal instalments will be provided to all land-holding farmer families. The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government-sponsored crop insurance scheme integrating multiple stakeholders on a single platform.