See the full story in the original article.
Original headline: Federal Bank Festive Dreams , lives up its theme with Special Loan Rates and Exclusive Discounts | Odisha Diary , Latest Odisha News , Breaking News Odisha
Read the original on orissadiary.com ↗
Related news
- Festive demand to drive PNB retail loan growth to 17 - 18 %, MSME credit to grow 21 %: MD Ashok Chandra
- Festive demand to drive PNB retail loan growth to 17 - 18 %, MSME credit to grow 21 %: MD Ashok Chandra
Punjab National Bank (PNB) expects core retail loan growth of 17–18% and MSME lending growth of about 21% in the current quarter, with the festive season supporting credit demand. Agriculture priority-sector lending is expected to keep growing at about 18%. The bank sanctioned ₹2.5 lakh crore in corporate loans in the first two quarters of the year, versus ₹4 lakh crore in the entire previous year, while shifting to higher-yielding loans, which lifted domestic and global net interest margins (NIM) by more than 10 and 8 basis points. MD & CEO Ashok Chandra said a recent 25-basis-point repo rate hike could add about 7 basis points to NIM, and the bank's ALCO will review lending and deposit rates in the coming months.
- Festive demand to drive PNB retail loan growth to 17 - 18 %, MSME credit to grow 21 %: MD Ashok Chandra
PNB MD & CEO Ashok Chandra expects core retail loan growth of 17-18% and MSME lending growth of about 21% in the current quarter, supported by the festive season. Agriculture priority-sector lending grew 18% and is expected to keep its momentum. PNB sanctioned corporate loans worth Rs 2.5 lakh crore in the first two quarters of the current fiscal year, compared with Rs 4 lakh crore in the entire previous year, while corporate loan-book growth is kept at around 10-11%. Replacing lower-yielding advances with higher-yielding loans helped domestic NIM rise by more than 10 basis points and global NIM by 8 basis points in the quarter. Chandra said the recent 25-basis-point repo rate hike could add about 7 basis points to NIM, and the bank's ALCO will review lending and deposit rates in the coming months.
- Vistra Stock Surged Following Its $4.2 Billion Federal Loan. With the Stock Down 23% Over the Past Year, Is It Time to Buy?
On Oct. 5, the U.S. Department of Energy's Office of Energy Dominance Financing announced a conditional loan commitment of up to $4.2 billion for Vistra to add power capacity without building new plants or reactors. The funding will support nuclear uprates and modernization at three PJM plants, Beaver Valley in Pennsylvania and Davis-Besse and Perry in Ohio, adding 433 MW of clean baseload capacity, extending operations by 20 years, and preserving nearly 4 gigawatts of generation that serves more than 3 million homes. Vistra stock is down 23% over the past year and 27% from its all-time high of nearly $220 per share set last year, and trades at about 18.5 times earnings versus roughly 25 times previously. The article projects earnings to grow 18% in each of the next two years and argues the dip creates a buying opportunity, while noting the risk of regulators imposing price caps or other market interventions.
- JPMorgan's Dimon Says Federal Debt May Lead to Bond Volatility, Higher Rates
JPMorgan Chase CEO Jamie Dimon says federal debt, which adds about $2 trillion a year, could cause volatility in the bond market and higher rates. He wishes the government would form a real committee of Congress to tackle the problem, noting that the Simpson-Bowl Commission almost reached a deal that would have been a 'home run,' before a dispute between Obama and Paul Ryan over $800 billion (a 10-year figure) derailed it. Dimon says that approach is unlikely, so the first stage would likely be bond market volatility, rising yields and wider credit spreads, with a later bond sell-off possible if investors shun Treasuries over inflation fears. He says he would not rule that out but is not predicting it, adding that JPMorgan is 'completely prepared.'
- Federal Reserve Ends Three Enforcement Actions Tied to Closed Kansas Bank
The Federal Reserve Board said three enforcement actions against Small Business Bank and its parent are no longer active, with terminations effective Oct. 13 after the Lenexa lender closed on July 17. The terminated actions were a Sept. 1, 2023 cease-and-desist order against the bank and Gardner Bancshares, Inc., a Nov. 13, 2024 order against the bank, and a June 29, 2026 prompt corrective action directive, and the Fed did not explain the terminations. The Kansas Office of the State Bank Commissioner tied the closure to ongoing operating losses, and the FDIC was appointed receiver. The Farmers State Bank of Oakley took over nearly all deposits, while the bank held $73 million in assets and about $69 million in deposits at March 31, 2026. The FDIC estimates the failure will cost the Deposit Insurance Fund about $5.7 million, subject to revision as it sells retained assets.
Related markets
Latest news
- Saudi Arabia postpones big investor conference to 2027 as Iran-backed Houthis escalate attacks on kingdom
Saudi Arabia has postponed its major annual investor conference until 2027 as Iran-backed Houthi militants escalate missile and drone attacks on the kingdom. The Future Investment Initiative had been scheduled for Riyadh from October 26 to 29. The decision follows a Houthi attack on King Khalid International Airport in Riyadh on October 10, which left at least 12 people dead and more than 300 injured. Organizers said in an email that new dates will be announced soon.
- Russia fires mysterious weapon at Kyiv, shockwaves spread; President Putin appears in rare image, drawing global attention
On the night of 18 Oct, Russia launched a coordinated strike on multiple Ukrainian targets using ballistic missiles, cruise missiles and Geran UAVs, focused on Kyiv. According to TST, around 10 ballistic missiles of the Iskander-M, S-400 or KN-23 types may have been used in the first wave; an above-ground metro station on Kyiv's left bank was reported damaged, disrupting rail and metro services, and videos of blue flashes led observers to suspect a new weapon. In western Ukraine, a 330 kV transformer station near Kovel may have been targeted. Meanwhile, Putin, who rarely appears in military uniform, visited a command post and stressed establishing a “security zone” along the border; blogger Yuri Podolyaka argued Moscow no longer treats these areas as bargaining chips. Front-line correspondent Alexander Kots said the part of Donetsk still controlled by Ukraine is just over 2,700 km².
- Semiconductor Sell-Off: 5 Stocks to Buy on the Dip
The article attributes the semiconductor selloff to investor doubts about the durability of AI infrastructure spending, even as cloud companies report strong demand for AI chips. It highlights five stocks: Nvidia (forward P/E just above 13.5 on fiscal 2028 estimates), Broadcom (custom AI chips, with that revenue expected to quadruple to $230 billion over two years; forward P/E of 11), AMD (riding inference and agentic AI demand), Cerebras Systems (high risk-reward; the company claims 30 times the inference speed of GPUs) and TSMC (forward P/E of 18 on 2027 estimates).
- Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line
Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.
- Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%
The author argues the most important figure in TSMC's Q3 report is 68%, the share of revenue from high-performance computing (HPC), which grew 22% from the prior quarter. Revenue reached $46.72 billion, up 41.2% year over year, net income rose 68.7%, and gross margin hit 66.4%. Processes at 7nm and below made up 79% of wafer revenue, with 3nm at 33% and 2nm at 8%. TSMC guided Q4 revenue to $52.3–54.3 billion and expects roughly 44% full-year growth in U.S. dollars. The author remains bullish, saying ongoing demand for advanced AI chips should keep profits rising.
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.