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The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.
The F&O segment is set to welcome 45 new stocks, increasing the total to 223 available for trading. Key names include LIC, Jio Financial Services, BSE, Avenue Supermarts, Adani Energy Solutions, Adani Green Energy, Nykaa, Paytm, YES Bank, and Zomato. It remains uncertain if any existing stocks will be excluded as the NSE reviews its indices biannually.
Unsecured loans are showing increasing slippages, raising concerns for Indian lenders. Yes Bank reported that 35-40% of its fresh slippages in the second quarter stemmed from this portfolio, with a total of Rs 1,179 crore in retail slippages. Similarly, Bajaj Finance is tightening its underwriting norms in response to the trend.
YES Bank reported that 35-40% of its retail fresh slippages in Q2FY25 originated from its unsecured portfolio, with total fresh retail slippages amounting to Rs 1,179 crore. The bank's gross slippages for the quarter were Rs 1,314 crore, reflecting a slight improvement in asset quality, as the gross non-performing asset (GNPA) ratio decreased to 1.6% from 1.7% year-on-year.
Yes Bank reported a net profit of Rs 553 crore for Q2, a significant rise from Rs 225 crore a year earlier. The net interest income increased by 14.3% to Rs 2,200 crore, with net interest margins steady at 2.4%. The bank continues to focus on growth in SME and Mid Corporate segments while maintaining NIL PSL shortfalls.
Over 30 companies, including ICICI Bank and YES Bank, are set to release their Q2 FY25 earnings today, October 26. Analysts expect ICICI Bank to report a 14% year-on-year increase in net interest income to ₹20,845 crore, with profit rising 7% to ₹10,667 crore, driven by strong loan and deposit growth. The bank is anticipated to maintain stable asset quality with minimal margin contraction.
Paytm has received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users, following earlier restrictions imposed by the Reserve Bank of India on its associate, Paytm Payments Bank Limited. The approval requires adherence to NPCI guidelines on risk management and customer data. To adapt, Paytm has partnered with Axis Bank, Yes Bank, SBI, and HDFC Bank for its payment services.

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