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Reserve Bank of India Deputy Governor Swaminathan J urged public sector banks to build strong capital buffers. He stressed proactive risk management amid global uncertainties. The government also notified a new Payments Regulatory Board. This board replaces the RBI’s internal payments body. RBI revised its liquidity framework to ensure predictable short-term interest rates. These changes

Tata Sons has missed the Reserve Bank of India’s listing deadline, with its application to surrender its core investment company registration still awaiting a decision. The banking regulator has not yet responded to Tata Sons’ March submission, creating uncertainty for the conglomerate. Lawyers indicate RBI could accept the request or extend compliance time.

Stock market recommendations: Mehul Kothari of Anand Rathi recommends buying HUDCO, IFCI, and City Union Bank today. HUDCO and IFCI are poised for uptrend continuation after retesting their 200 DEMA, offering attractive risk-reward. City Union Bank shows a breakout from consolidation with an inverse head & shoulder pattern, indicating further upside.

Tata Capital’s Rs 15,511-crore IPO, the largest by a Tata Group entity and NBFC, opens October 6-8, priced at Rs 310-326 per share. The offer includes fresh shares for capital and an OFS, valuing the firm at up to Rs 1.38 lakh crore. Management highlights strong retail and SME credit growth, leveraging the Tata brand

Moody’s Ratings affirmed India’s sovereign rating at Baa3 with a stable outlook, citing its fast-growing economy and sound external position. India is projected to remain the fastest-growing G20 economy, with 6.5% growth in FY25-26. While US tariffs pose long-term risks, other US policy shifts are not expected to significantly impact India’s current account.

Stock market recommendations: Somil Mehta of Mirae Asset Sharekhan recommends Apl Apollo Tubes Ltd and Hindustan Zinc as top stocks to buy today. Both stocks exhibit bullish flag patterns and positive momentum indicators.

Gold and silver prices surged to unprecedented all-time highs in the domestic market on Monday, propelled by international rallies amid US government shutdown fears, trade jitters, and a weakening rupee. Silver neared Rs 1.5 lakh/kg, while gold approached Rs 1.2 lakh/10gm. Expectations of US Fed rate cuts further fueled this safe-haven buying.