Tue Nov 19 01:55:58 UTC 2024: ## Market Movers & Shakers: NTPC Green Energy IPO Looms, Govt. Pushes Back on RBI Proposals

**MUMBAI, INDIA** – India’s financial landscape is buzzing with activity, as a major IPO launch approaches and a tug-of-war between the government and the Reserve Bank of India (RBI) plays out.

NTPC Green Energy Limited, a subsidiary of the Maharatna company NTPC, is set to launch its initial public offering (IPO) tomorrow, following a year of impressive growth. The company reported a staggering 1,094.19% surge in revenue and a 101.32% increase in profit after tax between FY23 and FY24. The IPO, registered by Kfin Technologies, can be applied for via ASBA or UPI.

Meanwhile, the government is challenging two key RBI proposals: increased provisioning for infrastructure loans and stricter liquidity requirements for online deposits. These proposals, made in May, have reportedly caused concern among banks regarding increased funding costs. The government’s resistance comes amidst strong bank lending growth, at nearly 14% over the past year.

In other market news, the Zinka Logistics/Blackbuck IPO concluded today, achieving 1.85x subscription. Additionally, the Central Board of Direct Taxes (CBDT) chairman expressed confidence that direct tax collections will surpass the Rs 22 lakh crore target, while also urging taxpayers with undeclared foreign assets to file revised returns by December 31. The CBIC has also extended the GSTR-3B filing deadline for Maharashtra and Jharkhand until November 21st due to upcoming elections.

The Traders Gurukul’s BOTS options trading summit continues to offer insights into the volatile crypto market, providing a platform for traders to navigate the rapidly changing landscape. The ongoing debate regarding bank stocks versus IT stocks remains a key area of focus for investors.

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