Here's a brief outlook on today’s key events and a recap of Friday’s major business news highlights. Key Events to Watch Today Here’s a summary of the major developments on Friday: Indian banks under pressure: RBI’s rate cut sparks margin squeeze amid rising competition for deposits, shows SP Capital IQ study Indian banks currently face renewed pressure on their Net Interest Margins (NIMs) as the Reserve Bank of India (RBI) recently cut its benchmark repo rate for the first time in nearly five years, ANI reported on Friday, citing financial data firm SP Capital IQ. Read full news here NSDL plans IPO worth ₹3,000 Cr by March-April: India’s largest depository gets Sebi nod, existing shareholders to sell 5.72 Cr shares The National Securities Depository Limited (NSDL) is expected to launch its Initial Public Offering (IPO) between March and April, marking the listing of India’s largest depository. The company aims to raise ₹3,000 crore through an offer for sale (OFS). Read full news here Bima-ASBA roll-out on March 1: After launch, you can block your insurance premiums in the bank account, deducted automatically when due The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new facility to simplify premium payments for life and health insurance policyholders. Under this system, called Bima Applications Supported by Blocked Amount (Bima-ASBA), policyholders can block the required premium amount in their bank accounts. The amount will be automatically deducted once the policy is issued or the premium becomes due. Read full news here Stock market indices settle in red for 4th straight session: Sensex nosedives 424 points; Nifty tanks below crucial 22,800 level; auto, pharma stocks major draggers Indian stock markets nosedived on Friday, February 21, 2025 as selling by Foreign Portfolio Investors (FPIs) intensified. Benchmark BSE Sensex plummeted 424 points and settled at 75,311. While, NSE Nifty skidded in excess of 100 points and closed just below the crucial 22,800 levels from technical viewpoint. Read full news here JSW Infra extends rally with 9% gain: Brokerage sees rising cargo and container volumes, bullish on ports sector expansion JSW Infrastructure shares climbed 9% to ₹260 in intraday trading on Friday, February 21, marking their second consecutive session of gains after Motilal Oswal identified the stock as its top pick in the ports sector. The brokerage has set a price target of ₹330, reflecting a potential upside of 39% from its last closing price of ₹238, Moneycontrol reported. The stock has already advanced 11% this week. Read full news here Fuel prices in major cities on February 22, 2025 Top 10 Richest Person In The World As On February 22, 2025: