'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
New regime on loans to one party to kick in by Apr 2019.
Branch networks will give preference to pensioners and labourers for withdrawing money.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
SBI got Rs 1.93 lakh cr in cash deposits from November 10-25.
"The shift is gradually happening more on account of favourable risk-reward for stocks in these sectors and the shift would be more pronounced as investors roll over their targets to 2017," the head of research at a foreign brokerage said.
According to the Reserve Bank of India, the currency in circulation reduced by Rs 360,700 crore to Rs 1,426,900 crore during the week under review.
'We have collected Rs 83,702 crore in deposits in five days.'
Experts say the stock market correction in recent times increases the risk-reward in favour of large-cap stocks.
HFCs and banks expect a drop in demand for housing loans in the short-term.
As a step to protect its interest as a lender, SBI will look at the financial stability and corporate governance practices in companies where it has exposure.
Tata Steel and Tata Chemicals under investor watch
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
Lower inflation, FCNR(B) outflows likely to influence central bank decision
Unless these companies falter on growth or external and domestic factors play spoilsport, analysts expect them to do well
As inflation rate is near the upper limit of the comfort zone, experts rule out rate cuts anytime soon
All shares held by SBI in the five associate banks will stand cancelled after merger.
'I want to leave behind the bank stronger and better than when I took over.'
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
This shortfall could continue to hurt loan growth in 2016-17.
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