They now believe their money will be repaid after completion of the tenure of the instruments they have invested in, says Anup Roy.
Dealers say foreign investors are now taking keen interest in lower-rated corporate bonds, too
Deficits could come under more pressure in coming years as states implement their own Pay Commissions.
Rather, the existing ones should be implemented speedily to clean up the mess.
Havells will acquire the entire consumer business infrastructure, people and distribution network. Plus all intellectual property of the Lloyd brand, logo, trademark and attendant rights.
According to bond dealers, the spike in CD issuance could indicate that liquidity won't remain as comfortable by the end of the financial year (March 31) as it now is.
But, neither were the big companies interested in growing inorganically nor were the smaller ones ready to offer themselves for sale.
'The big elephant in the room is our misguided view about the rupee.' 'India is scared that if our currency appreciates, who will buy from us. But a breakout is inevitable.'
'Despite uncertainties around demonetisation and the GST, we expect Indian equities to deliver positive returns.'
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
'I have very little faith in economists who tell me that demonetisation will reduce growth.' 'The greater effect of demonetisation is if it creates changes in the financial services system and gets people to shift from cash.' 'The economy is not a trained monkey that will jump around if you lower rates.'
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances.
The cell was formed after attacks on the Bangladesh central bank by international hacker groups siphoned off millions of dollars.
'For the RBI, for a central bank, reputational risk is the worst risk.' 'Credibility is the worst risk,'
Stocks such as ICICI Bank, Axis Bank, State Bank of India, Bank of Baroda and HDFC Bank are among the top banking picks of analysts for 2017. A decline in cost of funds and treasury gains are expected to help stabilise their net interest margins
'RBI is taking all steps to complete the process expeditiously so as to release firm figures at an early date.'
'It is unlikely that foreign portfolio investors (FPIs) might increase their India allocation, given the overweight status for most FPIs.' 'Given the commentary from the Republican Party, an anti-imports approach means money will not flow out of the US.'
The prime minister's sop is expected to give a massive boost to priority-sector housing loans, thereby pulling the entire housing loan portfolio of banks.
'The Street is divided on when we could recover from demonetisation.' 'The government believes it is a pain at best for two quarters.' 'Some analysts feel the impact could be felt for two-three quarters and some that it could last for 12 to 15 months.' 'Investors are stuck in a no-action zone.'
Hopefully, the grey world of central banking in a nation hit by demonetisation, will lighten up with some of his notes soon.
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