'Focus on 19,400/64,900 as the key resistance levels for the Nifty/Sensex.'
Financial inclusion has been on the top of the govt's top agenda.
The global turmoil in the banking sector has made analysts cautious, who advise that investors stay away from stocks of this sector till the overall sentiment improves. The recent trouble for the banking sector started with the collapse of US-based Silicon Valley Bank (SVB), Silvergate Capital and Signature Bank. On its part, Moody's Investors Service has also cut its outlook for the US banking system to 'negative' from 'stable', citing the run on deposits at these three banks that led to the collapse of these banking majors in less than a week.
A programme that endeavours to graduate the poorest people could have seminal implications for Prime Minister Narendra Modi's government.
What is it about Arohan that puts it in the top league of microfinance institutions in the country?
Fund managers are withdrawing after a two-year long run in public sector bank (PSB) stocks. Domestic mutual funds (MFs) were net sellers of PSB stocks for the first time in nine quarters, offloading shares worth Rs 1,800 crore in the March quarter, said a report by ICICI Securities. In the previous eight quarters, fund houses had invested more than Rs 10,000 in PSBs amid deep discounts in valuation vis--vis their private sector peers.
The central bank gave 11 entities licences to start payments banks.
One of the hurdles for MFIs towards becoming banks is an unsecured loan portfolio.
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
Soon after the lifting of the 13-day moratorium at 6 pm, some customers took to social media complaining that they were not able to access certain services, including internet and mobile banking.
Besides, two new entities-- IDFC and Bandhan -- have been given full-fledged banking licence.
A parliamentary panel on Friday opposed the new bank licences to corporate houses and voiced concerns over the discretionary power vested with RBI for applying 'fit and proper' criteria for deciding on applications.
Mutual funds (MFs) have lined up information technology (IT) funds, indicating that technology stocks are back on fund managers' radar after a hiatus. Over the past 18 months, stock prices for companies in the software space have either corrected or remained subdued. Fund houses have launched five IT-based sectoral funds in the past three months, with three of them taking the passive route.
It won't be easy for the banking sector to better its performance every quarter, predicts Tamal Bandyopadhyay.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
Banks should try its best to retain talent.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
RBI had received 72 applications for small finance bank licences.
With the rise in interest rates, bond yields have been on the rise; this will dent banks' treasury profits. Also, many retail borrowers may find it difficult to service their loans when the loan rates rise, points out Tamal Bandyopadhyay.
'Most importantly, marking a departure from the past, the RBI has made it clear that it is not overtly worried about the level of the local currency,' notes Tamal Bandyopadhyay.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Half a dozen companies looking to tap the market as the Indian rupee stabilises and oil prices cool down.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
With the advent of new banks, IT firms will get boostto their businesses.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Bajaj Finserv has few opportunities and challenges to overcome in 2015.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
India Inc has few leaders who are likely to grab headlines in 2015.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
In 2006-07, TCS had employed 7,000 people in the eastern states.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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