'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
'Macro headwinds are rising for Indian equities in the form of rising commodity prices, especially oil, depreciating rupee, fiscal challenges, election-related uncertainty and upside risks to inflation'
In the same quarter a year before, most of them had reported a dismal performance.
The 57-year-old Bhattacharya, front-runner for the post on account of years of service left, was managing director and chief financial officer of the bank prior to her elevation.
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.
Bank Nifty pared all its intraday gains to end over 1% lower led by losses in BoB, ICICI Bank, Axis Bank and Bank of India
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
NBFCs are mainly dependent on funding their operation from their own cash flows.
With more favourable view on Indian economy and business environment under the Narendra Modi government, the risk premium for Indian papers began to climb down.
Technically, the Indian economy is on road to recovery.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
2013 foreign currency non-resident deposits to mature in Sep-Nov
Continued outflows amid moderation of domestic investments are a concern
The services sector, which plays the biggest role in shaping the economy, is facing loads of issues currently. The largest segments, financial and real estate, are struggling to cope with bad debts and low demand for houses.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
There's need to address growth, but weak rupee putting pressure on prices.
The central bank has, so far, cut its repo rate by 125 bps.
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
After a 25-year stint at ICICI Bank, Mor suddenly quit as he wanted to add more value in the bigger areas of health care and financial inclusion.
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
Financials are the top gainers along with index heavyweights.
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Global brokerage firm CLSA is positive on India's growth stroy.
The Nifty had hit its third successive record high of 7,922.70 today.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
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