For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
While a DFI will help banks derisk their loan portfolios, creation of a bad bank will clean up their balance sheets.
Sensex surged 486 points or 1.9%.
That's the only way to convince those who have money to return to the bank fold, ditching other asset classes, says Tamal Bandyopadhyay.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
The agency is looking at alleged "diversion of funds and financial reporting frauds".
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
The assets mentioned in the Sebi order are already in possession of the ED for violation of an anti-money laundering law by Mallya and PMLA overrides all other laws, providing ED first right over the assets.
Infosys, Bharti Airtel and ICICI Bank are the only companies who have managed to score 100% on a Composite Disclosure Index
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
The markets will remain choppy ahead of RBI policy.
Tata Steel and Tata Chemicals under investor watch
A customer wanting to buy a car would have to wait a long time for delivery.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
Market breadth depicted strength. There were almost 3 gainers against every loser on BSE
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
'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.'
The financial position of India's public sector banks (PSBs) has deteriorated sharply over the past financial year.
Rating agency Fitch on upgraded outlook of 10 financial institutionals, including SBI, ICICI Bank and EXIM Bank of India to 'stable' from 'negative' earlier following revision in the country's outlook.
The rupee will largely remain stable but with a mild depreciating bias in the next one year
Given the better growth in JLR sales and improving domestic sales, nearly 90 per cent of the analysts covering the stock have a 'Buy' rating.
The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital.
SBI remains a favourite of most brokerages in the PSB segment.
IT and pharma companies again save the day; mask pain in domestic consumption.
It also named bosses for Bank of India, IDBI Bank Ltd and Punjab National Bank from within the state sector
The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.
On Tuesday, Finance Minister P Chidambaram had more than adequately made clear that the government would be allocating Rs 14,000 crore through Budget, the Financial Services Secretary said.
Patanjali, to a large extent, has penetrated the target group for its products. As a result, increasing the consumer base and revenue by 100 per cent in FY18 will be a stiff challenge.
Some lenders in talks with LIC for pvt placement
No major deals above the value of USD 300 million happened last month, causing the decline from January, which registered deals worth USD 3.5 billion, according to a report released by consultancy firm EY on Wednesday.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Though most experts remain bullish on the banking space, they suggest investors buy only those banks whose NPAs are at a manageable level of 3% to 4% and there is credit growth or earnings visibility.
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
