Bank would exit from cash equities, corporate broking, equity capital markets, and mergers and acquisitions businesses.
The brokerage said it has high hopes for recovery and reforms following the general elections.
HNI equity folios up 46% in the first half of FY15.
Equity markets will turn attractive and bonds and gold are likely to lose their sheen this year as domestic growth revives following the recent reforms and the improving global environment.
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
Experts say a lot of new wealth is being generated by promoters selling their stake.
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
Will Infy spring a surprise in subdued second quarter?
Minimum investment size under portfolio management services may be raised, so that small players can avoid risk.
Secondary market might be a better bet for investors
Tata Motors was the top gainer on better-than-expected June quarter revenues
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Most experts said indices would open higher on Monday and rally might sustain for a few sessions
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