SBI to shut down 47% of associate banks' offices post-merger

State Bank of India (SBI), which will see five associate banks merge into it on April 1, has decided to shut down almost half the offices of these banks, including the head offices of three of them. This process will start from April 24.

"Out of the five head offices of the associate banks, we will retain only two. Three head offices of the associate banks will be unbound along w

Demonetization adds to short-term pressure on Indian NBFCs: Moody`s

Moody's Investors Service, a global rating agency, has said that Indian non-bank financial companies (NBFCs) will demonstrate broadly stable asset quality, but delinquencies will likely rise over the next 1-2 quarters, as demonetization adversely affects collections across asset classes.

"While the 90+days delinquency rate in the commercial vehicle (CV) loan segment largely s

New UP Govt should ensure adequate power supply: ASSOCHAM

After the Bharatiya Janata Party's (BJP) astounding victory in the recently-concluded Uttar Pradesh Assembly Elections 2017, apex industry body ASSOCHAM has said that the need of the hour in the state is ensuring adequate electricity supply in the coming summer.

The top priority of the new government should be to drastically improve the quality and quantity of power supply in the

Fundamentals don't support long-term rupee rally: Care Ratings

Rating agency Care Ratings said the ongoing rupee appreciation is short-lived and Reserve Bank will soon have a role to play in correcting the sentiment, reported PTI. The rupee traded in the range of 66.70 and 65.41 between March 1 and March 16. But has appreciated by nearly Rs 1.23 against the US dollar since March 1 making it the best performing unit in the whole of Asia this year. "We

Fed hikes rates, investors remain wary ahead of European Elections - Angel Broking

Below is the views On Fed hikes rates, investors remain wary ahead of European Elections By Mr. Vaibhav Agrawal (Head of Research and ARQ):

“The US Fed’s decision to raise key rates by 25 bps was in line with market expectations. As per the US Fed, the data for Feb indicates that labor market has continued to strengthen a

India Economics: Trade data - exports at 2-year high - RCML

Below is the views On India Economics: Trade data’ by Rahul Agrawal,Economy & Strategy,Religare Capital Markets Limited

Trade data – key takeaways:  

*India’s merchandise exports rose by 17.5% YoY to US$24.5bn in Feb’17 – this is the highest amount in any month in the last 2 ye

RBI should not cut interest rates: Expert

With an increase in both wholesale and retail inflation indices in February indicating that India has left behind the "most benign part of retail inflation", an expert has suggested that the RBI should postpone further cuts in interest rates.

Official data on Tuesday showed the annual rate of inflation based on wholesale prices rose to over a three-year high of 6.55 per cent

State election results to facilitate reforms: Moody's

Global credit rating agency Moody's Investor's Service on Wednesday said the recent state election results will facilitate reforms by the BJP led Indian government.

In a statement Moody's said the 2017 state election results demonstrate broad-based popular support for the Indian government's policy agenda and will facilitate the implementation of further reforms, a cre

Tax saver mutual funds - A blessing in disguise - Sushil Finance

Below is the views on Tax saver mutual funds By Vatsal shah,Wealth Management,Sushil Finance

For years together, tax payers can claim deduction in income under section 80(c) of Income Tax Act. Many products are available within that namely Public Provident Fund (Commonly known as PPF), ELSS mutual funds, National Savings certificate (NSC

Expert Views - India's consumer inflation picks up in February

MUMBAI - India's annual consumer price inflation accelerated by a stronger-than-expected 3.65 percent in February, mainly driven by food prices, after touching its lowest level in at least five years in January, government data showed on Tuesday.

Economists polled by Reuters had expected last month's annual retail inflation to come in at 3.58 percent, compared

Rupee at one year high: Angel

Below is the views on Rupee at one year high By Mr. Prathamesh Mallya (Chief Analyst- Non-Agri Commodities & Currencies, Angel Broking Pvt Ltd):

“BJP’s massive victory in the major state election has created good sentiments in the Indian market leading to appreciating rupee and h

BOJ expected to pull back from stimulus, maybe as early as this year - Reuters poll

By Kaori Kaneko

TOKYO - The Bank of Japan's next move will be to start phasing out its ultra-easy monetary policy, according to a majority of economists polled by Reuters in a dramatic turnaround of expectations from just two months ago.

The BOJ will signal a move away from its accommodative policy by raising the 10-year Japanese Government bond yield ta

Taxes under GST 'to increase a bit', says CBEC Chairman

While the effective rate of indirect taxes under the new Goods and Services Tax (GST) regime still remains unclear, as fitment in tax slabs is under way, the Central Board of Excise and Customs (CBEC) has said that taxes were likely to "increase a bit" from the current level.

"That is our belief (that the current level of taxation will not lessen at least for first five

'Note ban will lead to even lower solar tariffs'

With solar power tariffs falling below Rs 3 per unit in auctions last month, a major player in the solar rooftop space says they are on course to fall further given that the recent demonetisation measure has come as a boost to industry because of the availability of cheaper finance.

"Demonetisation is helping the industry get cheaper loans," Kushagra Nandan, Presiden

We have valued the stock at 3.5x its FY2019E ABV and Recommend BUY with a Target Price of INR 825 over the next 12 months - Angel Broking

Below is the views on Housing Finance Company Ltd By Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking)

“REPCO Home Finance is a midsized Housing Finance Company (HFC), with focus on the underserved self-employed segment. While the current operations of the company are predominately conc

Bitcoin: Can RBI ignore the elephant in the room?

Virtual currencies like Bitcoin are all the rage in FinTech, and could potentially transform global commerce in the years ahead. Users are adopting them in the thousands each day and the value of trade in these currencies is witnessing unparalleled growth.

The world over, regulators are working out carefully-crafted regulations to foster Bitcoin growth. In India, however, even with th

GDP data minus note ban impact on informal sector lacks credibility

By Biswajit Choudhury and Meghna Mittal 
The latest official data showing Indian Gross Domestic Product (GDP) growth at 7 per cent for the third quarter was only marginally impacted by the November 8 demonetisation measure has served to re-ignite the controversy about the methodology employed to calculate the country's national income.

The Central Statistics Of