May 28, 2015 at 18:31 | Source: CNBC-TV18
Experts blame this on the failure to revive stalled infrastructure projects. It's these projects that have been the worst loan defaulters, and unfortunately, infrastructure is the sector banks have the highest exposure to.
May 28, 2015 at 15:57 | Source: CNBC-TV18
This is the second large PSU quoting a loss this quarter, says Jignesh Shial of IDBI Capital Markets. He says on the asset quality front, there was expectation of some deterioration, but gross NPA at 5.4 percent is too much and the stock is likely to react.
May 28, 2015 at 10:08 | Source: CNBC-TV18
Srivastava says the economy needs more than a 25 basis point-cut by the RBI to get moving. He feels the RBI needs to be more aggressive in cutting rates and must also ensure that banks pass on the benefits to borrowers
May 27, 2015 at 10:05 | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PSU banks.
May 26, 2015 at 10:14 | Source: Moneycontrol.com
Equity Mutual Funds across category declined as the market fell more than 1 percent on Monday, reacting to the disappointing March quarter earnings of ITC and SBI.
May 25, 2015 at 17:29 | Source: Moneycontrol.com
The 30-share BSE Sensex fell 313.62 points to 27643.88 and the 50-share NSE Nifty closed below the 8400-mark, down 88.70 points to 8370.25. The BSE Midcap and Smallcap indices closed flat with negative bias. Experts believe the market may remain rangebound for the next couple of months.
May 25, 2015 at 12:22 | Source: CNBC-TV18
Amisha Vora of Prabhudas Lilladher is fo the view that one may prefer SBI from the PSU banking space.
May 23, 2015 at 12:14 | Source: PTI
The proposed JV will construct a state-of-the-art cold rolling mill and other downstream finishing facilities in India that will offer technologically advanced steel products to Indias rapidly growing automotive sector.
May 22, 2015 at 13:34 | Source: Moneycontrol.com
Gross non-performing assets (NPA) was at 4.25 percent versus 4.90 percent quarter-on-quarter while net NPA stood at 2.1 percent against 2.8 percent sequentially.
May 22, 2015 at 09:46 | Source: CNBC-TV18
While the Indian equity market has discounted poor Q4 earnings, days of robust numbers are still far, says Krishna Kumar Karwa, managing director, Emkay Global Financial Services.