Mahindra and Mahindra along with financials sector are on the radar of investors. They remain mixed on the automobile major and have raised concerns on stocks in the financial sector.
Blankfein's overall pay declined 4 percent to $22 million, according to a regulatory filing.
Soumya Kanti Ghosh, Chief Economic Advisor at SBI is happy with the CPI numbers, and is confident that the inflation numbers will remain below 4 percent till the end of FY17. But he warns that inflation may start rising soon after.
Claudio Piron of BofAML continues to remain bullish on the dollar. Despite Donald Trump not wanting a stronger dollar, ultimately, a stronger dollar will prevail despite the volatility.
The Reserve Bank today imposed penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of the FEMA.
The deal, worth USD 2.4 billion or 2.3 billion euros, will bolster the group's position in Britain's prime credit card market, Lloyds Banking Group (LBG) said in a statement detailing its first purchase since 2008.
Asian currencies, including India, have been depreciating in last 1-2 years. As long as the dollar strengthens, weakness in emerging markets currency will continue, Jayesh Mehta, MD & Country Treasurer of Bank of America.
Like rivals JPMorgan and Citigroup , Bank of America enjoyed a boost from a resurgence in trading. That came as clients scrambled to reposition after Britain's surprise June vote to leave the European Union, and changing expectations for monetary policy in the United States, Europe and Japan.
The job cut plan comes after Reuters reported on Friday that Goldman Sachs is planning to cut almost 30 percent of its 300 investment banking jobs in Asia outside Japan, in response to a fall in activity in the region.
Bank of America is set to cut about two dozen investment banking jobs in Asia, including some top dealmakers, sources told Reuters, as a slowdown forces western banks to cut costs.
The three-year stint of the outgoing Reserve Bank chief is largely viewed by economists as positive as growth picked up, reserves increased, currency stabilised, inflation cooled and a number of reforms were undertaken during his watch.
Paul Schatz, President of Heritage Capital says that there can be a currency collapse around the world in 2017-18, which will lead to mass money flowing into US assets â€“ first in treasury bills, followed by an enormous large cap rally in the US.
"Timelines (on Vodafone India IPO) will be most probably decided after spectrum auction this fiscal in India is over," a source privy to the Vodafone IPO plan told PTI.
A report by PAX last week listed the government-owned bank as one of 158 lenders - including JP Morgan Chase, Barclays, Bank of America and Credit Suisse - that violated an international ban for investing in cluster bomb firms.
The vote could have a huge impact on the City of London, where US banks do most of their business for the 28 European Union member countries.
State-run banking behemoth SBI has been named in a 'Hall of Shame' list of 158 banking and financial institutions globally that have invested billions of dollars in companies making cluster bombs.
With the Reserve Bank of India keeping the key policy rate unchanged at 6.50 percent, Arun Tiwari, Chairman and Managing Director, Union Bank of India; and Shilpa Kumar, Group Executive, ICICI Bank shared their views with CNBC-TV18 on the RBI monetary policy.
The settlement yesterday followed a federal judge's ruling in March, admitting the class action lawsuit brought by investors and pension funds against the banks.
For 55-year-old Jaspal Bindra, who was one of the poster boys of the Indian management talents in global financial markets for over three decades, this is a home coming.
Regarding bond yields falling after the rate cut news, he says it was nothing but profit-booking, says Jayesh Mehta, MD & Country Treasurer, Bank of America
Dhananjay Mungale has been a board member since March 1999 and was also the chairman of the audit committee of October 2008.
In each of the previous years Thomas Montag, the bank's chief operating officer, received a larger pay package than Moynihan. New York-based Montag oversees Bank of America's investment bank, including its securities businesses.
Michael Corbat earned an estimated USD 16.5 million in 2015, including deferred shares worth about USD 4.5 million. He earned USD 13 million in 2014.
David Mann, Head- Asia Economic Research at Standard Chartered, says there has been no serious stimulus by the policy makers in China and this is becoming difficult for the market to absorb the fact.
Finance Minister Arun Jaitley is slated to present the Budget for financial year 2016-17 next month.