Ashwani Gujral of ashwanigujral.com is of the view that one can short YES Bank while he feels that Bank Nifty can fall 500-600 points.
Gross NPA declined 7 basis points sequentially to 13.73 percent and net NPA fell 72 bps to 8.96 percent in the quarter gone by.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Infra, OBC and Reliance Capital.
The public lender's net loss for the December quarter improved to Rs 130 crore from Rs 424.70 crore in the year-ago period.
Government expects job creation under Prime Minister's Employment Generation Programme (PMEGP) "to improve" in the coming days, notwithstanding the consistent decline witnessed in the number of jobs created under the scheme since 2012-13.
The reservation is available in each of the general, OBC, MBC, SC, Extreme Backward Classes, Backward Class Muslims and Backward Tribes categories, it said.
Public sector lender Oriental Bank of Commerce (OBC) is expected to report profit at Rs 119.4 crore in Q2, down 60.4 percent compared with Rs 301 crore in year-ago period.
The OBC has reduced marginal cost of funds based lending rate (MCLR) by up to 0.15 percent, OBC said in a statement.
Every candidate seeking reservation in central government posts and services as OBC candidate is required to submit a certificate confirming his or her status and also produce non-creamy layer status certificate.
Net interest income, the difference between interest earned and interest expended, grew by only 0.9 percent to Rs 1,309.32 crore in quarter ended December 2015 compared to Rs 1,297.47 crore in same quarter last fiscal.
Asset quality of the bank improved sequentially though deteriorated on yearly basis. Gross non-performing assets (as a percentage of gross advances) declined 15 basis points quarter-on-quarter (up 96 bps year-on-year) to 5.7 percent and net NPA fell 21 bps sequentially (up 26 bps on yearly basis) to 3.55 percent in quarter ended September 2015.
â€œThe leaders of this â€˜Mahaswarth‘ (opportunistic) alliance are trying to mislead the people on the issue of reservation â€¦ It is clear through the discussion of our Constitution makers that reservation cannot be given on the basis of religion." Modi Said.
The Cabinet, chaired by Prime Minister Narendra Modi, also extended the timeline for utilisation of available balance fund of Rs 90.13 crore by two years up to March, 2017.
The 22-year-old leader, who held a series of meeting with various community leaders here, said the reservation agitation "was a marathon and not a 100-metre race" and he intends to hold mega-rallies in different parts of the country to widen the stir.
Rejecting suggestions that the protesters started the violence last night, he alleged that the police were trying to "disrupt" the "movement" at the behest of the political establishment.
Oriental Bank of Commerce (OBC) has reduced interest on term deposits by 25 basis points on select maturities with effect from July 27.
Vaibhav Agrawal, VP - research banking, Angel Broking says on the asset quality front, the numbers were especially disappointing. Slippages must have been high, he adds.
Oriental Bank of Commerce's (OBC) third quarter net profit plunged 91.3 percent year-on-year to Rs 19.5 crore, dented by reduction in the book value of security receipts.
Telecom stocks like Bharti Airtel and Idea Cellular are under pressure, down 2-3 percent after the Cabinet approved 3G auction reserve price at Rs 3,705 crore which is 36 percent higher than the trai recommendation and 10.6 percent higher than the previous 3G auction held in 2010.
For term deposits having a maturity period of 2-10 years, the rate has been revised downward by 0.50 percent to 8.25 percent from existing 8.75 percent. The new rate would be effective from January 20,
ICICIdirect.com is bullish on Oriental Bank of Commerce (OBC) and has recommended buy rating on the stock with a target price of Rs 378, in its research report dated December 08, 2014.
What we need to root out is brahminism. Individual Brahmins themselves may be progressive or regressive. The meanings of the terms progressive or regressive vary with ideology.
Brokerage house Religare Capital is bullish on Oriental Bank of Commerce (OBC) and has recommended 'Buy' rating on the stock with a target price of Rs 380 in its research report dated November 18, 2014.