Non banking finance major IFCI is positive on bringing down its gross NPAs to around 20 percent by March 2014. Its CEO and MD, SB Nayar says that asset quality is likely to improve going forward.
The government currently is considering buyback options instead of divestment as current market conditions force them to do so. Coal India has given its nod for the same, while an approval from other companies is awaited, reports CNBC-TV18's Aakansha Sethi.
Repayments coming up for the present year stands at about Rs 1.1 trillion. Crisil's Ramraj Pai feels about 70 percent of it will be financed through internal accruals, but the rest will have to be refinanced either locally or internationally.
Move could encourage foreign investors to look again at the sector, and allow existing foreign investors to increase their stake in subsidiaries to 100 percent
Market will be volatile due to the narrowness in the breadth, says professional investor Sangeeta Purushottam. She told CNBC-TV18 that the earnings of companies will take a hit with the recent rupee's fall.
Sandeep Bhatia said the current flow of liquidity from the US will tend to slow down in the next two years although it will be in abundance in Europe and Japan; and India can enjoy some of the benevolence coming from Japan.
Ballooning central bank balance sheets across the US, Europe, the UK and Japan are "profoundly abnormal", according to Jean-Claude Trichet, the former president of the European Central Bank.
An anorexic under doctor's orders to put on weight might fret unnecessarily about getting fat one day. Today's generally subdued inflation prompts similar worries.