Suresh Ganapathy, banking analyst, Macquarie sees public sector banks having a slightly better year than FY13.
Ismael Pili of Macquarie is underweight on Indian banks compared to their Asian peers. The banking sector continued to grapple with NPA, mainly arising out of the power sector, even as the deteriorating state of the economy raises new concerns.
Eleven and a half months after the Cairn-Vedanta transaction was announced, the change in ownership now seems like a done deal. The Cairn India board has decided to call a postal ballot of all shareholders on the government’s preconditions for the deal, reports CNBC-TV18.