In view of the feedback received, and in close consultation with our Chairman, the management team has decided to install 150 plus branches in a cautious, prudent and calibrated manner over a period of 24 months (instead of 12 months, the DCB Bank release said
Brokerage house Kotak has downgraded private sector lender DCB Bank to sell from buy and lowered its target price.
Unemployment affects aggregate demand because as people get unemployed or they are scared of losing their jobs, they are not going to spend and aggregate demand in the Indian economy has declined. It is the fundamental cause of the loss of confidence in the economy and in its policy paradigms
In an interview to CNBC-TV18, Nasser Munjee cautions that the macro situation over the next two quarters looks very dismal as government policies are going in exactly the wrong direction.