This difference in total daily remuneration has widened by about Rs 70,000 since FY17, when it was Rs 1.7 lakh. For instance, India’s largest bank, the State Bank of India (SBI) paid its chairman Rajnish Kumar Rs 8,092 per day in FY19, as compared to Rs 3.74 lakh that HDFC Bank Ltd, India’s largest private bank, paid its CEO Aditya Puri in FY19.
At the end of the December quarter, bank credit stood at Rs 80.62 trillion compared to Rs 77.95 trillion in the September 2017 quarter, as per the RBI data.
It also said that private sector banks and large public sector banks would benefit from early signs of macro revival, enabling them to start the credit growth trajectory.
Most public and private sector banks mention in their agreement clause while filling the application form to rent a locker facility that the banks are not responsible for any loss or damage to the contents of a locker
N S Venkatesh will be relieved from his services at Lakshmi Vilas Bank at the close of office hours on Saturday, October 21
RBL Bank (former Ratnakar Bank) today announced its capital infusion of Rs 1,680 crore by selling 3.26 crore shares for Rs 515 per share on a preferential basis to marquee investors.
Gross non-performing assets (NPAs) showed a slight uptick the ratio at 1.74 percent of total advances while net NPA ratio edged up to 0.92 percent
The demonetisation demon has come to haunt banks as their meal ticket retail loans have taken a hit by slower growth during the three months starting November.
In a discussion on consolidation in banking sector with CNBC-TV18, industry expert AK Purwar said consolidation is key for the industry. "Banks at the helm must flex their muscles and they must acquire their poorer cousins who are not so well managed," Purwar said. Such mergers result in better management of smaller banks, he said.
The buy back announced by Tata Consultancy Services is a very good start for the IT sector to return surplus cash to the investors, while also improving the return on earnings (RoE), says Nilesh Shah of Envision Capital.
Market in yesterday‘s trade rallied owing to the gains from healthcare stocks. Swati Kulkarni of UTI MF said that pharma companies are going through the remediation process and after they US FDA approvals, the pharma stocks will perform well.
The acceptability of these bonds is increasing gradually as more financial institutions and HNIs are taking exposure.
The demonetisation move has hit the returns potential of a slew of sectors. Subsequently, Birla Sun Life Mutual expects the Nifty companies to yield 8 percent growth by end of FY17, said Mahesh Patil, Co-Chief Investment Officer-Equity, Birla Sun Life Mutual Fund
Speaking to CNBC-TV18, Dipan Mehta, Member of the Bombay Stock Exchange and National Stock Exchange, said that customers had put their faith in these institutions despite domonetisation.
Factors such as GST structure and its implementation will centre the focus of the market to midcap segment and the segment will remain more constructive despite a valuation gap between midcap and large cap stocks, said Nitin Jain, Principal Investment Manager at Kotak UK.
Mihir Vora, Director And Chief Investment Officer at Max Life Insurance expects a 10-15 percent compounded growth from the market over the next two years. He says the market has delivered a little more than the economy till now. It is high time the economy delivers too.
Sales of companies constituting the 50-share well-diversified NSE index are seen to grow 3 percent in the July-September quarter compared with the year-ago period, said the report brought out by leading brokerage Motilal Oswal.
Private sector banks are likely to see about 5 per cent uptick in earnings while profit of state-owned lenders may drop 12.7 per cent for the second quarter of this fiscal, a report said.
"It will help us extend our distribution footprint and strengthen our financial inclusion initiatives across the hinterland. We will strive to explore joint business opportunities," RBL managing director and chief executive Vishwavir Ahuja said in a statement.
Pramod Gubbi, Director Institutional Sales, Ambit Singapore is of the view that the long-only funds are still circumspect on India because of the liquidity driven rally.
Avinash Gorakshakar, Market Expert is of the view that one may look at private sector banks.
If you want to do active stock picking, here's how you should do it, says Nilesh Shah, MD of Kotak AMC.
Manishi Raychaudhuri of BNP Paribas sees earnings and economic growth soon. Companies catering to rural consumption would be the biggest beneficiaries of this growth. He also has a positive on private sector banks, cement and the IT sector.Equity investors should take defensive stance as correction looms large