“Economy is in the midst of an adverse supply shock. Countering this with a fiscal stimulus will only further accentuate external imbalances,” JP Morgan said.
Sucking out high denomination currency in many cases proved fatal for unorganised sectors.
Chennai-based Indian Bank is leading the race to launch the QIP and has hired four investment banks.
In three years, unless the government changes and things change dramatically, as long as the world remains the same, I don’t see why inflation cannot stay low, said Jayesh Mehta.
RBI lifted a two-month moratorium on the sale of these bonds; demand remains strong.
Government revenues are likely to be slow this year because of teething problems linked to the new tax regime.
The bank has 773 branches and plans to increase it to 800 by the end of this fiscal.
India’s forex reserves crossed $400 billion for the first time ever last week
SBM is awaiting final approval from the RBI and has laid out an ambitious plan for what will be the largest market for the govt-owned lender from the island nation.
SBM has already registered a local subsidiary, called SBM (India) Ltd, which will manage the local branches in the country.
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