“About 15 to 20 years ago, branches were important but what do we do with them now is the question," Anand Selvakesari, Asia Pacific head, global consumer banking at Citibank said.
Indeed to trade one lot of Federal Bank futures, one would have to put up a margin of Rs 1.23 lakh. While to buy a call option at 90, a trader would have to pay Rs 36,300.
Fitch cited the economic survey released last month suggesting that 57% of the top 100 stressed debtors would need debt reduc tions of 75% to make them viable.
Two IFSCs will not be feasible in a country where there is no full capital account convertibility of the currency as it would defeat the purpose of a special economic zone, Ajay Pandey.
The rumours started earlier this month with speculation that Kotak is in talks to buy out its larger private sector rival.
"A global trade war would be in no one’s interest. The main impact of a trade war and protectionism would be high inflation, and high inflation would mean high interest rates," Maratheftis said.
As fintech firms grow, they would be coming under a regulatory framework. Banks should capitalise on the fintech ecosystem.
In a notification on its website, RBI said these new class of investors will given a wider choice for Indian issuers abroad.
Despite expectations that the worst may be over, total stressed assets, which include NPAs, have steadily increased for the banks in the current fiscal.
Large public sector banks have better access to growth capital, better market valuation, and also some non-core assets to divest holding them in good stead to their smaller counterparts.
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