According to profiles of banks published by the Reserve Bank of India, profitability in terms of returns on assets have declined in 2011-12 against previous financial year.
Pumping in huge money into the markets by the Fed and the ECB, has complicated the business dynamics for bond dealers worldwide.
According to the report, EBITDA(Earnings before interest, taxes, depreciation and amortization) margins may improve by 20-40 basis points in the September quarter.
Yields on ten year bonds have moved up by 5 bps to 8.18% since the markets open as the markets were expecting a cut in the repo rate by the RBI.
Will RBI accede to the mounting clamour for monetary easing and cut rates? Or will it stick to its hawkish line, cite high inflation and not play ball?
Relative calm in currency mkt may be disturbed as corporate demand to repay about $8 bn of maturing loans put pressure on Re.
July industrial production to improve to 1 per cent from -1.8 per cent in June, and inflation in august to improve to 7 per cent says Deutsche Bank report.
Daiichi Sankyo’s Indian subsidiary, Ranbaxy Laboratories, will access the Indian wholesale bond market to raise Rs 500 crore through a three-year issue.
SIDBI has entered into a loan agreement with KFW Germany for 53 million Euros for MSME innovation finance programme.
Vaidya, a qualified chartered and cost and works accountant, cut his teeth at HDFC Bank in the 90s when the bank was setting new standards in Indian banking on the wake of the regulator allowing new set of lenders after years.
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