BANK OF AMERICA SECURITIES
Expect 50 bps rate cut by October: Bank of America
India's economy may contract by 3 to 5 per cent in FY'21, which may trigger a 50 to 150 bps points reduction in benchmark repo rate by the central bank during the year.
US FCC designates Chinese companies 'Huawei' and 'ZTE' as national security threats to America
The Federal Communications Commission on Tuesd...
U.S. FCC issues final orders declaring Huawei, ZTE national security threats
In May 2019, the FCC voted to deny another state-owned Chinese t...
Reduce South Indian Bank, target price Rs 7: ICICI Securities
Reduce South Indian Bank Ltd. at a price target of Rs 7.0 .
SAT allows Axis Bank to sell securities in Modex International matter
The bank had cleared the trading of Modex International.
Buy HDFC Bank, target price Rs 1,379: ICICI Securities
On the cost front, the bank has been agile about consistently bringing down cost to assets by more than 40 bps and it still has a further buffer to manage it by 15-20bps to cushion any earnings volatility.
India set to re-enter UN Security Council
India’s candidature for 2021-22 for the lone seat from Asia Pacific had been unanimously endorsed by 55 members of the group last June.
RBI announces OMO of simultaneous purchase and sale of govt securities
The apex bank said it will buy government securities including 6.79 per cent, 7.26 per cent, 6.68 per cent and 6.57 per cent maturing on May 15, 2027, January 14, 2029, September 17, 2031 and December 5, 2033.
Axis Bank to raise Rs 15,000 crore via shares, securities sale; board approves fundraising plan
Private sector lender Axis Bank on Thursday said it has received board of director's approval for raising funds up to Rs 15,000 crore though...
Three midcap private bank stocks Sanjiv Bhasin is bullish on
‘Bajaj Finance for us at this price would not be a recommendation’
America's DFC to invest $350 million in India
The US International Development Finance Corporation (DFC) is looking to invest $350 million in India to support multiple projects in the country’s financial services sector, health infrastructure, renewable energy and food security space.
Banks’ NPA problem will get deferred into the future: SBICap Securities
‘Sooner or later fundamentals will catch up to the liquidity aspect’
Lockdown extension to have deep impact on Indian economy: Report
The central government has been reopening parts of the economy, while continuing with the lockdown in COVID-19-affected parts of the economy, which contribute over 60 per cent of the GDP.
Two least-tracked banks quietly top the charts, but analysts wary
The two lenders have risen 37 per cent and 19 per cent on a year to date basis.
Buy AU Small Finance Bank, target price Rs 665: ICICI Securities
Products per customer at 1.3 times indicate enough growth potential.
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