In 2012, Akula quit as chairman of Bharat Financial Inclusion (formerly SKS Microfinance), which he'd founded and led to a successful initial public offering
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Stocks such as ICICI Bank, Axis Bank, State Bank of India, Bank of Baroda and HDFC Bank are among the top banking picks of analysts for 2017. A decline in cost of funds and treasury gains are expected to help stabilise their net interest margins
What stocks will gain from a normal monsoon?
Strong MF investments, stemming of FII outflows and positive earnings in Q3 have helped market, say analysts.
'Unless India Inc's earnings offer promise in March 2017 quarter, sentiment may not reverse in a hurry.'
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
The progress of the GST Bill in Parliament is also likely to remain in focus
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
'The government is encouraging consumption through fiscal spending in a bid to push up economic growth in the face of a slowdown in corporate investment and exports.'
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
Most of the index heavyweights are yet to declare their results.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
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