Page 115 - Finance News Analysis
ICICI Bank: A bank in your pocket
ICICI Bank has recorded over 2 million downloads of its digital banking service, Pockets, till now
 "ICICI Bank: A bank in your pocket")
IDFC Bank might give lower returns, invest for the long term
The stock is unlikely to give comparable returns as other banks in this bull run but will be a stronger candidate for the next one
 "IDFC Bank might give lower returns, invest for the long term")
Rupee strengthens 27 paise against dollar in early trade
Increased selling of American currency by exporters helped the rupee
 "Rupee strengthens 27 paise against dollar in early trade")
Rupee likely to weaken this week
Last week, the RBI had reduced the repo rate - the rate at which banks borrow from the RBI - by 50 basis points (bps) to 6.75% due to which the rupee strengthened against the dollar
 "Rupee likely to weaken this week")
Policyholders lose, agents gain in endowment plans
Returns are worse than provident fund and cover is inadequate
 "Policyholders lose, agents gain in endowment plans")
Forex reserves fall to $350 bn
Country's foreign reserves plunge by over $2 bn
 "Forex reserves fall to $350 bn")
India's foreign reserves plunge by over $2 billion
During the week under review, the country's gold reserves remained stagnant
 "India's foreign reserves plunge by over $2 billion")
Rupee extends gains for 4th day, up by 7 paise
The currency moved in a range of 65.48 per dollar and 65.67 per dollar before ending at 65.51 per dollar
 "Rupee extends gains for 4th day, up by 7 paise")
Rupee strengthens in early trade as exporters, banks sell dollars
But overseas dollar strength caps gains
IDFC thinks big as it makes its banking foray
It hopes to become profitable from day one by focusing on technology and differentiated services. But will those measures be enough to grow its retail operations?
 "IDFC thinks big as it makes its banking foray")
Rupee hits 5 week high of 65.58, up 38 paise
Strong rally in equity markets and softening dollar sentiment overseas aided the home currency
50-bp rate cut: The reasons and what it means
CPI inflation (y-o-y in %) Retail inflation dropped to nine-month low
 "50-bp rate cut: The reasons and what it means")
Temporary help for the most indebted
For over-leveraged companies such as GMR Infra, Adani Power, Tata Power, IRB Infra and Tata Steel, cash flow mismatch and poor profitability are bigger issues than cost of funds
 "Temporary help for the most indebted")
Consumer demand to get a boost
Sizeable investments, however, will take more time to pick up, say CEOs; they reiterate need for acceleration on policy reforms and more spending on infrastructure
 "Consumer demand to get a boost")
 "Reserve Bank rate cut will not hit depositors")
Base rate cut by banks to impact margins by 10-15 bps
Full transmission of rate cut still a long way to go
 "Base rate cut by banks to impact margins by 10-15 bps")
Rajan goes for big-bang cut
Repo rate at four-&-a-half-yr low of 6.75% after a cut of 50 bps
 "Rajan goes for big-bang cut")
Holy trinity in sight: Rajiv Bansal
The trinity of a weak currency, low inflation and easing monetary policy could be the best recipe to aspire for annual double-digit growth in the next few years
 "Holy trinity in sight: Rajiv Bansal")
Challenging times ahead: Glenn Saldanha
The reduction will go a long way in boosting economic growth and will act as a stimulant for Indian firms to invest more on capex
 "Challenging times ahead: Glenn Saldanha")
A welcome shot in the arm: Ravneet Gill
The move to ease foreign investors' access to the bond market is a huge positive and will help improve the demand-supply dynamic of bonds
 "A welcome shot in the arm: Ravneet Gill")
