The market has opened on a strong note Monday. The Nifty is up 51 points or 0.7 percent at 7561. Equity benchmarks remained strong in morning trade following positive global cues.

2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : The market has opened on a strong note Monday. The Nifty is up 51
points or 0.7 percent at 7561. Equity benchmarks remained strong in morning trade
following positive global cues. as traders began to take a more positive view of the
European Central Bank's monetary policy decision last week. The India's industrial output
during January contracted, The Government is hopeful of passing the GST bill in the
second half of the budget session, Reserve Bank Governor Raghuram Rajan said the
economy is recovering, but the process of recovery is volatile. The European Central
Bank's decision to expand its balance sheet is a welcome move and would fuel a short-
term rally in equity markets across the globe. The Federal Reserve decision on Wednesday
to hold rates steady and pencil in fewer rate hikes reflects a central bank feeling its way
through tremendous uncertainty. Now the focus will shift to local issues such as earnings,
corporate performance, RBI april policy move, The domestic risk of environment right
now has become normal and neutral environment and may be now we will start seeing
some money flows towards emerging market. The crucial levels for Nifty is 7480-7300
downside and 7670-7860 is Upside.
BANK NIFTY : - The Bank Nifty opened higher on Monday at 15309 up by 141 points
or 0.97 per cent . The rally in the Bank Nifty come from some announcement in favour of
the Banking Industry. The Federal Reserve and Bank of Japan decided to keep their
monetary policy steady rather than increasing its firepower. Traders and speculators in the
futures market have started initiating fresh long positions on Nifty Bank, ahead of RBI's
money policy review.The Reserve Bank of India April policy move can be positive for the
market there is a possibility of rate cut by RBI so rally in Bank Nifty will be continue ,
The Resistance for Bank Nifty is 15806-16230 and Support for Bank Nifty is 15376-
14940.
Monday, 21 March 2016

3. TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
7864 7674 7579 7484 7294
WEEKLY R2 R1 PP S1 S2
8166 7750 7542 7334 6918
MONTHLY R2 R1 PP S1 S2
9142 7992 7797 6842 5692
BANK NIFTY
DAILY R2 R1 PP S1 S2
16236 15806 15591 15376 14946
WEEKLY R2 R1 PP S1 S2
17076 16030 15507 14984 10239
MONTHLY R2 R1 PP S1 S2
19040 16276 14894 13512 10748
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 7355 7365 7623 7923
BANK NIFTY 14839 14973 15981 16961
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 7399 6823 8083
BANK NIFTY 14916 15950 18608

4. PATTERN FORMATION ( NIFTY )
Detail of Chart -
On the Above given weekly chart of Bank Nifty applied Parabolic SAR and with channel
line it is also made the support level in up trend pattern which is the crucial trend reversal
signal, Nifty is around its strongest Support and rel. The parabolic SAR is also near the
price value of the stock we are expecting that if the Nifty is able to sustain the levelof
7550 we may witnesssed the rally toward the Bull movement it may toch the level of
7680-7750 and not breaking the level of crucial Support of 7500 that will be head toward
the bull on the other hand if it is not Sustaing the support level we may witness the bear
movement of the index and can break the level of 7400-7360 which is the strongest
support for the Nifty.

5. PATTERN FORMATION ( BANK NIFTY )
Details of Chart-
On the Above given weekly chart of Bank Nifty applied Parabolic SAR and with channel
line it is also made the rising wedge pattern which is the crucial trend reversal signal, the
Bank Nifty is around its crucial Support and resistance level. The parabolic SAR is also
near the price value of the stock we are expecting that if the Bank Nifty is able to sustain
the 15600 level and not breaking the level of crucial Support of 15500 that will be head
toward the bull on the other hand if it is not Sustaing the support level we may witness
the bear movement of the index and can break the level of 15000 which is the strong
support for bank Nifty.

6. NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1379 1358 1319 1298 1259
ALBK EQ 55 54 53 52 51
AMBUJACEM EQ 227 225 220 218 213
ASIAN PAINT EQ 889 882 871 864 853
AXISBANK EQ 442 439 434 431 426
BAJAJ-AUTO EQ 2332 2316 2292 2252 2172
BANKBARODA EQ 146 145 143 142 140
BANKINDIA EQ 99 98 96 95 94
BHEL EQ 116 114 113 111 110
BHARTIARTL EQ 352 348 344 340 336
CIPLA EQ 538 533 525 520 512
COALINDIA EQ 301 299 296 294 291
DLF EQ 110 109 107 105 103
DRREDDY EQ 3235 3199 3143 3107 3051
GAIL EQ 374 368 360 354 346
GRASIM EQ 3732 3694 3667 3602 3472
HCLTECH EQ 835 829 822 816 809
HDFC EQ 1151 1140 1122 1111 1093
HDFCBANK EQ 1042 1035 1025 1018 1008
HEROMOTOCO EQ 2866 2847 2820 2801 2774
HINDALCO EQ 88 86 84 83 81
HINDUNILVR EQ 859 852 845 838 831
ICICIBANK EQ 234 231 229 226 224
ITC EQ 328 326 324 322 320
INDUSIND BANK EQ 953 942 922 911 891
INFY EQ 1221 1205 1184 1168 1147
JINDALSTEL EQ 62 61 60 60 58
KOTAKBANK EQ 667 662 655 650 643
LT EQ 1211 1205 1198 1192 1185
M&M EQ 1247 1234 1215 1202 1183
MRF EQ 35382 35065 34483 34166 33584
MARUTI EQ 3701 3662 3609 3570 3517
ONGC EQ 217 216 215 214 213
ORIENTBANK EQ 95 93 92 90 89
RCOM EQ 54 53 53 52 51
RELCAPITAL EQ 372 369 367 364 362
RELIANCE EQ 1037 1033 1028 1024 1019
RELINFRA EQ 514 511 508 505 502
RPOWER EQ 48 47 47 46 45
SBIN EQ 195 194 194 193 192
SSLT( VEDL) EQ 95 94 92 91 89
SUNPHARMA EQ 834 829 825 820 816
TATAMOTORS EQ 371 368 367 364 363
TATAPOWER EQ 59 58 58 58 57
TATASTEEL EQ 307 305 303 301 299
UNIONBANK EQ 130 130 129 128 127

7. TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS ( AS PER TECHNICAL ANALYSIS
PRIDICTION )
NSE FUTURE
PCJEWELLER FUTRUE : SELL PCJEWELLER FUT BELOW 341 TGT 334.50 SL 344.50
ONGC FUTURE : SELL ONGC FUTURE BELOW 214.40 TGT 209.40 SL 215.90
IDBI FUTURE : BUY IDBI FUTURE ABOVE 71.30 TGT 73.30 SL 70.80
CEAT LTD FUTURE : BUY CEATLTD FUTURE ABOVE 1125 TGT 1135 SL 1120
AUROPHARMA FUTURE : BUY AUROPHARMA FUTURE ABOVE 740 TGT 750 SL 735
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 LUPIN LTD. 1820 1531
-15.92 %
2 COAL INDIA LTD. 321 296
-7.99 %
1 C
O
A
L
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D
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3
2
1
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6
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5
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3
2
1
2
9
63 SUN PHARMA 865 825
-4.57 %
4 ASIAN PAINTS 894 862
-3.60 %
A
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P
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25 IDEA CELLULAR 104 102
-2.20 %
6 DR REDDY LABS 3184 3130
-1.70 %
D
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7 HDFC 1153 1140
-1.08 %
8 ZEEL 391 388
-0.86 %
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89 BAJAJ AUTO LTD. 2324 2307
-0.74 %
10 CIPLA 533 531
-0.37 %
C
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C
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111 TATA POWER CO. 58.90 58.70
-0.34 %
12 MARUTI SUZUKI 3627 3618
-0.25 %
M
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13 M&M 1226 1223
-0.20 %
14 INDUSIND BANK 927 925
0.20 %
I
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9
2
5
15 HERO MOTOCORP 2818 2809 -0.11 %
SR.NO SCRIPT NAME PREV
CLOSE
CMP % CHANGE
1
AMBUJA CEMENT 201 225 + 11.74 %
2 CAIRN INDIA LTD. 140 156 + 11.13 % 1. C
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4. C
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5. C
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3
ACC 1230 1361 + 10.69 %
4 BHARAT PETRO 794 874 + 10.14 % 6. B
H
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7
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7. B
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8. B
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9. B
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10. B
H
A
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A
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P
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O
7
9
4
8
7
4
5
ICICI BANK 215 232 + 7.77 %
6 BHEL 104 112 + 7.33 % B
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+
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%
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+
7
.
3
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%
B
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1
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1
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7
SBI 180 193 + 7.37 %
8 GAIL INDIA LTD. 341 364 + 6.61 % G
A
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3
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9
AXIS BANK LTD. 413 439 + 6.53 %
10 ULTRACEMCO 2997 3189 + 6.38 % U
L
T
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A
C
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M
C
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2
9
9
7
3
1
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9
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6
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%
U
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A
C
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M
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2
9
9
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3
1
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911
BOSCH LTD, 17878 19001 + 6.28 %
12 TECH MAHINDRA 466 492 + 5.70 % T
E
C
H
M
A
H
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A
4
6
6
4
9
2
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T
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6
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4
9
2
13
ADANI PORTS 226 238 + 5.38 %
14 TATA MOTORS LTD 349 366 + 5.24 % T
A
T
A
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O
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3
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+
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T
A
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A
M
O
T
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S
L
T
D
3
4
9
3
6
6
15
ONGC 205 215 + 4.46 %

8. NSE CASH
CROMPTONGREAVS NSE CASH : LONGPOSITION CAN BE MADE IN CROMPTONGREAVS
ABOVE 53.50 TGT OF 58.50 AND SL OF 51.80.
PRESTIGE NSE CASH : LONG POSITIONS CAN BE MADE ABOVE 155 FOR TGT OF 170 AND
SL OF 149
SREINFRA NSE CASH : LONG POSITION CAN BE MADE IN SREINFRA ABOVE 56.25 FOR TGT
AND SL OF 62 AND 54.20 RESPECTIVELY.
RENUKA NSE CASH : LONG POSITION CAN BE MADE INRENUKA ABOVE 15.65 FOR TGT
AND SL OF 17.25 AND 15.05 RESPECTIVELY.
NCC NSE CASH : LONG POSITION CAN BE MADE IN NCC ABOVE 75.50 FOR TGT AND SL OF
82.80 AND 73 RESPECTIVELY.

9. NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
Parliament panel on land bill to meet on Monday - A Parliamentary panel is expected
to meet on Monday to discuss the controversial land acquisition bill of 2015, The Joint
Committee on the Right to Fair Compensation & Transparency in Land Acquisition,
Rehabilitation and Resettlement Bill 2015, headed by BJP MP S.S. Ahluwalia will take a
view on the remaining clauses of the bill. The NDA Government is hopeful that a
consensus will emerge on all issues related to the bill, The committee has already been
given at least five extensions.
Manufacturing projects with investments worth over Rs 12 lakh crore under
implementation - Projects with investments worth just Rs 1.6 lakh crore i.e. a meagre 11
per cent of total investments worth about Rs 15 lakh crore announced in manufacturing
sector across India have actually been recorded as of September 2015, according to a
recent study by ASSOCHAM.“Manufacturing sector in India attracted live investments
worth about Rs 33 lakh crore about one-fifth of the total live investments worth over Rs
164 lakh crore attracted by various sectors across India as of September 2015, noted the
study titled‘Impact analysis of delay in investment implementation in manufacturing,’
conducted by The Associated Chambers of Commerce and Industry of India.
Global economy finding it hard to restore pre-Great Recession growth rates: Rajan
- RBI Governor Raghuram Rajan said in speech at First Ramnath Goenka Memorial, New
Delhi. The global economy is finding it hard to restore pre-Great Recession growth rates–
every report of the IMF seemingly downgrades its previous growth forecasts. Why has
the recovery been so slow, The immediate answer is that the financial boom preceding the
Great Recession left industrial countries with an overhang of debt, and debt, whether on
governments, households, or banks, is holding back growth. While the remedy may be to
write down debt so as to revive demand from the indebted, it is debatable whether
additional debt fueled demand is sustainable. At any rate, large-scale debt write-offs seem
politically difficult even if they are economically warranted.
India won’t remain insulated from global volatility: IMF Chief - India is currently
under the wings of its robust current account position, the country would not remain
unbrushed against any developments taking place across the globe. The fact that global
economy is hedged against a recession does not lull the significance of a synchronized
policy action across countries, said Christine Lagarde, Managing Director, International
Monetary Fund, in an interview. The world’s financial sector is sturdier and prone to

10. rebound, as it was back in 2008, when the world economy had been hit by financial
tempests, Lagarde said.
IIP numbers disappointing: Raghuram Rajan - Reserve Bank Governor Raghuram
Rajan reportedly said the economy is recovering, but the process of recovery is volatile.
"We are in recovery. That's broadly what we said before and by and large, we would stick
to that, Rajan said.The RBI chief described index of industrial production numbers
released yesterday as "certainly somewhat disappointing", Rajan stated that the growth is
"not as strong as we would like as a country. we have to see how it progresses".
Bank of Japan keeps deposit rate unchanged at -0.1% - At the Monetary Policy
Meeting held today, the Policy Board of the Bank of Japan decided upon the following.
The Bank decided,by an 8-1 majority vote, to set the following guideline for money
market operations for the intermeeting period.The Bank of Japan will conduct money
market operations so that the monetary base will increase at an annual pace of about 80
trillion yen. The Bank will purchase Japanese government bonds so that their amount
outstanding will increase at an annual pace of about 80 trillion yen.
February CPI Inflation eases to 5.18%; bolsters rate cut hope - India's consumer
price index eases to 5.18 percent as compared to 5.69% in Jan helped by a fall in food
prices, after edging up for six straight months. Street had forecasted a CPI of 5.53% and
were astounded by the 40 bps fall. CPI Food Price Inflation was at 5.30% as compared to
6.85% in January. CPI Rural Inflation was at 5.97% as against 6.32% in January. CPI
Urban Inflation was at 4.30% as against 4.81% in January. The General Indices for the
month of February 2016 for Rural, Urban and Combined are 127.8, 123.8 and 125.9
respectively. The latest data further adds to rate cut case by RBI after better than expected
WPI data.
Real Estate Bill cleared in Lok Sabha and Rajya Sabha - The Lok Sabha approved the
Real Estate (Regulation and Development) Bill, 2016. The bill seeks to create a set of
rights and obligations for both the consumers and developers and encourage both of them
to live up to the expectations of each other as per the agreement entered into by both of
them. Moving the Bill pending in Lok Sabha after it got passed in Rajya Sabha on March
6, Minister of Housing & Urban Poverty Alleviation M. Venkaiah Naidu clarified the
position on the issues such as how the Bill will be applicable to existing projects.
Remove cess and surcharges as effective tax on corporates above 34 %:
ASSOCHAM - Making out a strong case for removal of cess and surcharges of various
types, the ASSOCHAM has approached the Finance Ministry for a clear road-map for
reduction of corporate tax to 25 per cent, which is effectively over 34 per cent at present.
In a post-Budget memorandum to the Finance Ministry, the chamber said the surcharge

11. and education cess was originally introduced for a short period of time but the same is
being continued from year to year. This has pushed up the overall tax rate sharply for the
corporate sector to 34.608 per cent.
Arun Jaitley says difficult to accept Congress demand for GST - Finance Minister
Arun Jaitley stated that it would be difficult to accept the Congress party's demand to cap
goods and services tax rate, as per a report. According to reports, the proposed sales tax
seeks to replace a slew of federal and state levies. The Congress party has opposed the
bill calling it "flawed".
Call drop case: TRAI to comply with Supreme Court order - The TRAI, reportedly,
said it will comply with Supreme Court order asking to consider the amendment of
penalty based on technical aspects of call drops. TRAI Chairman said, "Whatever has
been ordered by the Supreme Court shall be complied with. Supreme Court on March 17
asked TRAI to review call drop penalty regulation in view of technical issues. The apex
court has asked the regulatory body to base their stand considering the papers dealing
with technical aspects of call drops.
✍ TOP ECONOMY NEWS
Industrial output for the third month in a row remained in the negative territory
contracting 1.5% in January due to poor output in manufacturing sector. IIP also declined
by 3.4% in November and 1.2% in December according to data released by Central
Statistics Office.
Haryana became the eighth state to join the UDAY scheme for revival of power
distribution companies and is expected to save Rs 142 billion in the next three years.
In the backdrop of rising bad loans, India's biggest lenders this week will have a face-off
with truant borrowers at a meet aimed at drawing up plan to throw out inept and non-
cooperative management from the boards of companies, three people familiar with the
plans said.
Reserve Bank of India governor Raghuram Rajan called on Saturday for global central
banks to adopt a system for assessing the wider impact of their actions, including
unconventional monetary policies now in use.
A group of telecom companies has termed the Union Budget proposal to levy service tax
on spectrum allocation "punitive and unfair" and want the levy to be rolled back, saying it

12. would lead to a Rs 77,000 crore tax burden and tariff hikes. "It is imperative that the
government reconsiders the service tax proposals in view of the direct impact on the aam
aadmi as also the adverse impact on the Digital India initiative," the Cellular Operators'
Association of India said in a statement Sunday.
Initially scheduled for May or June this year, the telecom spectrum sale is likely to be
delayed by three to six months.
Amid persistent global economic uncertainty, International Monetary Fund Managing
Director Christine Lagarde on Sunday backed the government's fiscal policy and lauded
its efforts and those of the Reserve Bank of India to clean bank balance sheets.
Passenger car shipments from India declined 3.71% to 4,84,602 units in April-February
period of this fiscal due to challenges in top export markets like Algeria, Europe and
neighbouring countries, according to SIAM.
The accumulated loss suffered by power distribution companies in Uttar Pradesh
increased to Rs601bn in 2013-14 from Rs336bn in 2011-12, the CAG said in its latest
audit report.
India's wholesale prices fell for the 16th straight month in January, though the decline
was marginal. The WPI -based inflation declined to -0.91% as compared to -2.17% from
a year ago and -0.90% recorded in January.
Finance Minister Arun Jaitley said that the Government hopeful of passing the GST bill
in the second half of the budget session, which will resume on April 20. The GST bill,
which has received the approval of the Lok Sabha, is stuck in the Rajya Sabha. The
Government has already said that it is ready with the required infrastructure for the roll
out of GST.
Annual CPI eased to 5.18% in February from a year ago, helped by a fall in food prices.
Retail food inflation in February eased to 5.30%, compared with 6.85% recorded in the
previous month.
Telangana government presented a revenue surplus Budget for the year 2016-17 while
allocating more than 50% of the total estimated expenditure of Rs. 1.30 trillion under the
plan outlay. It has allocated a whopping Rs 250 billion for the irrigation sector under plan
outlay in this Budget as compared to an expenditure of Rs. 85 billion for irrigation in the

13. current financial year.
According to a study conducted by the Moody's Analytics, there has been a significant
increase in the use of electronic payment methods such as credit, debit and prepaid cards.
This boom in the electronic payment space has injected nearly $6.08 billion in the Indian
economy during the period from 2011 to 2015.
Government has collected Rs. 202 billion through education cess in the first ten months
of the current fiscal. Of this, Rs. 145 billion was collected under direct taxes and the
remaining under indirect taxes. Through the education cess, the government had collected
Rs. 360 billion in FY15, Rs. 339 billion in FY14 and Rs. 306 billion in FY13.
Plans to liberalise trade between India and China, the world’s two fastest-growing large
economies, have gathered momentum with both sides exchanging offers on removal of a
chunk of tariff lines on goods imports.
The Rs.25,000 crore capital injection for bank recapitalization in the budget has reignited
the debate on whether Indian banks have enough capital.
The coal ministry allotted 16 coal blocks that would be exploited by state owned public
sector entities and the produce sold primarily to small and medium companies that cannot
buy larger volumes from Coal India directly.
Off shore funds can now appoint fund managers in India without the risk of being treated
as a resident for tax purposes. The Central Board of Direct Taxes has now notified rules
to provide for a special taxation regime from April 1 that would facilitate location of fund
managers for off shore funds in India.
✍ TOP CORPORATE NEWS -
Dr. Reddy’s Laboratories and TR-Pharm, a pharmaceutical company based in Turkey,
announced a strategic collaboration agreement involving 3 biosimilar products. These
products will be registered and subsequently commercialised as part of this agreement by
TR-Pharm in Turkey.
Glenmark Pharmaceuticals received final approval by the United States Food & Drug
Administration for Frovatriptan Succinate Tablets, 2.5 mg, the therapeutic equivalent to
the reference listed drug product, Frova Tablets, 2.5 mg, of Endo Pharmaceuticals, Inc.
Reliance Industries' wholly-owned arm Model Economic Township Ltd will develop an
electronics manufacturing hub and footwear park at Jhajjar, Haryana with an investment

14. of Rs13 billion.
Maruti Suzuki India Ltd has missed a deadline it had set for introducing the light
commercial vehicle segment citing the ongoing resistance against diesel vehicles.
Apollo Hospitals Enterprise has completed the acquisition of the majority stake in
Guwahati based Assam Hospitals Ltd. The company acquired 51% stake in the company
for Rs573 million.
NMDC has raised the lump price by over 8% to Rs1,950 per tonne effective March 11,
its first hike for the higher grade of the ore since July, 2014.
Kotak Mahindra Group has signed an agreement with Canada Pension Plan Investment
Board to invest up to $525 million in stressed assets in the country's banking and
corporate sectors. CPPIB will have the ability to invest up to $ 450 million in the
partnership.
Wipro Ltd. announced winning a multi-year contract to develop a new IT platform for
Danish energy firm NRGi's operations. Wipro will design, build, host and deploy a
customer information system for the utility provider in a platform as a service model.
Suven Life Sciences has been granted a patent each by China, Eurasia and Hong Kong
for a drug used in the treatment of neuro-degenerative diseases.
Bharat Heavy Electricals Limited has achieved another milestone in its After-Sales-
Service business by successfully synchronising the 110 MW Unit-7 at Barauni Thermal
Power Station in Bihar following Renovation and Modernisation.
India’s largest private sector lender ICICI Bank Ltd is looking to raise $750 million
through a dollar bond issue under itsmedium-term note programme, according
to source.
Aurobindo Pharma has received final approval from USFDA to manufacture and
market Ibandronate Sodium Tablets, 150 mg. This product is expected to be launched in
the 1QFY17. Ibandronate Sodium tablets are used in the treatment and prevention of
osteoporosis in postmenopausal women.
Larsen & Toubro said its construction arm has bagged orders worth Rs 16.7 billion
across various business verticals, including residential construction and power and
distribution.
Zee Entertainment Enterprises will fully acquire aviation firm Fly By Wire for a total
consideration of Rs. 613 million in an all-cash deal. Fly By Wire International provides
aircraft charter services.
Aditya Birla Nuvo Ltd, which won a license last year to set up a non-lending bank in
India, will start its digital wallet services by the end of 2016 as it prepares to tap one of
the world’s fastest growing smartphone markets.
Wipro Limited has entered into a strategic partnership with Schneider Electric, a global
specialist in energy management and automated systems, to develop convergent solutions
for India's Smart Cities.
Drug major Lupin Ltd. said it has received nine observations relating to inadequacy and
adherence to operating norms for its manufacturing plant in Goa from the US Food and

15. Drug Administration.
Reliance Infrastructure Ltd. announced the demerger of certain power generation and
supply businesses in Mumbai, Goa and Andhra Pradesh into a subsidiary for a
consideration of Rs. 63 billion.
Tata Motors will supply 25 hybrid electric busses to the Mumbai Metropolitan Region
Development Authority. The contract to supply Tata Starbus Diesel Series Hybrid
Electric Bus with full low floor configuration is the single largest order awarded for
hybrid electric vehicle technology.
TVS Motors has entered a pact with online marketplace Snapdeal to retail its products.
Nine two-wheeler products from TVS Motor Company will be available on
snapdeal.com.
Bharti Airtel will emerge as the largest high-speed mobile broadband spectrum owner in
the country, beating Mukesh Ambani-owned new entrant Reliance Jio Infocomm, once
the country's top mobile operator buys Videocon's 4G airwaves in six circles.
Mahindra & Mahindra has announced the launch of Gusto 125. The Mahindra Gusto
125 is available in two variants - DX and VX –at Rs 50,680 and Rs 53,680 respectively.
✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK
In the last fortnight, State Bank of India , on behalf of itself and other consortium
lenders, has put three large loans aggregating to INR 20,769 crore on the block.
DBS Group Holdings, Southeast Asia's largest bank, is set to acquire Royal Bank of
Scotland Group's Indian onshore operations for about Rs 1,000 crore, a much-awaited
deal that will see the exit of Britain's biggest government owned bank from one of the
fastest-growing economies.
Bankers led by the State Bank of India warned distressed corporates to accelerate their
asset sales so that they can recover their dues, failing which banks would themselves take
it in their hands the process of disposal of assets.
Savings bank account holders have been hit most by the falling interest rates as banks
lowered the amount paid to them as interest. But the silver lining is that the community as
a whole is set to reap more than Rs 500 crore as additional interest, thanks to the tweak in
the way banks paid out interest on such deposits.
Bad loans have hit the banking sector's advance tax payouts for March quarter, with State
Bank of India paying a 60 per cent lower tax, ICICI Bank showing a marginal increase,
while HDFC Bank posting a 14 per cent growth in tax liability.

16. Lending by Indian banks continued to remain in double digits for the second
consecutive fortnight rising 11.5% growth for the fortnight ending March 4, according to
data released by the Reserve Bank of India.
Axis Bank, India's third largest private sector lender, has provided seed funding of Rs 10
lakh to the students of Indian Institute of Foreign Trade, the winners of the inter-campus
online gamified competition 'Axis Moves' it has launched in leading B-schools in a bid to
bolsterentrepreneurship across the country. The winning ideas will be executed by the
Axis Bank Foundation and a partner non-governmental organisation.
The country's largest lender, State Bank of India, said it has raised Rs 3,000 crore on a
private placement basis. The bank has issued 30,000 Basel-III compliant, tier-ll bonds in
the nature of debentures.

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