- Loan and deposit growth for Indian banks improved in the recent fortnight, with loans up 18.3% and deposits up 14.4% year-over-year.
- The credit-deposit ratio remained stable at 76.8% while the statutory liquidity ratio also remained stable at 27.5%.
- Absolute loan amounts increased by INR641 billion while absolute deposit amounts grew by INR795 billion in the reported fortnight.
“RBI Monetary Policy Analysis : Leaving no stone unturned “iciciprumf
The RBI cut the Repo rate by 75bps to 4.4%, the Reverse Repo by 90bps to 4% and the Cash Reserve Ratio (CRR) by 100bps to 3%, targeting an increase in liquidity with banks to invest in investment-grade corporate bonds, commercial papers etc. and announced macro-prudential measures such as relaxing repayments for all term loans and improving access for working capital for the next 3 months.
We recommend adding equities through Asset allocation schemes and Fund of fund schemes like
ICICI Prudential Balanced Advantage Fund and ICICI Prudential Asset Allocator Fund (FOF)
Read the full doc to know more
Weekly Technical Report :10 February 2020Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
Index Performance: Indian equity indices S&P BSE Sensex and Nifty 50 tanked 23% each in March 2020 due to worries about the rapid spread of Covid19 in the country and the government’s lockdown decision. The benchmark
indices also logged their biggest one-day fall on March 23 and hit their lower circuits twice in the month, triggering trading halts for 45 minutes.
Inflation: Retail inflation, based on Consumer Price Index (CPI), fell to 6.58% in February 2020 from a 68-month high of 7.59% in January, because of a decline in food prices and the base effect.
Diversify into debt funds with ICICI Prudential Floating Interest Fund and aim to generate income by investing in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity.
#ChoiceBroking #MorningTea: Global View- Wall Street rose on Friday, clinching the fourth straight positive week for the stock market, boosted by strength in telecom stalwarts
AT&T and Verizon.
CapitalHeight provides day market highlight and you will get stocks to watch for day, profitable stocks details from capitalheight, Technically and fundamentally analysis we will provide on daily basis to make strategy to earn from market. CapitalHeight ensure that by which strategy you can get maximum profit.
Interbank call money rates remained mostly below the RBI’s repo rate of 5.40% in the month owing to comfortable liquidity in the system, prompting the central bank to conduct frequent reverse repo auctions and provide banks with idle funds an opportunity to invest for a short period.
Read the full document to know more.
• RBI kept the Repo rate unchanged to 5.15%
• Reverse Repo rate remains adjusted to 4.90%
• Marginal Standing Facility (MSF) rate and the Bank rate remains adjusted to 5.40%
• Cash Reserve Ratio (CRR) remains unchanged at 4%
• Statutory Liquidity Ratio (SLR) stands adjusted to 18.25%
“RBI Monetary Policy Analysis : Leaving no stone unturned “iciciprumf
The RBI cut the Repo rate by 75bps to 4.4%, the Reverse Repo by 90bps to 4% and the Cash Reserve Ratio (CRR) by 100bps to 3%, targeting an increase in liquidity with banks to invest in investment-grade corporate bonds, commercial papers etc. and announced macro-prudential measures such as relaxing repayments for all term loans and improving access for working capital for the next 3 months.
We recommend adding equities through Asset allocation schemes and Fund of fund schemes like
ICICI Prudential Balanced Advantage Fund and ICICI Prudential Asset Allocator Fund (FOF)
Read the full doc to know more
Weekly Technical Report :10 February 2020Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
Index Performance: Indian equity indices S&P BSE Sensex and Nifty 50 tanked 23% each in March 2020 due to worries about the rapid spread of Covid19 in the country and the government’s lockdown decision. The benchmark
indices also logged their biggest one-day fall on March 23 and hit their lower circuits twice in the month, triggering trading halts for 45 minutes.
Inflation: Retail inflation, based on Consumer Price Index (CPI), fell to 6.58% in February 2020 from a 68-month high of 7.59% in January, because of a decline in food prices and the base effect.
Diversify into debt funds with ICICI Prudential Floating Interest Fund and aim to generate income by investing in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity.
#ChoiceBroking #MorningTea: Global View- Wall Street rose on Friday, clinching the fourth straight positive week for the stock market, boosted by strength in telecom stalwarts
AT&T and Verizon.
CapitalHeight provides day market highlight and you will get stocks to watch for day, profitable stocks details from capitalheight, Technically and fundamentally analysis we will provide on daily basis to make strategy to earn from market. CapitalHeight ensure that by which strategy you can get maximum profit.
Interbank call money rates remained mostly below the RBI’s repo rate of 5.40% in the month owing to comfortable liquidity in the system, prompting the central bank to conduct frequent reverse repo auctions and provide banks with idle funds an opportunity to invest for a short period.
Read the full document to know more.
• RBI kept the Repo rate unchanged to 5.15%
• Reverse Repo rate remains adjusted to 4.90%
• Marginal Standing Facility (MSF) rate and the Bank rate remains adjusted to 5.40%
• Cash Reserve Ratio (CRR) remains unchanged at 4%
• Statutory Liquidity Ratio (SLR) stands adjusted to 18.25%
A thorough analysis of company , industry and economy goes behind our stock ideas for you. With these picks, you may earn superior returns over a medium to long term period. Visit https://simplehai.axisdirect.in/share-stock-prices/nse/Federal-Bank-Ltd-3709 for more
A thorough analysis of company , industry and economy goes behind our stock ideas for you. With these picks, you may earn superior returns over a medium to long term period. Visit https://simplehai.axisdirect.in/share-stock-prices/nse/Bajaj-Electricals-Ltd-51 for more
Daily Derivatives Report:07 Febaruary 2019Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
Daily Derivatives Report:01 February 2020Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
A thorough analysis of company , industry and economy goes behind our stock ideas for you. With these picks, you may earn superior returns over a medium to long term period. Visit https://simplehai.axisdirect.in/share-stock-prices/nse/Bajaj-Corp-Ltd-38716 for more
A thorough analysis of company , industry and economy goes behind our stock ideas for you. With these picks, you may earn superior returns over a medium to long term period. Visit https://simplehai.axisdirect.in/share-stock-prices/nse/I-G-Petrochemicals-Ltd-2202 for more
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
Weekly Derivatives Report :07 January 2019Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
https://simplehai.axisdirect.in/share-stock-prices/nse/Canara-Bank-5471
A thorough analysis of company , industry and economy goes behind our stock ideas for you. With these picks, you may earn superior returns over a medium to long term period. Visit https://simplehai.axisdirect.in/share-stock-prices/nse/ITD-Cementation-India-Ltd-105 for more
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
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Rong Viet Securities - Investment Strategy Report Outlook 2018Thomas Farthofer
Recently our partner, Rong Viet, issued their extensive and very interesting annual Outlook for 2018.
Based on rising consumption and investment, RongViet expects Vietnam's GDP to grow by 6,7%. While the State's divestment plan, the development of three Special Economic Zones or potential renegotiations of trading agreements offer further upside, negative effects of higher consumption tax or delays in IPO plans represent some risk.
With earnings growth still positive and market valuations acceptable, RongViet forecasts the VNIndex to rise by almost 20% (normal case).
Inflation is expected to be around 3,7%, with the trading USD/VND rate at slightly above 23.000.
Please read the presentation for further details.
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
Weekly Derivatives Report :03 February 2020Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
Daily Derivatives Report:05 February 2020Axis Direct
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Daily Derivatives Report:06 February 2020Axis Direct
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Daily Derivatives Report:07 February 2020Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
A thorough analysis of company , industry and economy goes behind our stock ideas for you. With these picks, you may earn superior returns over a medium to long term period. Visit https://simplehai.axisdirect.in/share-stock-prices/nse/SBI-Life-Insurance-Company-Ltd-22045 for more
Snam 2023-27 Industrial Plan - Financial Presentation
research report
1. 14 June 2012
Update
India Banking
Loan (+18.3%), deposit (+14.4%) growth improve; CD
ratio at 76.8%; SLR stable at 27.5%
RBI released the banking sector business data for the fortnight ended 1st
June 2012. Key takeaways:
Loan growth improved to 18.3% YoY v/s 17.4% in previous fortnight. In
absolute terms, loans increased by INR641b v/s increase of INR40b in
previous fortnight (increased INR263b a year ago).
In line with loan growth, deposit growth improved to 14.4% YoY v/s 13.8% a
fortnight ago. Absolute deposits increased by INR795b v/s decline of
INR21b in previous fortnight.
As a consequence CD ratio remained stable at 76.8% to v/s 76.7% a
fortnight ago. TTM incremental CD ratio stood at 94%.
Investments improved by INR210b compared to decline of INR164b in
previous fortnight. SLR ratio remained stable at 27.5%.
Loan (+18.3%) and deposit (+14.4%) growth improve
Non-food credit improved by INR573b (v/s decline of INR23b in the
previous fortnight and increase of INR189b a year ago). Non-food credit
growth improved to 17.6% YoY v/s 16.7% a fortnight earlier.
In line with loan growth, deposit growth improved to 14.4% YoY v/s 13.8% a
fortnight ago. Absolute deposits increased by INR795b v/s decline of
INR21b in previous fortnight.
QTD absolute loans are up by INR1t and deposits by INR2.3t. In percentage
terms, while QTD loan growth was 2%, deposit growth stood at 4%.
Borrowings during the fortnight increased by INR42b and stood at ~INR2t.
We expect loan growth for FY13 to be moderate at 15-16% due to (1) low
investment demand, (2) lag impact of slowdown in investment activity on
other segments, and (3) macroeconomic uncertainty.
CD ratio stable at 76.8%; SLR also stable at 27.5%
CD ratio remained stable at 76.8% v/s 76.7% a fortnight ago. TTM
incremental CD ratio stood at 94% v/s 93.8% a fortnight earlier.
Investments improved by INR210b compared to decline of INR164b in
previous fortnight. SLR ratio remained stable at 27.5%.
1
2. India Banking
Loan growth improves on a fortnightly basis…
so does Deposit growth
:
CD ratio stable at 76.8%
:
Loans (absolute) pick up (INR b)
:
so do deposits (INR b)
SLR ratio stable at 27.5%
:
14 June 2012
:
:
2
3. India Banking
Sector view and strategy
14 June 2012
RBI has cut repo rate by 50bp to 8% in its Annual Monetary Policy for FY13 to
revive economic growth. Banks have passed on partial benefits of recent
regulatory actions (repo cut of 50bp, CRR cut of 125bp and current hike in MSF
limit by 100bp) with 25bp cut in lending rates.
For lending rates to fall, decline in cost of funds is imperative. Liquidity
conditions remain tight and deposit growth is still low. Higher Reserve money
growth (via OMO or fall in CRR) will be key for deposits growth in FY13. RBI will
have to take more liquidity easing measures as system-wide CD ratio is
stretched at 76%+.
Our interaction with bankers suggests moderation in new sanctions continued
even in busy season of FY12. As in FY12, in FY13 too, working capital is likely to
be a key driver for corporate loan growth. Lag impact of 2-3 years of continued
moderation in capex cycle will have impact on other loan segments (Services
and Retail). Competitive intensity in the retail segment is likely to increase in
FY13 as (1) corporate activities are low, and (2) retail asset quality remains high.
We expect loan and deposit growth of 15-16% in FY13, and margins to contract
10-20bp (as fall in lending rates will have an immediate impact). While GNPAs
have peaked, expect higher restructuring in 1HCY12, which will keep valuations
under check. Fall in interest rates and easing of policy logjam will materially alter
asset quality, growth outlook, and will improve valuations.
We like banks with strong liability franchise, superior capitalization, and stability
at the top management level, specifically for PSU banks. Our preferred bets: PSU
banks - SBIN; Private Banks - ICICIBC; Midcap banks - YES and OBC. Among
NBFCs, we like HDFC.
3
5. India Banking
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India Banking LTD
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14 June 2012
5