The market is still firm as the Nifty is away from 7600. The 50-share index is opened on Monday up 24.45 points or 0.3 percent at 7588. on the back of Indian manufacturing sector growth rose to a four-month high in January. Oil prices dropped early after China posted surprisingly weak economic data. Overseas investors pulled out more than Rs 11,000 crore from the Indian stock markets in January - on global growth worries and decline in oil prices.

2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The market is still firm as the Nifty is away from 7600. The 50-share index is opened on
Monday up 24.45 points or 0.3 percent at 7588. on the back of Indian manufacturing sector growth rose to
a four-month high in January. Oil prices dropped early after China posted surprisingly weak economic data.
Overseas investors pulled out more than Rs 11,000 crore from the Indian stock markets in January - on
global growth worries and decline in oil prices. Economic data from China, showing its manufacturing
sector contracted at its fastest pace in almost three-and-a-half years in January, added to worries about
demand from the world's top energy consumer at a time when the market is already weighed down by a
supply overhang. However Asian shares started a new month on somewhat firmer footing, helped by
accommodative monetary policies in Japan and Europe. The crucial level for Nifty down side is 7420-7450
and Upside is 7550-7580. if the Nifty manages to sustain above the 7550 mark then we may witness a
continuation of this move towards 7600-7679 levels. On the other hand, 7400-7473 are now seen as
important Support levels, The major resistance for Nifty is 7600 if the Nifty able to meet that point we
could find the comfortable zone for Nifty to move in the continues trend for Next week.
BANK NIFTY : - The Bank Nifty open in Positive trend on Monday trading session at 15547.75 up by
25 points or 0.3 per cent. The Bank Nifty is currently trading at 15265 up by 344 point or 2.30 per cent.
Bank shares have remained a pain point for the stock market over the past one year -- beset by NPA issues
and weak credit demand -- and the pain is likely to continue for a while, The Finance Minister could have
"done a lot more" to clean up the banking system. On the positive side, The Reserve Bank could cut repo
rate by 25 basis poits.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
7805 7597 7493 7389 7181
WEEKLY R2 R1 PP S1 S2
8201 7701 7451 7201 6701
MONTHLY R2 R1 PP S1 S2
8201 7701 7451 7201 6701

3. BANK NIFTY
DAILY R2 R1 PP S1 S2
16238 15510 15146 14782 14054
WEEKLY R2 R1 PP S1 S2
17477 15869 15065 14261 12653
MONTHLY R2 R1 PP S1 S2
17477 15869 15065 14261 12653
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 7470 7674 7839 8077
BANK NIFTY 15378 16223 16766 17475
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 7365 7950 8320
BANK NIFTY 15615 17390 19170

4. PATTERN FORMATION ( NIFTY AND BANK NIFTY )
Depiction of Chart On the Above given weekly chart Applied the 200 days Moving average along with 50 days Exponential moving
Average. The Moving average lag the current price action because they are based on past prices longer the time period the greater the lag of
Moving Average. Thus a 200-day MA will have a much greater degree of lag than a Less-days MA because it contains prices for the past
200 days. With breaks above and below this moving average considered to be important trading signals.for Buying or Selling. MA also
impart important trading signals on their own, .While on the Above given Chart EMA is About to cross over the MA which is a early signal
for Bullish movement for Nifty . The global market also in Support for Bull movement, The privilege for Nifty50 to give gap-up opening in
next week. So we can expect that if the Nifty is crossing the level of 7600 it can make the high of 77650-7680 for Next Week. Weekly
Support of Nifty Is 7450-7500 And Resistance is 7600-7650.

5. BANK NIFTY MACD
Details of Chart On the Above given weekly chart of bank Nifty applied 200 days Moving Average along with 50 days Exponential
moving Average . And the both are the indicators on Bull movement for Bank Nifty. After long time the Bank Nifty has seen the Near
level of 16900. The market is now in good shape so we could expect the handsome return from the Bank Nifty for Next week. Hope from
Banking industry is Also good for next week, so we are assuming further movement of Bank Nifty The Crucial level for Banking Nifty is
15600-15800 if the Nifty able to meet that target we can Expect the Bank Nifty 16000 level near next week. we Still bullish on bank Nifty.
The major Resistance for Nifty Is 15800-16150 And the Support for Banking Nifty is 15400-15320.

6. NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1291 1280 1267 1256 1242
ALBK EQ 54 53 51 49 47
AMBUJACEM EQ 199 197 195 193 190
ASIAN PAINT EQ 914 901 883 870 852
AXISBANK EQ 394 388 380 375 367
BAJAJ-AUTO EQ 2426 2368 2310 2273 2236
BANKBARODA EQ 126 124 122 120 118
BANKINDIA EQ 101 99 96 94 91
BHEL EQ 133 131 129 125 123
BHARTIARTL EQ 308 306 303 301 299
CIPLA EQ 583 567 553 536 523
COALINDIA EQ 326 324 321 319 315
DLF EQ 98 97 95 94 92
DRREDDY EQ 3276 3193 3037 2954 2797
GAIL EQ 386 377 363 355 341
GRASIM EQ 3559 3470 3396 3307 3232
HCLTECH EQ 895 881 855 840 815
HDFC EQ 1218 1197 1167 1147 1117
HDFCBANK EQ 1070 1060 1045 1035 1020
HEROMOTOCO EQ 2712 2637 2534 2458 2355
HINDALCO EQ 75.50 72.80 70.80 68.10 66.10
HINDUNILVR EQ 855 836 801 782 747
ICICIBANK EQ 249 239 229 218 208
ITC EQ 337 327 315 305 293
INDUSIND
BANK
EQ 970 951 915 896 860
INFY EQ 1199 1182 1153 1137 1108
JINDALSTEL EQ 68 66 61 59 55
KOTAKBANK EQ 702 692 676 666 650
LT EQ 1197 1148 1109 1060 1021
M&M EQ 1296 1263 1206 1173 1117
MRF EQ 34879 34514 33985 33620 33091
MARUTI EQ 4327 4219 4071 3963 3815
ONGC EQ 235 230 222 217 210
ORIENTBANK EQ 109 107 103 101 97
RCOM EQ 60 59 58 57 56
RELCAPITAL EQ 367 362 355 350 343
RELIANCE EQ 992 985 977 970 962
RELINFRA EQ 449 444 437 432 425
RPOWER EQ 49 48 47 46 45
SBIN EQ 179 177 172 170 166
SSLT( VEDL) EQ 77 75 74 72 71
SUNPHARMA EQ 870 862 856 847 841
TATAMOTORS EQ 337 334 331 327 324
TATAPOWER EQ 62 61 59 58 57
TATASTEEL EQ 257 248 242 238 233
UNIONBANK EQ 143 141 136 133 128

7. TOP 15 ACHIEVERS // TOP 15 LOOSERS
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 ADITYA BIRLA
NUVO
2065.70 870.00
-57.88%
2 JUST DIAL 802.15 608.65
-24.12%
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3 RCOM 73.30 62.10
-15.28%
4 IDEA CELLULAR
LTD
116.60 103.10
-11.58%
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5 JET AIRWAYS 670.90 602.60
-10.18%
6 UNITED SPIRITS
LTD
2733 2488
-8.96%
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7 ENGINEERS
INDIA
211.05 193.05
-8.53%
8 ADANI PORTS 232.40 212.70
-8.48 %
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9 GATI LTD. 124.60 114.15
-8.31%
10 UNITED
BREWERIES
841.00 776.90
-7.62%
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11 ALOK
INDUSTRIES
5.48 5.11
-6.75%
12 BEML LTD 1115 1041
-6.67%
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13 BHARTI AIRTEL 310.15 289.70
-6.59%
14 SYNDICATE BANK72.10 67.55
-6.34%
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15 TATA POWER CO. 64.35 60.35 -6.22%
SR.NO SCRIPT NAME
PREV
CLOSE
CMP % CHANGE
1 TATA ELEXSI LTD 1734 2076 +19.72%
2 NIIT TECH. 473 552 +16.69% N
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23 FINOLEX IND. 272.90 317.45 +16.32%
4 HIND. ZINC 138.50 160.65 +15.99% H
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5 UNION BANK OF IN 114.50 130.50 +13.93%
6 TORRENT POWER LT 207.45 234.30 +12.92% T
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7 GUJRAT PIPAVAV 143.45 161.85 +12.83%
8 GRUH FINANCE 232.25 261.15 +12.83% G
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9 SUN PHARMA 277.45 311.70 +12.44%
10 APOLLO TYRES 132.35 147.60 +11.52% A
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11 UPL 392.10 436.90 +11.43%
12 INDIA CEMENT LTD 83.80 93.35 +11.40% I
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13 SKS MICROFINANCE 476.05 528.80 +11.08%
14 PIRAMAL ENTERPRI 895.65 994.60 +11.05% P
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15 RALLIS INDIA 149.55 165.95 +10.97%
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8. NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
RBI forecasts GDP growth of 7.6% for FY17 - RBI Governor Raghuram Rajan
Forecast GDP growth of 7.6% for FY17 and 7.4% with downward bias for FY16.For
2016-17, growth is expected to strengthen gradually, notwithstanding significant
headwinds. Expectations of a normal monsoon after two consecutive years of rainfall
deficiency, the large positive terms of trade gain, improving real incomes of households
and lower input costs of firms should contribute to strengthening the growth momentum.
Yet, still weak domestic private investment demand in a phase of balance sheet
adjustments, re-emergence of concerns relating to stalled projects, excess capacity in
industry, sluggish external demand conditions dampening export growth could act as
headwinds.
Hindustan Zinc plans to invest Rs. 8000 Crore - Hindustan Zinc is looking to expand its
all operations in a time-frame of 3-5 years, taking current ore production levels of 9.36
MTPA to 14.00 MTPA and finished metal production levels from 0.85 MTPA to 1.10
MTPA. As Hindustan Zinc, a Vedanta Group company in Zinc-Lead-Silver business
celebrates its Golden Jubilee, completing 50 years of its existence; the company is all set
for its next phase of expansion of its mining and smelting operations with an investment
of Rs.8000 crore.
We expect RBI to slice repo rate by 25 basis points after the Budget: CRISIL - As
expected, the Reserve Bank of India on Tuesday kept the repo rate unchanged at 6.75%
with the Union Budget on the anvil and while awaiting more data on the inflation
trajectory. Since its last policy-rate cut, some room for monetary easing has opened up as
global growth weakened leading to a sharp decline in crude oil and commodity prices
which supported lower inflation. But the RBI also wants to tame consumer price inflation
to 5% by March 2017 – or a clear percentage point lower than its March 2016 target. This
will be a tough Task if the Seventh Pay Commission recommendations are implemented
and the monsoon remains inadequate. A noninflationary.
China economic woes threaten WTI - WTI Oil plummeted over 6% during trading on
Monday with prices edging closer to $31 as tepid manufacturing data from China, the

9. world’s largest energy consumer, renewed fears that demand may be dwindling. These
anxieties added to the rapidly fading expectations around OPEC cooperating with Russia
to curb production, while ongoing concerns over the excessive oversupply of oil in the
markets continued to haunt investor attraction. Although there was some initial optimism
directed towards Russia’s willingness to slash production, Saudi Arabia remained defiant
on the idea of any cuts, while Iran had already pledged to pump up to 1.5M barrels a day
in a mission to reclaim its lost market share.
RBI continues to be "accomodative", to wait for data on inflation: Rajan - In line
with the market expectations, the Reserve Bank of India has kept the key policy rates
unchanged. The central bank said that it is keeping a keen eye on the Union Budget due
on 29th February, before taking any decision that would rattle the market participants.
The stance is akin to the policy statement from the Fifth Bi-monthly meet which
reiterated that the global growth continues to be weak.
FM: GST will become a reality soon - Finance Minister Arun Jaitley is expecting that
the opposition parties will “see reason” and the Goods and Services Tax, which is held up
in Rajya Sabha, will become a reality soon. “GST has been supported by most political
parties and I am sure others will also see reason and this law will become a reality very
soon,” Jaitley said. Jaitley added that the government is also working on streamlining the
direct taxation system. “We want to rationalise our direct tax system,” He said.
FDI spurts 114% to US$4.5bn in December - Foreign Direct Investment into the
country more than doubled to about US$4.5 billion in December 2015. “FDI inflow to
India recorded a whopping 114 per cent growth for December 2015 vs December 2014,”
the Commerce & Industry Ministry said. In December 2014, India had received US$ 2.16
billion. The major sectors that attracted FDI include computer software & hardware,
trading, services, automobile and telecommunications. India receives maximum FDI from
Singapore, Mauritius, the Netherlands and Japan. In 2014-15, FDI grew by 27 per cent to
US$30.93 billion as against US$24.29 billion in 2013-14."India is seen as one of the best
places to invest, when globally you have a 16 per cent fall in FDI. It is only in India we
are growing. FDI which is coming to India is growing at 38 per cent," Union Commerce
and Industry Minister Nirmala Sitharaman said on Thursday.

10. India has potential to grow much faster than current pace: Jaitley - Finance Minister
Arun Jaitley stated that India has the potential to grow much faster than the current pace.
India has displayed a great deal of resilience in challenging situations, Jaitley said. FM
said that it expects to pass bankruptcy law in the budget session.We are actively working
on our taxation system, added Jaitley.
Oil prices surge as USD falls...Russia open to meet OPEC - US traded crude oil
futures rallied on Wednesday, rising by 8%, after the US dollar declined and amid news
reports of Russia raising the prospect of a meeting with OPEC. Earlier, Nymex oil futures
had dipped in response to a steep advance in American crude inventories - their fourth
weekly increase in a row. March WTI crude gained US$2.40, or 8%, to settle at
US$32.28 per barrel on the New York Mercantile Exchange, recouping much of the more
than 11% drop it suffered in the previous two sessions.
India's exports may fall to $265-270 billion in FY16: FIEO - The country's exports
will range between $ 265-270 billion in 2015-16, sharply lower than the $310.5 billion
achieved in the previous fiscal, exporters' body FIEO said today. "According to our
assessment exports for the current fiscal will range between $265-270 billion. If this trend
continues it may lead to job losses," FIEO Director General Ajay Sahai said. Exports
contracted for 13th month in a row in December 2015 as outward shipments shrank 14.75
per cent to $22.2 billion amid a global demand slowdown. Sahai demanded that the
corpus of the exports development fund which currently stands at Rs 200 crore should be
enhanced to Rs 3,000-5,000 crore as it was inadequate. "The export development fund
which currently has a corpus of Rs 200 crore is inadequate and should be enhanced to 0.5
to 1 per cent of export value which is anywhere between Rs 3,000 to Rs 5,000 crore.
Commerce Ministry has supported this demand. We are now awaiting a response of
Finance Ministry. He said.
Jaitley woos sovereign funds to invest in infra, railways - Inviting foreign capital in
sectors like roads, railways and energy, Finance Minister Arun Jaitley today met
sovereign wealth funds from Singapore and the UAE and pitched a stable policy regime
and resilience of Indian economy amid a global slowdown. Opening the two-day India
Investment Summit 2016 here, the minister highlighted opportunities the country presents
to investors and sought investment in sectors like road, highways, oil&gas, urban
infrastructure and railways.

11. Growth in India's services activity at 19-month high in Jan: PMI - Activity in India's
services sector increased at its fastest pace in over a year and a half in January as demand
accelerated, allowing firms to build up a much bigger backlog of orders, a business
survey showed on Wednesday. The Nikkei/Markit Services Purchasing Managers' Index
rose to 54.3 in January from 53.6 in December, the seventh straight month above the 50-
level that distinguishes growth from contraction.
TOP ECONOMY NEWS
The combined output of eight crucial infrastructure sectors rose by a slight 0.9 percent in
December after contracting the month before.
Telecom regulator Trai has recommended a public private partnership model for rolling
out government’s ambitious project BharatNet — which involves setting up of a
broadband network in rural India.
India has signed two bilateral advance pricing agreements with the United Kingdom in
its efforts to provide certainty and stability in tax policies to foreign investors.
The target for infrastructure investment during the 12th Five-year Plan would fall short
of the target by 30% owing to slippages in Telecom, Electricity, Renewable Energy, Ports
and Railways, according to a financial newspaper.
The government banned duty-free import of capital goods for power generation and
transmission projects under the EPCG Scheme.
The Reserve Bank of India has asked banks to file forms related to foreign direct
investment only online on the e-Biz portal from February 8.
Moving ahead with its decision to open up the coal sector for commercial mining,
government has identified 15 blocks to be allotted to central and state PSUs for

12. undertaking production and sale of the dry fuel.
India approved the third phase of development projects being carrying out in
Afghanistan. These projects are part of the 92 small-scale programmes that India had
previously approved in an effort to strengthen bilateral strategic and commercial ties.
The Union Finance Minister, Arun Jaitley will Inaugurate the two-day India Investment
Summit 2016 on Thursday, 4th February, 2016. The Finance Minister will also unveil the
logo of National Infrastructure and Investment Fund on the occasion. A film on NIIF will
also be shown during the Inaugural Session.
At a time when central banks in most parts of the world are going to new lengths to ease
money and push growth, the ASSOCHAM expects the Reserve Bank of India to at least
take note of the fact for well over a year, the Wholesale Price Index for several industrial
products has remained in a deflationary mode, requiring an urgent infusion of life –saving
consumer demand.
RBI Governor Raghuram Rajan stated that India's economy lost momentum in Q3.The
December calm in global financial markets – suggesting that the normalisation of US
monetary policy was fully anticipated – was dispelled in January 2016 by fears of further
weakening of the Chinese economy and depreciation of Renminbi. Capital outflows from
China triggered sell-offs across AEs and EMEs, exacerbating currency declines and
heightening volatility
The Budget Session of Parliament will commence on February 23 that will focus largely
on the financial business of the government, which will present the General Budget on
February 29.
The minister for road transport, highways and shipping, Nitin Gadkari invited
suggestions from the auto industry to take ahead the scrappage policy, aimed at replacing
10-year-old vehicles with modern fuel efficient ones that conform to emission standards.
The Government has asked the pension regulator PFRDA to ensure that full range of
investment products including alternate investment funds are made available for Indians

13. saving for their retirement.
Prime Minister Narendra Modi is scheduled to inaugurate on Friday the Rs 100 billion
gas cracker project in Assam.
In keeping with the Narendra Modi-led NDA government's plan to reach out to people
directly, the government has launched a YouTube channel for Finance Ministry.
The Ministry of Petroleum and Natural Gas plans to extend financial partnerships to
startups engaged in the oil sector to give a boost to the 'Startup India' initiative.
The Minister of State for Finance, Jayant Sinha, stressed upon the priority to provide the
universal pension security including income security, health and life insurance to the
people at large. He said that he believed in the philosophy to empower Indians with tools
and knowledge to take ownership of their own retirement.
The Union Finance Minister Arun Jaitley said that we intend to continue to be one of the
fastest growing economies in the world. The Finance Minister said that India has a
potential to grow even faster than today’s pace. He said that we have yet to realise our
full potential for growth.
TOP CORPORATE NEWS -
Lupin pharmaceuticals Ltd. Inc launched metformin, its generic copy of diabetes drug
Glumetza, in the US market. A First-to-File product, the company will be priced 15-20%
lower and enjoy 180 days of marketing exclusivity by the US Food and Drug
Administration.
The proposed INR 5,000-crore deal by Birla Corporation Ltd. to acquire two cement
manufacturing units of Lafarge India Pvt. Ltd., along with two cement brands has been
called off.
Indian Oil Corporation, is hoping to build a strong upstream portfolio as the oil rout

14. turns assets cheaper while leaving traditional upstream companies such as Oil and Natural
Gas Corporation with depleting cash reserves.
Tata Motors said on Tuesday that it has decided to rename its soon-to-be-launched
hatchback Zicaas concern grows globally over the outbreak of the identical sounding
name Zika virus.
PC Jewellers said that the Reserve Bank of India has approved increase in investment
limit by foreign institutional investors/foreign portfolio investors.
Amid sluggish demand, Coal India is facing dilemma over the production and
finding it difficult to further stock the fuel, even as the PSU major is not keen to
rationalise prices and rather looks at methods to boost sales to keep weak
subsidiaries in profit.
Dr Reddy's Laboratories announced that the U.S. Food and Drug Administration
has approved its new drug application of ZEMBRACE injection, a drug-device
combination intended for the treatment of acute migraine.
Bharti Airtel decried the starting price of 4G airwaves in the coveted 700 MHz
band recommended by the telecom regulator, calling it way "too expensive and
unaffordable".
HDFC Bank launched a 10-second paperless instant loan plan for its existing
customers.
Emami Ltd. expects to clear its outstanding debt of Rs 8.5bn latest by 2017-18 and thus
reduce it to Rs 6 billion by the end of March this year.
The Competition Commission of India has approved Sun Life's acquisition of 23% more
stake in Birla Sun Life Insurance.
ITC Ltd. plans its first overseas hotel at Colombo, Sri Lanka, in 2018, adding that the Sri
Lankan property will be a super-premium one and it will be branded as “ITC”.

15. Life Insurance Corporation has invested INR 53,000 crore in the equity markets so far
in FY16, up 36 per cent over the amount invested in FY15, Chairman S.K. Roy said on
Monday.
Maruti Suzuki India Ltd. is working towards reducing the number of vehicular
platforms and shorten its product development cycle, reports a business daily.
Vedanta Ltd. is gearing up to ramp up capacity at its aluminium smelter SEZ at
Jharsuguda from the next fiscal.
Wipro Ventures, the $100mn venture capital arm of Wipro Ltd., has picked up a
minority stake in Pune-based big data startup Altizon Systems Pvt Ltd for Rs.97.8 mn as
part of a Series A funding round, a week after cross-town arch rival Infosys parked $4
million in US-based data startup Waterline Data Science.
Grasim Industries Ltd. will spend more than INR 4,000 crore on capacity expansion of
its various businesses - cement, chemicals and VSF - in the coming financial year.
Tata Motors launched Signa range of commercial vehicles for haulage and construction
segments.
Reliance Infra announced the signing of Share Purchase Agreement with Birla
Corporation, the flagship Company of the M P Birla Group in relation to 100% sale of its
subsidiary Reliance Cement Company Private Limited.
Maruti Suzuki India will launch its smart urban compact car Ignis and premium sports
hatchback Baleno RS around the festival season this year.
ONGC Ltd. has sent an urgent message to Petroleum Ministry, saying the natural gas
prices according to a formula approved by the BJP-led government was not viable to
develop its KG basin discoveries.
Zydus Wellness is trying to push its market leading brand Sugar Free beyond coffee cups
and tea sips. The company is keen that Indians adopt Sugar Free in their daily life, the

16. myths regarding sugar substitutes notwithstanding, said chief operating officer Tarun
Arora.
Godrej Consumer Ltd. has acquired a majority stake in Kenya-based Canon Chemicals.
Having already acquired other African companies in the last few years, the latest buy is a
continuation of the company’s strategy to expand into emerging markets which have
higher growth potential.
TOP BANKING AND FINANCIAL NEWS OF THE WEEK
The government's large cash balance with the Reserve Bank of India has led to
speculation about belt tightening to meet the fiscal deficit target and consequently
liquidity concerns.
HDFC Bank, which has emerged as the most valuable lender on the back of its strong
retail book, is now throwing its weight behind automated loan processing to consolidate
its position in the personal loans segment. The bank is now using its ATM network to
grab new customers, including those of other banks who happen to use the bank's ATMs.
Federal Bank has entered into tie-up arrangement with National Australia Bank for
facilitating online inward remittance to India at discounted rate, for its NRI customers
based in Australia.
Royal Bank of Scotland Group Plc, Britain’s largest government-owned lender, has
scrapped a sale process for its onshore Indian banking operations. The Edinburgh-based
lender “concluded that it is not feasible to sell the business in its entirety,” it said in an e-
mailed statement Wednesday. RBS will now consider other options, which may include
winding down the remaining Indian operations or selling individual parts of the business,
according to the statement.
Reserve Bank of India Governor Raghuram Rajan said the current level of cash reserve
ratio at 4 per cent is ideal and there is no need for any change in it.
Bandhan Bank, which started commercial operations in August last year, has so far
garnered deposits worth Rs 7,000 crore, a top official said today.

17. A clearer picture on the outcome of the ongoing discussions between the State Bank of
India and BNP Paribas Cardiff for hiking the overseas partner’s stake in the life
insurance joint venture is likely to emerge by end March this year, Arijit Basu, Managing
Director and CEO of SBI Life said.
There is a liquidity deficit in the banking system and the Reserve Bank needs to be more
proactive in managing this area of concern, the economic research wing of SBI said
today.

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