Have a look at where european equities are trading. Gaucher function, stocks are mixed down for third consecutive day, worst run in july. We got it today fed meeting we got a two we got a two fed meeting. Rising against the dollar. Euro, what a week it had last week finishing at its highest level since the beginning of 2015 on friday. Donna fifth of 1 today. Down the fifth of 1 . Lets talk about stock swings. This is the for frances president ial election, sending the number back to january levels. July pending to be calm for the region. They gauge of european stocks swinging, and declining in three of the last four years despite a rebound last week. Stocks from 11 lower. This is our fear index. Lets talk about earnings. Reporting 55 gain in firstquarter profit. Strong summer bookings, but did caution, this is why shares are down. The pricing will be very competitive through the remainder of the fiscal year. Overcapacity hurting shares. Theres have rose 1 in the quarter shares have ros
The Bank has received an observation letter with ‘no objection’ from the National Stock Exchange of India Limited and observation letter with ‘no adverse observations’ from BSE Limited
India Ratings also expects operating costs to sustain with ongoing investments in technology, and the banking system would continue to see lower slippages (gross slippage less upgrades and recoveries of 0.5%-0.6% and credit costs (1%-1.3%) that could give them the wherewithal to withstand near-term pressures. The asset quality metrics for public sector banks and private banks are converging and profitability is at about steady state.
“We plan to add another 675 this year in SURU locations that will take the total number of branches in these locations to over 5,000. Overall, the Bank plans to add 1,500 to 2,000 additional branches during the year,” he said.