Stringent legal action will be taken up if anyone is found acting as a medical staff of the hospital, JNIMS director professor Deben Singh Laishram said.
As competition for deposits intensifies in the months ahead, one research house has bucked the trend by downgrading its outlook on the banking sector. It believes that competition for deposits could intensify towards year-end although pressure on net interest margins (NIMs) and operating expenditure may abate.
"The price discovery will happen once this technical selling is over. I still strongly believe that it starts off the race in a very strong place with strong capital which is the number one requirement for any NBFC. So, which means I think over time, it will actually see a re-rating of the multiples which on a fair value basis is hardly about a couple of times book value where it should trade much higher given its NIMS will be much higher."
"The good thing to look forward to now for the banking sector is a revival in credit growth. Not just revival, actually credit growth will start posting hitherto never seen kind of growth. Probably the growth rate will be in excess of 15% or thereabout. Along with credit growth, one has to be a little careful because the banks have actually reached the bottom of the NPA cycle. "