"Most of the analysts underestimated the impact on margins of the entire merger process with HDFC. Many people were betting on some relaxations from the RBI which did not come. There are SLR, CRR requirements at a time when liquidity is actually tightening and HDFC Bank has a huge market share in the CASA deposits already. So, for them to increase it further is tough."
Bata India has clarified that it "continues to explore opportunities for strategic collaborations and tie-ups". This comes after media reports that Bata is in talks with Adidas over a potential strategic partnership for the Indian market. Bata India s shares on Thursday closed 5.3% higher at Rs 1,733.75 apiece in a downcast Mumbai trading as BSE Sensex had plunged 388 points.