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Saturday, September 21, 2019

Banks earnings to rise up to 12 per cent after tax cut

Rajiv Mehta, lead analyst-institutional equities, Yes Securities, said that the direct benefit of the massive tax cut would be to the extent of around 15% on earnings, 2.5-5% on book value and 30-80 basis points (bps) on the capital position for most banks and non-banking financial companies (NBFCs).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LJ4B93
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Banks earnings to rise up to 12 per cent after tax cut

Rajiv Mehta, lead analyst-institutional equities, Yes Securities, said that the direct benefit of the massive tax cut would be to the extent of around 15% on earnings, 2.5-5% on book value and 30-80 basis points (bps) on the capital position for most banks and non-banking financial companies (NBFCs).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LJ4B93
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Tax break-dance: In its 2nd biggest rise ever, sensex rockets 1,921 pts

Markets roared back to life on Friday, with the Sensex posting its biggest single-day jump in over a decade at 1,921 points. In the process, ​investors' wealth soared by a staggering Rs 7.1 lakh crore, after finance minister announced a cut in corporate tax rates​​. ​Among the sensex stocks, HDFC Bank, up 9.1%, was the biggest contributor to the index’s gain.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/31PD7Ep
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Friday, September 20, 2019

Alison Rose set to become first female chief of RBS

To replace Ross McEwan on November 1

from Business Line - Money & Banking https://ift.tt/2AwHDLN
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RBI asks banks to cover risk sensitive areas under concurrent audit

 The Reserve Bank of India (RBI) has asked banks to cover risk sensitive areas identified by them as per their specific business models under concurre

from Business Line - Money & Banking https://ift.tt/2Npn4cH
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