Dr.Reddy's Lab Q3FY19E Result Expectation

The pharma major is expected to report flat revenue growth in the absence of any big product launch.

from India Infoline News Service http://bit.ly/2RWbDf8

SBI Q3FY19E Result Expectation

Asset quality is expected to improve during the quarter. GNPL ratio stood at 9.8% as of Q2FY19, with a 54% PCR.

from India Infoline News Service http://bit.ly/2Wwjb77

Short covering propels Nifty 179 points higher

Axis Bank hits fresh 52 week high.

from India Infoline News Service http://bit.ly/2BcGhq6

Scheduled Banks’ Statement of Position in India as on Friday, January 18, 2019

(Amount in Billions of ₹)   SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 19-Jan-18 04-JAN-2019 * 18-JAN-2019 * 19-Jan-18 04-JAN-2019 * 18-JAN-2019 * I LIABILITIES TO THE BKG.SYSTEM (A)               a) Demand & Time deposits from bks. 1467.54 1586.49 1588.68 1516.69 1628.81 1631.29 **   b) Borrowings from banks 760.39 717.13 831.11 765.42 722.08 834.24   c) Other demand & time liabilities 138.78 163.66 148.08 140.19 165.24 148.95 II LIABILITIES TO OTHERS (A)               a) Deposits (other than from banks) 109274.42 120337.58 119864.58 112247.61 123412.74 122943.95   i) Demand 11121.36 12338.69 12172.16 11397.18 12624.74 12456.18   ii) Time 98153.06 107998.79 107692.41 100850.42 110787.89 110487.76   b) Borrowings @ 3552.41 3669.64 3614.74 3594.79 3711.48 3661.13   c) Other demand & time liabilities 4792.33 4792.48 4902.52 4875.07 4880.22 4986.9 III BORROWINGS FROM R.B.I. (B) 526.27 1174.74 1049.95 526.27 1174.74 1049.95   Against usance bills and / or prom. Notes   0 0   0 0 IV CASH 628.29 674.73 685.98 644.99 691.19 702.87 V BALANCES WITH R.B.I. (B) 4523.22 4824.9 5016.46 4644.37 4945.85 5138.21 VI ASSETS WITH BANKING SYSTEM               a) Balances with other banks               i) In current accounts 132.7 132.73 159.23 155.23 152.37 180.85   ii) In other accounts 1677.89 2080.26 2036.53 1824.48 2266.17 2216.09   b) Money at call & short notice 301.26 240.45 323.89 468.76 381.15 467.8   c) Advances to banks (i.e. due from bks.) 269.94 315.98 324.83 273.02 322.5 331.98 £   d) Other assets 215.25 300.81 345.2 273.3 342.88 386.6 VII INVESTMENTS (At book value) 33635.86 33861.21 33622.75 34586.38 34791.9 34558.43   a) Central & State Govt. securities+ 33620.92 33828.73 33608.27 34522.76 34704 34489.67   b) Other approved securities 14.93 32.47 14.47 63.62 87.89 68.75 VIII BANK CREDIT (Excluding Inter Bank Advance) 81420.06 93374.5 93316.86 83934.86 96139.55 96094.97   a) Loans, cash credits & Overdrafts $ 79315.19 91128.71 91082.11 81770.89 93845.94 93813.37   b) Inland Bills purchased 182.24 206.53 208.74 203.27 220.02 222.24   c) Inland Bills discounted 1283.84 1423.62 1420.92 1315.01 1448.89 1445.65   d) Foreign Bills purchased 248.87 221.64 226.5 251.14 225.16 230.14   e) Foreign Bills discounted 389.93 393.96 378.64 394.55 399.5 383.61 NOTE * Provisional figures incorporated in respect of such banks as have not been able to submit final figures. (A) Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks. ** This excludes deposits of Co-operative Banks with Scheduled State Co-operative Banks. These are included under item II (a). @ Other than from Reserve Bank, National Bank for Agriculture and Rural Development and Export Import Bank of India. (B) The figures relating to Scheduled Commercial Banks' Borrowings in India from Reserve Bank and balances with Reserve Bank are those shown in the statement of affairs of the Reserve Bank. Borrowings against usance bills and/ or promissory notes are under Section 17(4)(c) of the Reserve Bank of India Act, 1934. Following a change in the accounting practise for LAF transactions with effect from July 11, 2014, as per the recommendations of Malegam Committee formed to review the Format of Balance Sheet and the Profit and Loss Account of the Bank, the transactions in case of Repo/ Term Repo/MSF are reflected under "Borrowings from RBI". £ This excludes advances granted by Scheduled State Co-operative Banks to Co-operative banks. These are included under item VIII (a). + Includes Treasury Bills, Treasury Deposits, Treasury Savings Certificates and postal obligations. $ Includes advances granted by Scheduled Commercial Banks and State Co-operative Banks to Public Food Procurement Agencies (viz. Food Corporation of India, State Government and their agencies under the Food consortium). Food Credit Outstanding as on (₹ in Billions) Date 19-Jan-18 4-Jan-19 18-Jan-19 Scheduled Commercial Banks 586.06 723.41 709.49 State Co-operative Banks 191.47 230.27 230.27 The expression 'Banking System' or 'Banks' means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934. No. of Scheduled Commercial Banks as on Current Fortnight: January 18, 2019: 148 Ajit Prasad Assistant Adviser Press Release : 2018-2019/1799

from PRESS RELEASES FROM RBI http://bit.ly/2sUBx44
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Liquidity Adjustment Facility: Fixed Rate Repo Operations

from PRESS RELEASES FROM RBI http://bit.ly/2MIhwqp
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Sensex zooms 665 points; Nifty ends above 10,800

On the BSE index, Axis Bank, Tata Motors, Infosys, Reliance Industries, Kotak Mahindra Bank and Bajaj Auto tracked major gains with their stocks surging as much as much as 4.64 per cent. On NSE, except for Nifty Media, all other sub-indices finished in green with Nifty Bank leading the pack by rising 1.75 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2CZ7jBu

Maharashtra extends compensation deadline to December 31 for onion farmers

Earlier, the government had announced compensation of Rs 200/quintal per farmer for those farmers who had sold their onion between November 1 to December 15, 2018

from Economy-News-Economic Times http://bit.ly/2TmQ18n
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European stocks extend rally as Fed vows patience

Besides, in Asia, Japanese, and Hong Kong shares led the region with Chinese stocks posting modest gains.

from India Infoline News Service http://bit.ly/2BbhMcU

Jindal Saw gains 6% as Arbitral Tribunal pronounces award in favor of company

The company will get an aggregate amount of various claims under the award, which add up to more than Rs2,000cr plus interest.

from India Infoline News Service http://bit.ly/2TnrmAL