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Axis Bank | HDFC Life: HDFC Bank, Axis Bank and HDFC Life top picks for next 12-18 months: Avneesh Sukhija


What is your view on the second wave restrictions and lockdown impact on asset quality of lenders across the country?
From a sector perspective, we are quite bullish long-term. The banks’ balance sheets are probably in the best shape in the last two or three years; there’s no pressure on the margins. From 12-18-months’ perspective, it seems credit offtake will reach mid teens. For a long term structural story of India, premiumisation and penetration are the two themes and we believe financials is the best way to play it.
Having said that, in the near term with respect to the second wave, if we try to quantify on loan growth, we are probably looking at one quarter credit offtake going away with minimal impact on margins. From an asset quality perspective, even if things worsen, we expect the RBI and the central government to introduce measures this year like they had done last year. We do not really expect the bottom line to be a hit. In terms of earnings, purely bas ....

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Australian chain Big W launches a VERY on-trend pastel blue vintage-inspired bike


Big W is selling a range of vintage-inspired bicycles strapped with baskets from just $199 - and they are remarkably similar to styles costing more than three times the price.
The Repco pastel blue bike is perfect for anyone who wants to cruise , whether it be the city, along the beach and park or just adventuring.
The traveller commuter bike features an alloy comfort frame, six-speed with shift gear change, sprung saddle seat, a rattan-look basket and a rack at the rear to hold bags and anything you may need on your daily commute.
Big W is selling a range of vintage-inspired pastel blue bicycles strapped with baskets from just $199 - and they are remarkably similar to styles costing more than three times the price ....

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Genuine Parts Co (GPC) Q1 2021 Earnings Call Transcript


Operator
Good day, ladies and gentlemen. Welcome to the Genuine Parts Company First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] And also, today s call is being recorded.
At this time, I would like to turn the conference over to Sid Jones, Senior Vice President, Investor Relations. Please go ahead, sir.
Sidney G. Jones
Senior Vice President-Investor Relations
Good morning and thank you for joining us today for the Genuine Parts Company First Quarter 2021 Earnings Conference Call. With me today are Paul Donahue, our Chairman and Chief Executive Officer; Will Stengel, our President; and Carol Yancey, our Executive Vice President and Chief Financial Officer. ....

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Banking Central | Who will win universal bank licences in this round?


Banking Central | Who will win universal bank licences in this round?
Moneycontrol
1 hour ago
© Dinesh Unnikrishnan
Banking Central | Who will win universal bank licences in this round?
A government-owned co-operative bank, a non-banking finance company (NBFC) backed by an internet entrepreneur, a veteran foreign banker and a company engaged in remittance services are among those who have sent in their applications to the Reserve Bank of India for on-tap universal bank licences.
Two names that stand out in the mix are internet billionaire Sachin Bansal and former Citi banker Pankaj Vaish. Bansal’s Chaitanya Fin Credit has been trying for a full-services banking permit for a while. If it gets the nod, Chaitanya will be only the second Indian microlender morphing into a bank. The other is Chandra Shekhar Ghosh s Bandhan Bank, which got the go-ahead in 2013-2014. ....

Andhra Pradesh , Sri Lanka , Tamil Nadu , Shyamala Gopinath , Pankaj Vaish , Aditya Birla , Bajaj Finserv , Sachin Bansal , Indusind Bank Ltd , Axis Bank Ltd , Chandra Shekhar Ghosh Bandhan Bank , Bank Ltd , Times Bank , Kotak Mahindra Bank Ltd , Development Credit Bank , Global Trust Bank Ltd , Repatriates Cooperative , Development Bank Limited , Development Credit Bank Ltd , Financial Services Ltd , Centurion Bank Ltd , Banking Central , Dinesh Unnikrishnan Banking Central , Reserve Bank , Chaitanya Fin Credit , Chandra Shekhar Ghosh ,

New banking licenses, Remdesivir production, and World Bank's advice: Three things Teji Mandi investors should know on April 19, 2021


New Names in Fray for Banking License
The RBI has received four major applications for ‘on-tap’ universal bank licenses. Sachin Bansal, co-founder of Flipkart, and Pankaj Vaish, a veteran Citibanker, are among them. The other two are REPCO Bank and UAE Exchange and Financial Services Ltd.
Sachin Bansal’s Chaitanya Fin Credit has been trying for a full-services banking permit for a while. It is a microfinance institute with a unique position to tap the unbanked section of society. While Pankaj Vaish has vast banking experience which makes him suitable to head a bank.
Among the other two, REPCO s strategy to apply for a banking license doesn t appear to be clear. UAE Exchange and Financial Services could struggle to find favour if RBI chooses to promote a homegrown entity. ....

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