Bank of America

Archegos fallout: How Bank of America was saved while Nomura, Goldman Sachs, Morgan Stanley others did not see it coming

Archegos fallout: How Bank of America was saved while Nomura, Goldman Sachs, Morgan Stanley others did not see it coming

While Goldman Sachs and Morgan Stanley very able to sell most of the stock related to Archegos' margin calls, avoiding losses. It was mai...Read More

Rural demand seen ebbing in 2021-22, but urban consumption to rise: Report

Rural demand seen ebbing in 2021-22, but urban consumption to rise: Report

Though rural demand outperformed in 2020, with the pandemic shock hurting urban India more, we see urban demand driving recovery in 2021,...Read More

Bank of America gives special pandemic bonus to 97% of its 1.7 lakh staff

Bank of America gives special pandemic bonus to 97% of its 1.7 lakh staff

Bank of America is rewarding its over 1.7 lakh staff worldwide, including over 24,000 in India, with a cash award of USD 750 each to thos...Read More

Forex intervention by RBI to touch USD 93 bn by March: Report

Forex intervention by RBI to touch USD 93 bn by March: Report

The report by the Wall Street brokerage Bank of America Securities also expects the central bank to raise banks' HTM (held-to-maturity) l...Read More

'GDP may clip at just 6 pc in FY22 if vaccine distribution is delayed'

'GDP may clip at just 6 pc in FY22 if vaccine distribution is delayed'

BofA Securities said it expects GDP growth at 9 per cent in 2021-22 if the vaccine distribution is done in the first half of the new fisc...Read More

India's GDP to contract by 3% in FY21: BofA

India's GDP to contract by 3% in FY21: BofA

BofA Securities also said the RBI will monetise the fiscal deficit through purchase of government bonds of up to USD 95 billion through o...Read More

Earnings of Sensex companies to decline up to 8 pc: Analyst

Earnings of Sensex companies to decline up to 8 pc: Analyst

Majority of the countries world over like Singapore and the US have given large fiscal stimulus packages which India is yet to announce, ...Read More

RBI may have to monetise around Rs 7 lakh cr of stimulus package: BofA

RBI may have to monetise around Rs 7 lakh cr of stimulus package: BofA

"Of the nearly 10 per cent of GDP worth stimulus, 7.3 percentage points of it can be funded through many means. But the balance 2.7 perce...Read More

FY21 fiscal deficit likely at 5.8%, growth to slip to 0.5%, says report

FY21 fiscal deficit likely at 5.8%, growth to slip to 0.5%, says report

In a report, analysts at Bank of America also revised down their GDP growth estimate to 0.5 per cent for the current fiscal year, as agai...Read More

PSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: Report

PSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: Report

The consolidated fiscal deficit target is likely to overrun by 2 percentage points due to stimulus spends, lower tax receipts and dip in ...Read More

Jio's bundled broadband plans may leave DTH firms vulnerable: Bank of America Merrill Lynch

Jio's bundled broadband plans may leave DTH firms vulnerable: Bank of America Merrill Lynch

Reliance Jio's bundled broadband services plans may leave DTH firms "most vulnerable", and work out to be "neutral to slight negative" fo...Read More

RBI reserves: Bimal Jalan panel may line up Rs 3 lakh crore for transfer

RBI reserves: Bimal Jalan panel may line up Rs 3 lakh crore for transfer

Mumbai: The Bimal Jalan committee on the appropriate capital reserves for the Reserve Bank is likely to identify an excess buffer of up t...Read More

Farm loan waivers to touch USD 40 billion by 2019 Lok Sabha elections: Report

Farm loan waivers to touch USD 40 billion by 2019 Lok Sabha elections: Report

New Delhi: Following Karnataka’s USD 5 billion write off, the nation’s farm loan waivers will double to USD 40 billion by the summer 2019...Read More

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Delaying adolescent pregnancy can add $400bn to India’s GDP

By delaying adolescent pregnancy, India could add an estimated 12 per cent to it’s GDP, stated a report ‘Collaborative Force: Empowering ...Read More

Inflation peaking off; RBI may cut rates by 25 bps in Aug: BofAML

Inflation peaking off; RBI may cut rates by 25 bps in Aug: BofAML

New Delhi: Inflation is peaking off and theReserve Bank of India is expected to cut rates by 25 bps inAugust if the monsoon is normal, sa...Read More

Big Bang : Review

Big Bang : Review

Title: CRASH, BANG,WALLOP: The Inside Story of London’s Big Bang and a Financial Revolution that Changed the World

Amazon to be No. 2 in Indian e-commerce market by 2019

Amazon to be No. 2 in Indian e-commerce market by 2019

New Delhi: Amazon is improving its foothold in India and the American e-commerce giant could be the second biggest player after Flipkart ...Read More

Seven banks to pay $324 mn  to settle rate rigging charges

Seven banks to pay $324 mn to settle rate rigging charges

The lenders, including Citigroup, Bank of America, Credit Suisse, JP Morgan, Barclays and Deutsche were suspected of agreeing among thems...Read More

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Trai call drop norms to hurt telcos earnings by 5%: BofA-ML

Mumbai : Terming the telecom watchdog’s policy to compensate users for call drops difficult to implement, Bank of America Merill Lynch to...Read More

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