Bank Stocks Outlook For The Week - 14 To 18.01.2019

Bank Stocks Outlook For The Week - 14 To 18.01.2019

             Equity Cash/Futures/Options Segment 

Stock specific activity is expected next week with banks like DC B Bank, AU Small Finance Bank, Federal Bank, and Dhanlaxmi Bank scheduled to announce their earning s. Details on asset quality trend for banks will be keenly watched for in the quarterly earnings. Earlier this week, the Reserve Bank of India rejected pleas by banks, which are seeking special dispensation on treatment of debt to beleaguered Infrastructure Leasing & Financial Services and its group entities for Oct-Dec earnings.
The central bank's move is expected to have a bearing on the Oct-Dec earnings of lenders. YES Bank will remain in focus for any updates regarding selection of new managing director and chief executive officer of the bank. YES Bank Thursday submitted an application to the RBI seeking approval for the appointment of the new chief of the bank. Market participants will also track developments on the legal battle between Kotak Mahindra Bank and the RBI. The Bombay High Court will on Thursday hear a writ petition filed by the Uday Kotak-promoted private bank to validate its position that issuance of perpetual n on-convertible preference shares led to dilution of promoter stake. In August, the RBI had denied it stating that the issuance does not meet their requirements of promoter stake dilution.

Source : Cogencis Information Services Ltd.

              Free Stock Options :Register To Get 2 days Trial Tips
 Free Intraday Tips : Join Our Whatsapp No : 9841986753
  Free Commodity Tips : Join our Whatsapp No : 9094047040