TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : - Benchmark Index Nifty completed its weekly target of 8288 and made high of 8307. Nifty
showed profit booking on last day of the week and was down by 0.36% on last Friday. On Friday, Nifty Spot
opened at 8283 and made a high of 8306, achieving its target of 8288. Nifty then corrected for the day to make a
low of 8233 and finally closed at 8247.85. Nifty has risen by 173 points from a low of 8133 to 8306 in the month
of January. This rally was however not participated by the FIIs who have sold 1903 cr since January 2. The
Equity benchmark Nifty has opened in a flat note on Monday trading Session up by 16 points at 8259 level.
Major event eyed for the month of January is US President elect, Donald Trump's, joining the President's office is
due on 20th Jan. The global Indices have been showing strength on speculations around Trump's policies. The
Nifty Spot opened at 8259 and made a high of 8263 on Tuesday trading Session. Nifty then remained under
pressure for the day to make a low of 8228 and finally closed at 8236. Nifty Closed Almost Flat After Trading
Most Of The Days In Negative Tone; But Closed The Week More Than 2% Higher Amid Hopes Of Better Q3
Earnings & Poll Prospect Of BJP In UP Despite Demonetization Woes And Concerns Of FII/Capital Market
Taxation Issues on Friday trading Session. As of now The Significance levels of Nifty is 8460-8520 is up side
side and 8360-8290 is Down side.

BANK NIFTY : - Bank Nifty rallied 3.50% this week made high of 18966 and closed at 18912. All three high
weighted banks SBI , HDFC Bank and ICICI bank rallied 2.03%, 3.25% and 3.83% respectively. Bank Nifty is
the major mover of Indian Stock Market and would breach levels of 19900 soon. Bank Nifty would outperform
other sectors and traders should continue to hold long positions in Bank Nifty. Bank Nifty needs to breach levels
of 19500 on closing basis for the next bull run. Bank Nifty has also see a doji pattern on Friday trading Session
that is a sign of reversal. So If Bank Nifty breaches levels of 18800 on the downside than we would see some
downtrend for next week trading Session. Banking sector in terms of profits though Current account and Saving
account targets were met and huge deposits were seen but loan disbursement was not in that ratio that adds
profitability to the banks. But next quarter is expected to reap the benefits. Overall, trade is to buy at dips for now.
Technically, Banking sector is in positive momentum and if closed above 19200 levels, it can see levels of
19500-19800 in upcoming days. The support for Bank Nifty is at 18734-18610-18533 and the resistance to the up
move is at 19110-19376-19440 levels for next trading Week.

Monday, 16 January 2017

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY
DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

8513

8435

8396

8357

8279

R2

R1

PP

S1

S2

8514

8436

8397

8358

8280

R2

R1

PP

S1

S2

9273

8643

8328

8013

7383

R2

R1

PP

S1

S2

19337

19079

18950

18821

18563

R2

R1

PP

S1

S2

19323

19065

18936

18807

18549

R2

R1

PP

S1

S2

22095

19769

18606

17443

15117

BANK NIFTY
DAILY

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8436

9013

9138

8756

BANK NIFTY

20433

19079

18226

17764

WEEKLY

MONTHLY

PARABOLIC SAR

DAILY

NIFTY

8027

8256

8562

BANK NIFTY

20176

20379

20516

PATTERN FORMATION ( NIFTY )

Detail of Chart - On the Above given Chart of Nifty We can see that Nifty index has been trading in
the Range of 8200-8420 Range in Whole Week. . We also see that the index is building a Kind of
Doji Pattern. The Doji Pattern had made in the levels of 8380 after which it created a high of 8480. If
technical analysis is followed, Nifty should complete the Rally till and touch the levels which is
around 8490. The Bollinger Band is Also giving Signal that if it Sustain the Level of 8400 could lead
the Nifty toward the 8490 level. The crucial levels for Nifty is 8380-8350 is down side and
8420-8450 is Up side.

PATTERN FORMATION ( BANK NIFTY )

Detail of Chart -On the Above given daily Chart of BANK NIFTY has Applied the Bollinger Band
along with MACD. Both are the Indicators trading in Positive Territory and it is clearly visible is
banking Index is able to Sustain the level of 189800 can lead the index toward the 19250 in near
term. From this level we are Expecting the If Bank Nifty is able to Sustain the Level of 18950 may go
Further Up side to the level of 19120-19280 Level for Next week or sustaining below 18900 zone,
Bank Nifty may further fall towards 18700-18550 & 18200-18120 area for next week trading
Session. The Significance levels for BANK NIFTY is 18998-18680 Down side and 19254-19425 is
Up Side.

NSE EQUITY DAILY LEVELS

COMPANY NAME

R2

R1

PP

S1

ACC
ADANI PORTS

EQ
EQ

1358
302

1352
298

1348
289

1336
284

13286
278

AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BPCL
BHEL
BHARTIARTL
BOSCH LTD
BHARTI INFRATEL
CIPLA
COALINDIA
CAIRN INDIA LTD
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
IDEA CELLULAR
KOTAKBANK
LT
M&M
MRF
MARUTI SUZUKI
ONGC
NTPC
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SBIN
SSLT( VEDL)
SUNPHARMA
TATA MOTORSDVR
TCS
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK
YES BANK LIMITED
ZEEL

EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ

218
950
487
2720
160
692
130
338
21417
368
601
323
268
3032
458
880
858
1258
1232
3077
188
860
276
256
1236
972
72
729
1458
1233
54546
5748
202
176
33
457
1099
515
46
257
244
659
330
2293
528
80
468
142
1373
490

216
944
482
2708
158
686
129
330
21252
356
594
319
266
2998
453
878
848
1247
1224
3054
172
848
272
252
1228
967
70
728
1449
1226
53937
5709
200
174
32
454
1089
510
45
255
243
653
327
2276
526
79
462
139
1349
486

214
935
475
2698
156
672
127
325
21136
354
586
314
264
2978
451
865
840
1234
1204
3041
168
836
268
246
1220
959
68
725
1440
1218
53248
5684
200
172
31
450
1082
506
44
253
239
649
325
2252
521
79
453
138
1325
482

212
929
470
2688
154
660
126
318
20971
352
579
310
262
2965
446
852
832
1221
1198
3018
162
828
264
242
1208
957
66
724
1431
1211
52639
5646
198
170
30
447
1072
501
44
251
238
643
322
2235
519
78
447
135
1314
478

208
920
463
2664
152
656
125
314
20855
348
571
305
260
2940
444
847
818
1217
1188
3005
156
816
260
238
1200
946
64
721
1422
1203
51950
5622
198
168
29
278
208
920
463
2664
152
656
125
314
20855
348
571
305
260
2940

TOP 15 ACHIEVERS

//

TOP 15 LOOSERS
SR.NO

SCRIPT NAME

PREV
CLOSE

CMP

% CHANGE

+9.72

OIL INDIA LTD

478.25

343.30

-28.22

457.90

+8.51

SE POWER

22.60

18.15

-19.69

186.55

198.65

+6.49

UJAAS ENERGY

48.35

44.20

-8.58

MPHASIS LTD.

1256.25

1326

+5.56

RCOM

33.10

31.15

-5.89

KRBL LIMITED

284.70

300.50

+5.55

IDEA

74.10

70

-5.53

P C JEWWELLER

452.75

477.05

+5.37

RPG LIFE SCIENC

521.25

493.55

-5.31

MIND TREE LTD.

163.05

171.75

+5.37

TEXMO PIPES

23.35

22.15

-5.14

FORTIS HEALTH

1159.25

1220

+5.24

GE POWER

551.80

525

-4.86

BIOCON

300

314.95

+4.98

BERGER PAINTS

225.55

215

-4.68

10

EID PARRY

1380.65

10

JUBILANT LIFE

696.50

665.05

-4.52

11

TVS MOTOR LTD.

500.15

522

+4.37

11

CADILA HELTH

361.60

348.10

-3.73

12

TCS

465.10

484.55

+4.18

12

CENTURY TEXTIL

838.05

807.40

-3.66

L & T INFOTECH

1195.20

1239.10

+3.67

13

JUST DIAL

386.30

373.20

-3.39

AXIS BANK LTD.

76.40

79.10

14

SE INVETMENT

196.10

190

-3.11

RELIANCE

152.80

157.90

3060.20

2972.90

-2.85

SR.NO

SCRIPT NAME

PREV
CLOSE

CMP

% CHANGE

SWAN ENERGY

158

173.35

MASTEK LTD.

422

RAMCO SYSTEM

13
14
15

1443.10 +4.52

+3.53
+3.35

15

DR REDDY LABS

NEXT WEEK STARS( AS PER TECHNICAL ANALYSIS )

NSE FUTURE
NSE FUTURE : SELL TCS FUTURE BELOW 2250 TGT 2150 SL 2300
NSE FUTURE : BUY AXISBANK FUTURE ABOVE 470 TGT 480 SL 465
NSE FUTURE : SELL MRF FUTURE BELOW 52900 TGT 51900 SL 53400

NSE CASH
NSE CASH : BUY OUDHSUG NSE CASH ABOVE 140 TGT 151 SL 136.
NSE CASH : BUY INDIAGLYCO NSE CASH ABOVE 169 TGT 183 SL 163..
NSE CASH : BUY RUSHIL NSE CASH ABOVE 671 TGT 721 SL 651.

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

International rating agency Moody's has maintained positive outlook on India and
said beyond the short-term negative impact on growth, demonetisation has the potential to raise
government revenues and provide some fiscal space to support growth if required. "We maintained a
positive outlook on Indias (Baa3 positive) rating in November 2016 based on our expectation that
economic and institutional reforms will support continued robust growth," the agency said in its latest
report on Asia Pacific. It said measures including relaxation of foreign investment restrictions, passage
of the Goods and Services Tax, and advancement of a workable bankruptcy code have potential to
stimulate private sector investment, which could lead to stable, balanced growth and gradually lower the
government debt burden.

Citigroup lowers India's growth forecast to 6.8 per cent for 2016-17 - Global
brokerage Citigroup has lowered India's growth forecast to 6.8 per cent for this fiscal from 7.2 per
cent earlier, as cash crunch has affected pick-up in consumption while uncertainty around
demonetisation may further delay any recovery in private investments. "Almost two months after the
demonetisation decision was announced, there are early indications of the negative shock to growth,"
Citigroup said in a research note. It further said that the pick-up in consumption growth (both rural and
urban), which was likely in the last two quarters of 2016-17, has not materialised because of cash
crunch. Moreover, investment growth was very sluggish even in the second quarter and the uncertainty
around demonetisation could further delay any recovery in private investment. "This could drag down
2016-17 GDP growth to 6.8 per cent, versus our previous forecast of 7.2 per cent," Citigroup said.

HSBC Pegs GDP growth at 6.3% on note ban pains - Foreign brokerage HSBC today
projected sharply lower growth numbers for the year at 6.3 per cent, way lower than the official CSO
estimate of 7.1 per cent for 2016-17. The Central Statistical Organisation had over the weekend released
GDP estimates wherein it had pegged growth at 7.1 per cent for 2016-17, lower than 7.6 per cent in the
previous fiscal year. The CSO said it did not calculate the impact of the note ban on economic growth.
The HSBC report, penned by its chief India economist Pranjul Bhandari noted that the GDP projection
"is not of much significance because the CSO has used inputs used for until September/October, which
is well before the November 8 demonetisation". This is surprising, said the report, as "CSO had access
to some post-demonetisation data for banking, it chose to stick to data till October. As such the CSO
estimate does not carry the full extent of the drag to activity inflicted by demonetisation". As per the
report, taking into account cash elasticity of GDP, economy is likely to grow at 6.3 per cent in 2016-17

Global growth edges up to 2.7% despite weak investment: World Bank - Global

economic growth is forecast to accelerate moderately to 2.7 % in 2017 after a post-crisis low last year as
obstacles to activity recede among emerging market and developing economy commodity exporters,
while domestic demand remains solid among emerging and developing commodity importers, the World
Bank said. Growth in advanced economies is expected to edge up to 1.8% in 2017, the World Banks
January 2017 Global Economic Prospects report said. Fiscal stimulus in major economiesparticularly
in the United Statescould generate faster domestic and global growth than projected, although rising
trade protection could have adverse effects. Growth in emerging market and developing economies as a
whole should pick up to 4.2% this year from 3.4% in the year just ended amid modestly rising
commodity prices. Nevertheless, the outlook is clouded by uncertainty about policy direction in major
economies. A protracted period of uncertainty could prolong the slow growth in investment that is
holding back low, middle, and high income countries. After years of disappointing global growth, we
are encouraged to see stronger economic prospects on the horizon, World Bank Group President Jim
Yong Kim said

India may leave tax treaty with Netherlands unchanged - India is unlikely to amend its tax
treaty with the Netherlands as it did with Mauritius, Singapore and Cyprus and this could shape the
investment strategy of foreign portfolio investors and private equity funds investing in India, said three
people in the know. There were talks to amend the tax treaty between India and Netherlands for last
two years. Recently, we were told that as the Netherlands is not used for tax planning, The current treaty
can prevail, one of the persons said. Senior officials from Netherlands also confirmed the development.
The officials were talking on the sidelines of Vibrant Gujarat, the annual investment jamboree of the
state government. FPIs will see their returns from India getting impacted as a result of the amended
Singapore, Mauritius and Cyprus tax treaties, and are already looking to shift their base to European
jurisdictions like France, Spain and the Netherlands. Industry trackers say status quo ante in the India
Netherlands treaty could mean many FPIs could prefer the Dutch route. Dutch officials insisted that
investors rooting their investment through the country are not doing it as a tax planning exercise. There
is a 25% tax on book profit and on interest, said an official

RBI seeks to make India Inc's foreign debt cheaper - The Reserve Bank of India has
suggested a uniform rate of withholding tax for overseas borrowings, irrespective of type and currency.
If the government agrees, this could lower the cost of overseas borrowing for Indian companies.
Simplifying the levy will improve the ability of Indian companies to raise money, given that funds are
expected to flow back to the US as interest rates rise there, experts said. Interest paid to a non-resident
on foreign currency borrowing or debt is currently subject to 5-20% withholding tax, with the standard
rate being 10%. The 5% rate is applied to some priority sectors such as infrastructure. It is for the
government to decide on a uniform rate, whether it is to be at 5% or 20%. This is still being discussed,
said an official aware of the deliberations. The government provides exemptions on money raised
through an infrastructure debt fund or loans raised through long-term bonds. In case of loans, a 5%
withholding tax is applicable if it has been approved by the central government and the money is

borrowed between July 2012 and June 2017.

Private Equity firms attend meet with Finance Minister on FDIs - Concerned over
dipping foreign direct investments , the finance ministry has invited a group of private equity
investors to discuss ways to achieve higher growth, greater foreign inflows and a targeted growth in
employment and infrastructure. Led by global PE fund KKRs India head Sanjay Nayar, the
meeting was also attended by Carlyles India head Devinjit Singh, Multiples PEs Renuka Ramnath,
Sandeep Singhal of Nexus and Madhav Dhar of GTI Capital. Setting up a higher growth agenda
and finding ways for private equity to play a role in it was discussed at the meeting. It was a very
positive move from the government as it did not involve the usual pre-budget tax sops discussions,
said an executive present at the meeting.

TOP ECONOMY NEWS

The Indian economy is expected to grow 7.1% in 2016-17, the Central Statistics Office said.
Tax anti-avoidance rule GAAR will kick in from April 1, 2017.
Foreign investors pulled out more than US$ 3 billion of the so-called 'hot money' from the Indian
capital markets in 2016, making it the worst period in last eight years in terms of foreign
investments.

Income Tax Department has been asked to scrutinise details and send notices to depositors of Rs
3-4 trillion on which tax could have been evaded.

The government plans to launch a second tranche of the CPSE ETF to raise as much as Rs 60
billion as a part of the 2016-17 disinvestment programme. The first tranche of the CPSE ETF was
launched during 2013-14 to raise Rs. 30 billion.

India's

telecom subscriber base crossed the 1.1 billion mark in October, registering highest

customer addition of around 29 million in a month, driven by Reliance Jio.

The World Bank decelerated Indias growth for 2016-17 fiscal to a still robust 7% from its
previous estimate of 7.6% due to demonetisation, but asserted that the country would regain

momentum in the following years with 7.6% and 7.8% growth.

Finance Minister reiterated that the Centre is still aiming to roll out the Goods and Services Tax
regime from April 1 if all pending issues are sorted out.

Merchandise exports grew 5.72% year-on-year to USD 23.88 billion last month, while imports
rose 0.46% year-on-year to USD 34.25 billion.

India's trade deficit narrowed to USD 10.37 billion in December from provisional USD 13 billion a
month ago.

The Securities and Exchange Board of India announced reduction of 25% in the fee payable by
brokers and also decided to amend regulations to enable the market participants to make payments
to the regulator through digital mode.

Indias foreign exchange reserves declined by USD1.142 billion in the week ended January 7 to
USD359.2bn. In the preceding week, the reserves had increased by USD 625.5 million.

The government is considering a proposal to increase foreign direct investment limit in print
media sector to 49% from 26% at present.

India has imposed anti-dumping duties on colour-coated or pre-painted flat products of alloy or
non-alloy steel imported into the country.

TOP CORPORATE NEWS SpiceJet is expected to order at least 92 Boeing Co 737 jetliners, as it looks to bolster its presence
in the world's fastest growing aerospace market.
Suzlon Group has announced its maiden order win of 105 MW wind power project from
Hyderabad-based Axis Energy Group.
Following the approval from the USFDA for its generic version of Bendamustine Hydrochloride

powder for injection, 25mg/vial and 100mg/vial (singe-dose vial), Natco Pharma will launch the
drug on November 1, 2019 or earlier in the US market.
Piramal Enterprises has received board approval to enter into the housing finance market.
BEML announced the Ministry of Defence, had communicated 'in-principle' approval of the
Cabinet Committee on Economic Affairs for strategic disinvestment of 26% equity shares in BEML
out of Government of India's shareholding of 54.03%. The said shareholding would be sold to the
strategic buyer(s) to be identified by the Government of India by following due procedure.
Aurobindo Pharma announced the acquisition of Generis Farmacutica, which operates in
Portugal, from Magnum Capital Partners for an all-cash deal of EUR 135 million Rs. 9.69 billion.

PVR Limited has informed Bombay Stock Exchange and the National Stock Exchange of India that
the Delhi High Court has approved merger of two of its subsidiary companies with it, effective from
April 1, 2015.
Pokarna Limited has announced Pokarna Engineered Stone Ltd, its wholly-owned subsidiary, has
partnered Swedish home furnishing products retailer IKEA in India, to serve as its exclusive quartz
surfaces supplier and installation partner.
Jaiprakash Power Ventures has sought its shareholders' nod, through postal and electronic ballot,
to convert part of its outstanding debt of Rs30.58bn into 3.06bn equity shares.
Divis Laboratories has filed a detailed response within the permitted time to the observations made
by the US health regulator after inspection of the drug firms manufacturing plant at Visakhapatnam
in Andhra Pradesh.
Oil and Natural Gas Corporation Limited is close to finalising ways to complete its USD 800
million projects stuck midway after the contractor, Singapores Swiber Holdings Limited, collapsed
last year following an oil slump.
A set of critical observations issued by Portuguese drug regulator on Granules India Limited
Gagillapur unit near Hyderabad that manufactures pharmaceutical formulation intermediates and
finished dosages.
Aurobindo Pharma has received final approval from the US health regulator for its Levetiracetam

in Sodium Chloride injection used for the treatment of seizures with epilepsy.
The Centre is seeking a higher dividend on the back of Indian Oil Corporation, HPCL and BPCL
reporting much higher profits in the first half of this fiscal, as well as improved earnings per share.
The government has clarified that the consumers will not bear any extra burden on their auto fuel
bills.
Gujarat State Petroleum Corporation will buy entire output at a predetermined price from the KG
Basin gas field that it has agreed to sell to Oil and Natural Gas Corp for $ 1 billion, a key provision
that addressed gas pricing concerns of Indias largest crude producer and helped seal the deal.
JSW Cement is close to buying out the entire promoters' stake, including that of ACC Limited
which owns 12.65 % equity in the Shiva Cement.
BHEL has bagged a Rs. 960 million order from Power Grid Corporation of India for augmentation
of three extra high voltage sub-stations on a turnkey basis in Karnataka.
ABB India Limited won a $ 640 million contract for a 1,830-km (1,137-mile) power link in India to
connect thermal and wind power plants with the country's growing urban areas.
JSW Energy Limited awaited long-term power purchase agreement with the Karnataka government
has fallen through, forcing the company to look for short-term options.
US health regulator issued zero 483 observations for the Hikals facility located at Bangalore.
New York Life International Holdings , a subsidiary of New York Life Insurance, will pick a 22.5%
stake in Max Ventures and Industries for a consideration of Rs. 1.21billion.
Welspun Group said it would invest Rs. 40 billion on three large textile projects in Gujarat.
BISPL, an indirect subsidiary of BPCL, plans to raise USD 600 million long term funds from the
international debt capital market.
The Suzlon Group has announced it has bagged 226.8 MW order from a leading independent power
producer to be installed in Andhra Pradesh.
Lupin Limited has received final approval from the US health regulator to market its

Desoximetasone cream, used for treatment of skin disease, in the American market.
MRF Limited said it will invest around Rs. 45 billion in a phased manner over a period of ten years
to set up a manufacturing unit in Gujarat.
Royal Orchid Hotels has acquired Amartara Hospitality by buying additional 24.9% stake in it.
Biocon Limited and its US partner Mylan said the US Food and Drug Administration has accepted
the biologics licence application for its biosimilar drug to treat breast cancers. An FDA would help
the drug enter the lucrative US market.
IL&FS Transportation Networks in a joint venture with PJSC Kyivmetrobud has bagged the Rs.
3.71 billion Chennai Metro Rail Ltd contract for design validation and construction of underground
stations.
NTPC board has approved an investment of Rs10.53bn for Dulanga coal mining project with rated
production of 7mtpa.
The Delhi High Court directed Cairn India Limited to commence arbitration on an ongoing dispute
with Videocon Industries Limited, Oil and Natural Gas Corporation and Ravva Oil, regarding the
refund of payments made by Cairn on behalf of Videocon for the operation of the Ravva oilfield in
the Krishna Godavari basin, within two weeks.

TOP BANKING AND FINANCIAL NEWS OF THE WEEK

Private sector banks, including multinationals, are seeking to prevent wrongdoing by employees
and keeping them under scrutiny after multiple reports of alleged fraud by employees following the
November 8 demonetisation announcement that cancelled Rs. 500 and Rs. 1,000 notes.
Public sector lender Allahabad Bank slashed its benchmark lending rate by 0.85 per cent in line
with market competition. The bank has reduced marginal cost of funds based lending rate by 0.85
per cent to 8.60 per cent for 1 year tenor, Allahabad Bank said in a statement.
Private sector Axis Bank Limited became the third lender in the country to announce usage of
block chain solutions for its operations, after its peers ICICI Bank and Yes Bank.
Profits of Indian banks will continue to be hit by deteriorating asset quality in the next couple of

years resulting in depressed return on equity, a report by global credit rating agency Moodys
together with its Indian affiliate ICRA said on Monday. Though the pace of asset quality
deterioration will slow, it will still remain a key challenge for banks in the next 18 months, Moodys
and ICRA said.
Banking sector asset growth has slowed down in the past few years as bankers have turned cautious
on asset quality concerns. But among various bank groups, private sector banks have managed to
earn better returns on assets and equity compared to their public sector peers. private sector banks
have been more successful in raising low-cost funds, that is demand deposits in their current and
savings accounts, or CASA. Private banks CASA has gone up by close to 20 per cent in the last
two years, while that of public sector banks rose by less than 10 per cent. Besides, they have been
more successful in deploying the funds in more profitable lending activities.
The public sector banks will by March 2019 need equity worth Rs 1.7 lakh crore, which can turn
out to be higher on an increased credit growth, a recent Assocham-Crisil joint study has revealed.
"The public sector banks need equity of Rs 1.7 lakh crore by March 2019, which is a tall order
considering that banks have so far contributed to nearly half of the debt funding needed in the
infrastructure space," noted the study.
State Bank of India will take the lead among state-run lenders to launch branch less banking. The
latest launch from the lender - SBI Digi Bank will have a financial superstore, a market place and
end to end digitisation for all products and services.

LEGAL DISCLAIMER
This Document has been prepared by Ways2Capital (A Division of High Brow Market Research
Investment Advisor Pvt Ltd). The information, analysis and estimates contained herein are based on
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