The economic slowdown is likely to weigh on the credit offtake of the banking system, but brokerage firm BNP Paribas says in India the sector will recover, thanks to lower cost of funds, cost efficiencies and lower tax.The brokerage said higher operational efficiency driven by digital initiatives and lower workforce requirements will ensure that the cost to income ratio maintains its downward trajectory."We believe a lower cost of funds, cost efficiencies, and the benefit from lower tax rates should lead to return on equity (RoE) accretion of 370bps for private banks. Higher RoEs should warrant much higher price-to-book ratios (P/Bs). We see a 10-15 percent upside from current valuations for private banks over the next five years," said BNP Paribas.Close Given that the asset quality cycle has peaked, the credit cost should be lower than those in the previous cycle, the brokerage said. related news Sensex at record high but midcaps likely to generate wealth; 20 stocks … [Read more...] about Banking set to see a recovery, life insurance the next big sector: BNP Paribas
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In the 21st Century, if theres one thing that’s joined the pantheon of annoying teen behavior–along with sex, drugs, rock n’ roll–it’s smartphone use. The texting, the sexting, the emoji-speak, the Snapchats. “Put your phone down” is the new “Get off my lawn.” For a new holiday spot, AT&T is actually encouraging people to give the present of being present by putting down the phones. The new ad, by agency BBDO and directed by Jonathan Dayton and Valerie Faris (Little Miss Sunshine), follows one family’s Christmas adventures and the phone-obsessed teen among them. But in the end, the festive spirit wins out over checking that Instagram feed yet again. “We constantly look for signals of human behavior in the marketplace–it drives insights on what might be next for our products and services,” says Valerie Vargas, vice president of advertising and communications for AT&T. “Recently, we noticed that … [Read more...] about AT&T Wants You To Give The Gift Of Putting Down Your Damn Phone This Christmas
The Sheltersuit is a home that you wear. Designed in the Netherlands for use by homeless people, the suit is a water-resistant, insulated jacket and sleeping bag, which zip together to keep the wearer warm and dry when they sleep on the street. advertisement advertisement “The Netherlands is well set up for the homeless,” designer Bas Timmer told Co.Exist, “but for every person who gets a bed, one still sleeps rough.” Timmer was moved to do something when the father of a friend died on the street because the shelters were full, and was given just a blanket to see him through the night. The suit was designed by Timmer, a Netherlands-based fashion, and reuses discarded sleeping bags to make its two sections. The jacket has a hood, long, palm-covering sleeves, and a reflective armband. The bottom section looks like a sack until it is zipped onto the hem of the jacket, whereupon the whole thing becomes a semi-cosy sleeping bag. The suit comes with a … [Read more...] about The Sheltersuit Is A Wearable Homeless Shelter Made From Sleeping Bags
Somewhere in the universe, there is a shelf of neatly organized books with titles made of nonsense. One of these books contains 410 pages of uncapitalized English words strung together in no intelligible order. On page 26 of this particular book, about halfway down, bookended between “holons” and “linkman“, is a 26-word couplet that my 4-year-old daughter will attempt to recite in her preschool’s Christmas pageant. Somewhere else, on a different shelf, is another book: this one contains a precise transcription, down to the syllable, of how my daughter will adorably mangle those 26 words onstage when her cue arrives. advertisement advertisement If this scenario sounds familiar, it’s because the 20th-century Argentine author Jorge Luis Borges imagined it in his mindbending short story “The Library of Babel”: The universe (which others call the Library) is composed of an indefinite and perhaps infinite number of hexagonal … [Read more...] about How Do You Design A UX For Infinity?
Note: This article is also included in our year-end creative wisdom round-up. advertisement advertisement Although the film industry is in something of a transitional phase right now, one genre is still flourishing like a zombie that refuses to die (again). Modern horror movies are, generally, relatively inexpensive, have built-in audiences, and tend to do well internationally. And because of easier access to equipment and distribution than ever before, the playing field for making these movies has been leveled. Such opportunities are of little consequence, however, for those who don’t possess the talent, creativity, and drive to bring something new to the scary movie table. Fortunately, there’s a crop of independent filmmakers right now collectively performing disfiguring cosmetic surgery on the face of fear–and doing it on the cheap. Writer Simon Barrett and director Adam Wingard are among a group that also includes Ti West, Joe Swanberg, and others, who … [Read more...] about The Makers Of “You’re Next” On How To Make A Modern Independent Horror Movie