BOB’s earnings saw sharp miss and reported Rs8.64bn of loss on back of high provisioning, although asset quality improved with continued PCR enhancement. 21% of the loan book was under moratorium falling significantly as offering morat on selected basis. NII performance was decent but lower other income & higher staff opex led to mediocre PPOP. Concerns have remained from high NBFC share, while high mix of corporate/SME book can see higher restructuring and hence we believe, high credit cost will continue to remain a challenge to profitability. … [Read more...] about Buy Bank of Baroda; target of Rs 65: Prabhudas Lilladher
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- Other factors: Let’s say you have ageing parents (or in-laws) who are partially dependent on you for ad-hoc medical expenses. In such cases and if their health insurance isn’t sufficient, then you need to keep some buffer for their expenses as well. This layer of buffer can vary on the basis of parents’ dependency and medical requirements. … [Read more...] about When layoffs and pay cuts abound, how large should your emergency fund be?
Even though the Duo is much wider than any garden-variety phone would dare to be, it doesn’t come off as a brick. That’s because Panay, chief designer Ralf Groene, and the rest of the team did obsess over thinness and lightness. The Duo weighs 8.8 oz., which is more than a one-screened phone but not by all that much; the first thing I noticed when I plucked it out of its box was how light it was. Panay and Nadella both liken the device to a Moleskine notebook, and it does feel like it evokes one in sleek, digital form—giving it a spiritual kinship with Microsoft’s old canceled Courier project even though Panay says he isn’t even all that familiar with what Courier was trying to achieve. … [Read more...] about The many sides of Microsoft’s new two-screen Suface Duo phone
• Debt funds have some risk (interest rate risk, credit risk, etc.) and hence, are capable of providing better returns than fixed deposits (FDs). But this is not guaranteed. FD interest rate is known beforehand. Same is not the case with liquid funds. But well-run liquid funds are generally able to beat the interest rate earned on FDs of similar duration, that too if held for 3+ years (where they get better tax benefits). … [Read more...] about Viewpoint | Where to invest emergency money – savings account, fixed deposit or a liquid fund?
The onset of monsoons and the current flooding, has certainly affected the capacity of state and local-self-governments. The fiscal scenario in the state is precarious and there is a certain level of fatigue seen in the entire government machinery. The ‘Kerala model’ of COVID-19 response will not be defined by what has been done till now, rather by how the state will cope in the next six months. After all, the best containment strategy for COVID-19 is about how well we learn to live with the virus, with a hope that a vaccine will be available soon. … [Read more...] about COVID-19 and Kerala | How investment in social capital is paying off now