Yes Bank offers an excellent opportunity to play the theme of structural improvement in profitability vs peers. Not only is the growth opportunity fairly abundant given Yes Bank’s smaller but growing balance sheet, even the retail opportunity on both sides of the balance sheet is likely to drive a 20bps improvement in RoA to 1.9% and 500bps increase in RoE to 23% over the next two years. In contrast, its stock valuations remain muted at 2.4x P/ABV and 13x P/E – this despite a solid stock return of 24% CAGR over the longer term (11 years) and even in the shorter term – 23% CAGR over three years – similar to HDFC Bank’s performance.

KOLKATA: India has largely been an ‘importer’ of global best practices. It is now set to ‘export’ a couple of cool business tricks that Amazon has perfected locally. Both India-first successful initiatives the Seattle behemoth is shipping overseas are in the logistics domain.

They involve roping in local entrepreneurs and tapping neighbourhood grocers, drugstores or other street-corner shops to ensure last-mile delivery of Amazon consignments to customers.

US stocks extended losses and the S&P 500 hit a session low in Friday afternoon trading after Federal Reserve chairman Jerome Powell said the US central bank will likely need to keep raising interest rates to keep inflation under control.

In a speech in Chicago on the US economic outlook, Powell said the labour market appeared close to full employment. It was his first speech on the economic outlook since taking over as chairman on Feb. 5.

Prime Minister Narendra Modi on Friday hit out at the Opposition parties, saying the strength of BJP is affecting them and they are unable to digest that a person born into a backward family is serving the nation.

Addressing the party workers on Bharatiya Janata Party's 38th foundation day, Modi gave a clarion call to party cadres to keep working for the nation and never get agitated by negativity of "vested interest groups".

Defending champion Sathish Sivalingam (77kg) claimed India's third gold medal in the Commonwealth Games today, coming out tops comfortably despite having given up podium hopes after his injured thighs made even routine things like sitting painful.

The 25-year-old Indian lifted a total 317kg (114kg+173kg) and was so ahead of the competition that he forfeited his final clean and jerk lift.

After merger of associate banks with itself in 2017-18, State Bank of India (SBI) is scaling down the pace of branch opening. It will open about 250 branches annually, as against the earlier 750-800 by the group.

Asked about the impact of the shift towards digital banking, using technology, SBI chairman Rajnish Kumar said physical contact points will still be needed because India is a vast country. Only, the outlets are becoming smaller.

The benchmark Nifty on Friday ended the week with 2.15 per cent gains, the most since the week ended July 14, 2017. Signs of easing trade tensions between the US and China, coupled with lowering of inflation forecast by the Reserve Bank of India (RBI), had buoyed investor sentiment.

However, global stock markets edged downwards on Friday after US President Donald Trump’s threat to impose an extra $100 billion in tariffs on China exacerbated fears of a more serious trade dispute, while the dollar paused ahead of crucial US payrolls data.

The Securities and Exchange Board of India (Sebi) is set to intensify its drive against individuals who misuse unpublished price-sensitive information (UPSI) to make illicit gains from the stock market.

Trading based on UPSI is among the most serious offences in the stock market. Sebi has stepped up on improving its surveillance mechanism after prescient messages, related to the financial results of several blue-chip companies, including Axis Bank, HDFC Bank and Tata Motors, were being circulated on WhatsApp.

Even after the Supreme Court extended the deadline to link Aadhaar with various services, including existing bank accounts, mutual funds and insurance policies, Aadhaar or Aadhaar enrolment number remains mandatory for opening a new bank account. At the same time, there are consumer complaints citing the demand for Aadhaar at points of sale of other financial products such as insurance policies and mutual funds.

Who will win India’s promising market for internet commerce? A company with deep pockets and an almost limitless capacity to bear losses. Amazon.com Inc. fits the bill. Its investors don’t bat an eyelid when the firm announces large amounts of cash burn every other year.

It seemed like the US company had met its match when SoftBank Group Corp invested $2.5 billion in Flipkart last year. Led by maverick tycoon Masayoshi Son, SoftBank never seems to be short of funds or the appetite for taking wild risks.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.