BofAML says RBI has $43 billion in excess reservesBofAML’s note comes as the panel led by former RBI Governor Bimal Jalan prepares to submit its report in the coming weeks.
BofA’s call sends Graphite India, HEG to upper circuitShares of HEG ended up 20 per cent at Rs 3,871.05 .
BofAML cautions Sensex may slip to 32,000 by DecemberIt warned that this could not only mar sentiments, but also hurt domestic inflows. The BSE Sensex gained by 341.97 points and closed at 36,...
The bull run in emerging stocks may just be startingBofAML, however, said the current bull market is likely to end the same way the last six have, crushed by recession or exhausted by overval...
RBI to recoup forex reserves to combat global contagion: BofAMLThe report said the rupee is expected to reach Rs 66.75/USD level by December.
Retail inflation to be well within RBI's 2-6 pc target: BofAMLThe global brokerage firm said that after a pause in the October policy review meet, the Reserve Bank is expected to go for a 25 bps cut in...
June IIP to be anaemic at 0.3% on GST destocking: BofAMLBofAML further noted that industrial output gap is unlikely to close any time soon as high lending rates are delaying economic recovery.
Loan demand to pick up to 15% in 2017-18: BofAMLAccording to a Bank of America Merrill Lynch report, loan growth in the country is now at a historic low and is expected to bottom out.
Dovish now, RBI may cut rate in August if monsoon is good: BofAMLBank of America Merrill Lynch expects May CPI inflation at about 2.5 per cent, with daily data showing food prices continuing to fall even ...
Normal rains to prop rural India; RBI rate cut on cards: BofAMLAccording to the global financial services major, rural demand is already reviving and the autumn kharif farm income has jumped by 26 per c...
FY17 GDP to grow at 6.9 per cent, will recover to 7.2 per cent in FY18: BofAMLLooking ahead, we expect growth to end 2016-17 at 6.9 per cent and recover to 7.2 per cent in 2017-18, partly on base effects of the ongoin...
BofA-ML says Indian markets are expensive, sees muted returnsBofAML expects muted returns also because the market is not fully appreciating the impact of demonetisation.
RBI's next rate cut in Aug, prospect hinges on monsoon: Bank of America Merrill LynchBofAML had expected a 25 bps rate cut in the February 8 policy meet taking into account the demonetisation shock, low inflation, lower fisc...
- Buy Kotak Mahindra Bank Ltd., target Rs 900.0 : Bank of America Merrill Lynch
For FY17/18, BofAML expects ~35/20% growth in banks earnings, as full benefits of ING merger play out.
Recoveries for banks to start in second half of FY'18Lenders' hopes of recovering money from assets qualified as 'bad' recently will come true in the latter half of the next fiscal, BofA-ML to...
RBI may hike rate; inflation could ease in H2 of 2014: BofAMLSince taking over in early September, Governor Raghuram Rajan has hiked rates twice with an eye on inflation, which quickened to 7 per cent...
FY13 GDP growth to be at 5.6% despite better rains: BofA-MLUnless lending rate cuts come off another 50bp, FY13 growth will find it difficult to do a modest 5.6%, let alone the RBI's 6.5%, the bank ...