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Gross non-performing assets for the quarter fell to 1.35 per cent of gross advances as of September 30 from 1.47 per cent in the June quarter and 1.37 per cent in the year-ago quarter.

Power Secretary Alok Kumar has warned states in this regard and has asked them to take legal action in case imported coal-based power plants refuse capacity on any pretext, a report said.

"I strongly believe that PSU banks are due for a re-rating but I am not sure when that will happen. SBI has done its bit but the other banks in the public sector basket particularly PNB and BOB are where my hopes are."

Consolidated revenue for the quarter climbed 46.79 per cent YoY to Rs 7,789 crore from Rs 5,306 crore in the same period last year.

Nicolas Darvas was a famous dancer, self-taught investor and author, who instead of trusting company fundamentals like price-to-earnings ratios and dividends, preferred to pay attention to public sentiments, a philosophy that worked best in volatile markets.

In current market situation where the market has turned highly volatile with large intraday swings, a trader can’t hold a two-leg strategy like a Bull Call Spread or Bear Put Spread, where losses and profits are limited, but many a time it doesn’t seem worth holding the position. One strategy which is still seems attractive is Butterfly.

Quarterly earnings will guide the mood of the market now and they are expected to be create some buzz of the coming week as they gather pace. Dalal Street would be all ears for any management insights to determine the future outlook of earning trajectory.

The company, which has been diversifying into funding of passenger cars, construction and farm equipment in the past few years, would look at co-lending to build newer asset classes, said Rajiv Lochan, a former McKinsey consultant who is now the managing director of the Chennai-based lender.

Emkay, Motilal Oswal and Edelweiss have retained buy ratings while Macquarie and JPMorgan have retained outperform and overweight rating, respectively.

The filing indicated Oct. 18 as the approximate date for the proposed launch of the fund, which will trade on the NYSE Arca Exchange and charge a management fee of 0.95 per cent.