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​Non-interest income, excluding treasury income, climbed 25 per cent YoY to Rs 4,629 crore from Rs 3,706crore. Fee income was up 32 per cent YoY at Rs 4,243 crore from Rs 3,219 crore. Fees from retail, rural, business banking and SME customers constituted about 79 per cent of total fees, the lender said in a press release.

In the previous weekly note, it was categorically mentioned that the markets may resume their up move after a brief period of consolidation. Against the trading range of 390.35 points in the week before this one, Nifty moved 610.05 points this week as it added strength to its move. Among a few technically important things that took place, the one was that of the Nifty keeping its head above the crucial 16000 levels and then inching higher.

The bank said its non-interest income for the quarter came in at Rs 781 crore. Adjusted for unrealised and realised gain on investments, the non-interest income climbed 35 per cent on a year-on-year basis.

"Looking at the momentum certainly portrays the urge of the bulls of D-Street while favorable conditions. However, significant traction is seen outside the indices; hence it is advisable to keep Identifying apt themes and potential movers within the same, which are likely to provide better trading opportunities. Meanwhile, staying abreast with the global market is advisable," he added.

The company, which reported a total contract value of USD 394 million during the reporter quarter, is observing cautiously the developments but is confident of business momentum going ahead.

“I’m still sleeping with one eye open because just one or two big selloffs could easily negate all of this and lead us back into violent bear-market selling,” said Adam Sarhan, founder and chief executive officer at 50 Park Investments, who nevertheless describes himself as increasingly bullish.

Time to bet on Indian consumption-centric stocks: Shashank Khade. Shashank Khade, Co-founder & Director of Entrust Family Office, says it is time to bet on India centric growth stories as growth looks tenable for an elongated period of time. “ We are betting on Indian-consumption centric stories in infrastructure, capex beneficiaries, recovery plays post Covid, selective consumer discretionary plays and most commonly companies levered to higher future economic growth,” says he.

​Under the MSME Resolution Framework, the bank has standard restructured fund-based outstanding of Rs 697 crore, which was 0.25 per cent of advances, as at June 30. As at June 30, gross non-performing assets stood at 2.24 per cent and net NPA at 0.62 per cent.

Shaktikanta Das said the Reserve Bank of India has no specific level on the rupee in mind and since there is a genuine shortage of dollars in the market, the central bank has been supplying dollars.

Attrition rates in the industry hit high levels as demand for skilled professionals was soaring. Companies doled out high appraisals and bonuses to retain talent thereby impacting their profit margins. Despite this employees switched and got better job offers.