Currency Derivatives - Trading in ... - HDFC securities

Indian Financial Sector

As negotiations to finalise the long-overdue Regional Comprehensive Economic Partnership (RCEP) enter final stages, Prime Minister Modi said India has put forward reasonable proposals in a clear manner and is engaged in the talks with sincerity for the free trade deal. Modi said India is clear that a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of the country and of all nations involved in the negotiation.
-Business Line
A day after SEBI put in place tighter disclosure norms, Indian Bank, Union Bank of India and Lakshmi Vilas Bank on Friday reported divergence in their bad loans for the last fiscal ended March 2019. For LVB, the net loss widened to Rs 1,006 crore from Rs 894 crore.
-Economic Times
The RBI has rejected a proposal by ICICI Bank for appointment of Sandeep Batra as an executive director (ED) after SEBI penalised him in a case related to merger of Bank of Rajasthan.“The Bank has received a communication from RBI not acceding to the request for appointment of Batra at present and to resubmit the proposal for approval after one year from the conclusion of settlement proceedings,” ICICI Bank said in a regulatory filing late on Friday night.
-Business Line
The RBI has refused to relent on its guidelines requiring chief executives of private banks to mandatorily retire at the age of 70, setting the stage for Aditya Puri to step down as HDFC Bank MD & CEO next October, while Romesh Sobti will retire as IndusInd Bank chief at the end of the financial year.
-Economic Times
PSBs are talking to the RBI under the aegis of the IBA to allow a staggered recognition of deferred tax assets (DTA) for FY20 in order to avoid taking large hits on their bottomlines. “We are assessing the matter and even the RBI and IBA are talking about it,” said an executive aware of the development.
-Financial Express
US Treasury Secretary Steven Mnuchin met RBI Governor Shaktikanta Das in the financial capital today. The two discussed “global and domestic macro-economic scenario in both countries and regulatory developments”, according to an official statement from the central bank.
-Business Line
The global investor which has submitted a binding bid to invest $1.2 billion in Yes Bank is a North American family office that is interested in picking up more than a third of the bank’s shareholding. “We have a nondisclosure agreement with the investor. The bank’s capital-raising committee could meet as early as next week to decide on the proposal and, should they approve it, the name will be made public,” said Yes Bank MD & CEO Ravneet Gill.
-Economic Times
Karur Vysya Bank has posted a 24.37% dip in its standalone net profit for the second quarter ended September 2019 to ₹63.33 crore compared with the corresponding year-ago period on higher provisioning.
-The Hindu
Lakshmi Vilas Bank, in a regulatory filing, said Non-Executive Non-Independent Director Anuradha Pradeep has resigned from the board.
-Business Standard
India’s GDP could grow 6.6% in 2020-24, lower than its 2013-17 average of 7.4%, the Organisation for Economic Co-operation and Development (OECD) said today.
-Economic Times
China's Fosun Tourism Group said it would acquire the Thomas Cook and related hotel brands for 11 million pounds in a bid to expand its presence in the tourism business.
-Economic Times
A 65 Year olddepositor of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank died due to a heart attack in neighboring Navi Mumbai, her family said. Kuldeep Kaur Vig (64) is the seventh PMC Bank depositor to have died after the alleged ₹4,355 crore scam at the bank came to light and the RBI imposed restrictions on withdrawal of funds.
-Livemint
NPCI on November 1 said the number of transactions of Unified Payments Interface (UPI) has crossed the landmark figure of 1 billion in October. "The total transactions of UPI jumped to 1.15 billion in October 2019 from 0.96 billion in September 2019," NPCI said in a release. Total transaction value of UPI stood at Rs 1.91 lakh crore during the month, up from Rs 1.61 lakh crore in the previous month.
-Moneycontrol.com
India's forex reserves increased by $1.832 billion to a new lifetime high of $442.583 billion in the week ended October 25, helped by a jump in core currency assets and value of gold, RBI data showed on November 1. The overall kitty had expanded by $1.04 billion to $440.751 billion in the previous reporting week.
-Moneycontrol.com
 -#021119 
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BEST BANK FOR CURRENT ACCOUNT IN INDIA – READ CAREFULLY

BEST BANK FOR CURRENT ACCOUNT IN INDIA – READ CAREFULLY

https://preview.redd.it/gfzi2wagvyd31.jpg?width=825&format=pjpg&auto=webp&s=601921ef69e2cc7f10b0accdbf7983db11b518f7
People who are a unit in business principally they need a accounting. Most of the banks

provide differing types of current accounts. you'll be able to target your demand to

settle on best banks for accounting. There area unit 2 most typically used accounts –

bank account and accounting. Here, apprehend the most effective Bank For accounting In

India, the newest list for you.

Best Bank for accounting In India – options That Differentiate
Overdraft facility
More free transactions allowed
Moreover, Interest-free account
Minimum account balance starts from Rs.10,000 typically
Unlimited deposit and withdrawal facility
Allows direct payments victimization Doctor of Divinity, cheques and pay orders
Must Read: AADHAR LINK TO BANK ACCOUNT- straightforward STEP BY STEP GUIDE
Features And advantages Of accounting – Best Bank for accounting In India
Zero-interest rate account
The facility of draft and unsecured loans
Also, Unlimited withdrawals from the house branch
Can be operated by public and personal firms, people, proprietors, trusts, NGOs etc.
Multiple direct payment facilities like demand drafts, free cheque leaves, pay orders,

NEFT, RTGS etc.
Types Of accounting – Best accounting In India
Standard Current Account: It offers AN draft facility, cheque leaves, debit cards, SMS

banking, internet banking, etc. and contains a monthly average balance demand.
Single Column money Book: It permits transactions however doesn’t provide options like AN

draft facility. It records daily transactions underneath separate credit and debit

columns.
Packaged Current Account: It offers packaged options like travel insurance and medical

support.
Premium Current Account: It offers premium offers, services and advantages with tailor-

made options for its high-end customers.
Foreign Currency Accounts: it's for businesses or people that need vast foreign currency

transactions to be administrated often.
Must Read: tax REFUND standing – ELIGIBILITY, PROCEDURE, ONLINE
Which Type Of accounting Is appropriate For You?

Basic current accounts area unit dealing accounts with zero interest rates and high

minimum balance account needs. But, banks currently provide a spread of Current Accounts

designed to fulfill completely different client needs. Examples like low or naught

minimum balance account, draft facility, higher transactional capabilities and a

relationship manager. you've got to match this account options to pick out the most

effective banks for current accounts.

Here is that the List Of ten Best Bank For accounting In India
State Bank Of India
SBI provides unlimited daily transactions with their services. It additionally offers

draft facility that comes with a credit limit. Probably, SBI is that the best accounting

for tiny business in India.

Features And advantages
Low account maintenance charges
The convenience of straightforward money pickup facilities and money handling
Free monthly statement
Ease of SMS alerts
Nomination facility offered
Fastest Safest & Securest company net Banking
SBI internet banking is incredibly straightforward to use
HDFC Bank
HDFC Bank offers a bunch of options on its current accounts. The freed from charges

feature from it’s a home branch on money withdrawals, RTGS and NEFT payments and

collections.

Features And advantages
Avail on non-cash services
High dealing amounts
Easy net banking
ICICI Bank
ICICI bank targets its customer’s needs into thought. Also, it offers special privileges,

tailor-made offerings, free services and better free limits for daily transactions

Features And advantages
Unlimited transactions
Free RTGS and NEFT transactions
Free mobile alerts
Also, an infatuated relationship manager
user-friendly ICICI internet Banking
Axis Bank
Axis bank provides varied options to their customers. Also, there's AN choice of free

money deposit up to Rs. two lakhs during a month reception branch and in non-home branch

free money withdrawal up to Rs. 1 lakh.

Features And advantages
500 cheque leaves free per month
Free money deposit up to Rs. two lakhs during a month
Minimum balance demand is Rs. 10,000
easy Axis internet banking
Bank Of Baroda
There area unit differing types of accounting offered in Bank of Baroda. Further, they

provide money withdrawals in line with their customer’s needs.

Features And advantages
Based on the conception of PAY AS you employ
5 Non-ADC transactions area unit free per month
Unlimited issue of cheque books
Auto sweep / Reverse sweep feature offered
Kotak Mahindra bank
They focus to supply their best to their customers by their current accounts. Services,

like retreating funds and issuance cheques area unit one amongst the most effective from

this bank and it's one amongst the most effective banks for current accounts.

Features And advantages
Faster out-station cheque assortment
Better Forex rates and economical trade services
Cash management services
Also, free cheque payments and assortment
Free NEFT and RTGS through Kotak internet Banking
HSBC Bank
HSBC offers current accounts to its customers to fulfill their desires. Further, these

accounts go together with several added advantages and options.

Features And advantages
No monthly account fee
Exclusive access to offers and discounts
Dedicated relationship manager
Available draft service, subject to standing
Yes bank
It is a invasive public sector bank. affirmative bank provides many tailor-made

accounting banking product to people yet as businesses.

Features And advantages
Free demand drafts across India
Flexibility to extend the dealing limit
Also, free cheque payments and collections and free money deposits
Multi-city cheque books area unit provided
Union Bank
Union bank offers unlimited transactions to their customers. Its accounting comes with

varied advantages and options, therefore their customers don’t face any downside.

Features And advantages
Unlimited payments
Overdraft facility
Upcountry cheque assortment facility
Also, nomination facility
IndusInd Bank
The IndusInd bank has AN array of current accounts for giant company, businesses,

importers and exporters and for niche industries. Therefore, one amongst the foremost

vital advantages is that the shoppers will simply avail the draft facility.

Features And advantages
No limits on withdrawals
Provides AN draft facility
Also, Mobile banking and net banking facilities
Must Read: ten BEST BANKS for private LOAN IN India
Summary – Best accounting In India
Therefore we tend to here mentioned a number of the most effective banks for current

accounts in India. So, Current accounts have their own advantages. If you are doing daily

transactions with the bank and wish some further options than a accounting is healthier

than saving account. currently the most issue comes here after you got to opt for a bank

within which you're progressing to open AN account. Moreover, opt for the netbanking

facility. therefore opt for rigorously the most effective accounting during a bank that

suits your needs.
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CLSA: Greed & Fear : Modi and Banking Amendments [NP]

Chris Wood of CLSA is one of the most revered Equity Strategist. He periodically writes 'GREED & FEAR' series explaining his views and strategies. He usually meets the policymakers, CEOs and sector experts before forming his opinions on each country and the market.
This is a txt copy of the latest edition.
CLSA: GREED & FEAR : MODI AND BANKING AMENDMENTS - 11th May 2017
GREED & fear’s base case for 2017, namely for global equity investors to be overweight global emerging markets and the Eurozone, has been strengthened by Emmanuel Macron’s victory. Macron’s victory will have further encouraged hopes of a re-energised Franco-German alliance at the heart of the Eurozone and related hopes of a renewed drive towards integration. Whether such hopes prove to be a reality is quite another matter. But for the moment they can propel European equities higher in the run up to the German election where GREED & fear’s base case remains a Merkel victory.
GREED & fear also remains constructive on the euro since the base case must be that Derivative Draghi will signal some increase in token tapering at the next ECB monetary policy meeting on 8 June.
As for the US, renewed hopes that the Trump administration will be able to pass reform of Obamacare are again encouraging expectations that tax reform can be passed more quickly than previously anticipated. This remains extremely optimistic from GREED & fear’s standpoint, with the major uncertainty whether Republicans in Congress will insist on the package being revenue neutral. But for now such hopes may keep the 10-year Treasury bond yield above 2.3% and therefore equities reasonably constructive. Yet if such hopes of near-term tax cuts are dashed, GREED & fear’s view remains that the yield curve is vulnerable to renewed flattening given that the evidence remains that the downside risk to economic growth in America are rising not falling. More tightening by the Fed, let alone the commencement of balance sheet contraction, increases the risk for US equities and strengthens the case to be long Treasury bonds absent aggressive tax cuts. It also increases the argument to be underweight American equities in a global portfolio.
It is a reality of market sentiment that the China reflation trade is currently being questioned. GREED & fear’s base case is that the bulk of the correction in commodities is over, be it in copper, iron ore and other China reflation trade proxies.
Still GREED & fear is much less sanguine on oil where hopes of keeping oil above US$50 rest on OPEC being able to agree on an extension of the current production agreement at its forthcoming meeting scheduled for 25 May. In the absence of such a deal, oil looks vulnerable.There is now a following wind in Europe until the German federal election in September where investors currently anticipate a positive result. The issue will then become whether a Eurozone with a Merkel-Macron leadership or, less likely, a Macron-Schulz leadership, will really push for renewed integration on a presumed path to fiscal union. For that is what will be required in GREED & fear’s view to keep Italy in the Eurozone.
If Asia and emerging markets remain an overweight forGREED & fear, India also remains the most preferred equity story in the emerging market universe on a ten-year view. This long-term constructive view has been strengthened by evidence that the Modi government is showing a renewed focus to address the asset quality problem in the banking sector.
The key development on the bad loan problem was the publication late last week of an ordinance amending the Banking Regulation Act. The key purpose of this amendment is to empower the Reserve Bank of India to intervene in specific cases of default as well as to give the central bank the authority to require specific defaults to be sent to the insolvency court if lenders and borrowers cannot reach resolution.The other aim of this amendment is to remove a concern shared by all bankers that, if they agree to a haircut on a specific loan, they will be at risk of future investigation by the judiciary or an investigative agency. It is the reluctance of the banks to take haircuts which has been the key cause of India’s long festering banking problem.The lack of progress addressing this legacy problem in the banking sector is the main reason why India is still seeing no evidence of a renewed private sector-driven investment cycle. While there have, in GREED & fear’s view, been enormous achievements in other areas of policy, the missing link is the banking sector with the bulk of the problem lying in the state-owned banks.The new approach requires the RBI to execute proactively on its new powers. The good news is that the RBI’s technocratic approach means that its management of the NPA problem will be less politicised than if handled by other government agencies. The word in Delhi is that the RBI will come out with clear guidelines in the near future on how this process will work.There is naturally much scepticism as to whether resolutions of bad debt cases will happen given the previous failure to address the NPA problem. Still, in GREED & fear’s view it is wrong to be too sceptical since, if the RBI is prepared to be tough, it has the leverage to apply, since it now has the power to invoke the insolvency code against defaulters. Once the NPA issue is resolved, the way will be clear for the public sector banks to raise capital, a process which should also lead, with the encouragement of both the RBI and the government, to the consolidation of the public sector banks.
The rest of the Indian story under the extraordinary Modi remains as vibrant as ever. While it is true that the Aadhaar programme was launched under the previous government, the real roll out and practical application of the programme has been massively leveraged since Modi assumed power. The benefits of direct electronic payments are hard to exaggerate in terms of reduced leakages and the like.
There is also the approaching launch of the Goods and Services Tax (GST). While this will not be as clean as originally hoped, the arrival of GST is a big deal. The fundamental point to focus on is that GST will end inter-state barriers to trade. The result should be increased tax revenues.GREED & fear remains constructive even if the Indian stock market is certainly expensive on a forward earnings basis. The continuing rise in the stock market year to date, and the resulting re-rating, has been triggered primarily by ongoing strong inflows into domestic equity mutual funds.These inflows into the mutual funds have been a feature ever since Modi was elected and reflect a growing preference for financial assets over traditional assets not traditionally visible to the taxman in India, namely property and gold.
The investment in Naver in the Asia ex-Japan long-only portfolio will be removed. An investment in Indian state-owned bank State Bank of India will be initiated with a 3% weighting, while a further 1ppt will be added to the existing investment in HDFC.China’s foreign exchange reserves increased by US$20.4bn in April. This marks the first time China’s forex reserves have increased for three consecutive months since June 2014. CLSA’s economics team estimates a mark-to-market gain of US$25bn in April, which implies a balance of payments deficit of only US$5bn in April. This further reinforces the view here that capital flight in China is not out of control.The latest Chinese inflation data provides further evidence that China PPI inflation has already peaked. PPI inflation slowed for the second consecutive month, down from 7.6% YoY in March to 6.4% YoY in April. The slowdown can be partly explained by the base effect. But China PPI also declined on a month on month basis for the first time since June 2016.
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10 July Trade HDFC Bank. How to Spot Forex Trading Scams Hindi - YouTube truth about forex trading demo account - hindi By Ajaymoney How to Trade in Currency Market forex In हिंदी - YouTube Bibiano ForeX - YouTube How To Use Stop loss in Trading in India in Hindi - YouTube Truth about Forex Trading 1 - Hindi MUST WATCH - YouTube Future & Options

HDFC Bank prepaid forex cards offer a safe, easy & cashless way to carry foreign currency on your travel abroad. Browse through our various types of forex cards suiting your travel requirements. Any person resident in India collecting and effecting / remitting payments directly /indirectly outside India in any form towards overseas foreign exchange trading through electronic/internet trading portals would make himself/ herself / themselves liable to be proceeded against with for contravention of the Foreign Exchange Management Act (FEMA), 1999 besides being liable for violation of ... Definitions: In this document the following words and phrases have the meaning opposite them unless the context indicates below: Bank refers to HDFC Bank Limited, a banking company incorporated in India under the Companies Act 1956 and having its registered office at HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India and includes its successors and assigns With HDFC securities’ multi-trading platforms, you can conduct Currency Trading in India from your comfort zone using any of our online or offline channels. 1. Internet Trading System: Now place instant trades in currency derivatives by using our mPowered trading platform - an easy to navigate and speedy transactional channel. 2. Call N Trade ... TradingView India. Leading Diagonal and now booking 50% positions. Leading Diagonal and now booking 50% positions. TradingView . EN. TradingView. Sign In. Ticker Trading Ideas Educational Ideas Scripts People. Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Dark color theme Sign Out ... TradingView India. Sell below 1780 with the stop loss of 1795. Targets are 1765, 1750, 1730 and 1705. Forex Trading around the globe Benefits of Forex Trading in India. Though trading in this segment isn’t recommended for unpracticed brokers, it gets an upper hand over equities due to various benefits. Some of its advantages include a 24-hour open market (over different parts of the world), low transaction cost, high liquidity, high-profit ...

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10 July Trade HDFC Bank.

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