Credit Suisse as well as Bank of America Merrill Lynch have conveyed these views in the research notes prepared for their respective clients in India and abroad.
According to the global financial services major, there can be four scenarios post elections.
The Swiss authorities have frozen USD 300 million in Credit Suisse accounts in Geneva held by the sons of former Egyptian president Hosni Mubarak.
Indian stocks are becoming “less interesting” as their valuation vis-a-vis other markets in the Asian region have declined considerably, Swiss banking major Credit Suisse said in a report.
Credit Suisse AG has agreed to pay $536 million in settlement claims for financial misconduct by processing payments that let Iran, Libya and other nations gain access to US financial institutions.
Expectations of better growth figure
and rising inflation might prompt the Reserve Bank to hike key
rates and the amount banks need to park with it (CRR) in 2010,
a Credit Suisse report today said.
Revising upwards its forecast on India`s GDP growth to 6.2 per cent from the earlier 4.9 per cent, Credit Suisse on Tuesday said the Reserve Bank of India may start increasing interestrates from the first quarter of 2010.
Investment bank Credit Suisse plans to expand its equities and wealth management operations in India, where foreign money has powered a near-doubling in share prices since early March.
Day in Pics: 2nd September
Showbiz World - September 2, 2014
Celebrities welcome Ganapati