HDFC Sings RBI's Tune On Systemic Risk
Private sector lender HDFC Bank does not see any systemic threat to
banking industry due to alleged money laundering cases exposed by a
sting operation.
In respect of the sting operation, three investigations are going on,"
Paresh Sukthankar, executive director HDFC Bank told reporters here in
Mumbai while announcing the fourth quarter (January - March) results on Tuesday.
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Gold Prices Making A Comeback
The gold bugs have come out to play. Gold bounced back Monday after taking a massive beating over the past week or so.
Early Monday, gold prices popped back above $1,400 for the first time in a week. Prices are still a far cry from their record $1,900 level but the modest bounce is encouraging for gold bugs.
It was exactly one week ago that gold prices plunged more than 9% in their biggest one-day sell-off in decades. That appeared to be enough of a rout for big money to come rolling back in.
Early Monday, gold prices popped back above $1,400 for the first time in a week. Prices are still a far cry from their record $1,900 level but the modest bounce is encouraging for gold bugs.
It was exactly one week ago that gold prices plunged more than 9% in their biggest one-day sell-off in decades. That appeared to be enough of a rout for big money to come rolling back in.
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