CAIIB free notes 8279470702

    Algorithm Trading    Algorithm trading is a system of trading which facilitates transaction  decision making in the financial markets using advanced mathematical  tools.                                                                                                                                                               

Very Good Morning 🎄 Today's Headlines from : *Economic Times* 📝 Ola Electric plans to raise upto $1billion from IPO at valuation of $10billion, appoints four investment bankers for issue 📝 Vodafone Idea Q4: Cons loss narrows YoY to Rs 6,419 cr, revenue up 3% 📝 Piramal Pharma Q4 Results: Net profit slides 75% YoY to Rs 50 crore 📝 Rupee falls 7 paise to close at 82.75 against US dollar 📝 IRFC, NHB raise Rs 4,500 crore via bond issues 📝 Foodgrain output seen at record 330.5 MT in 2022-23 📝 Biocon Biologics may raise additional equity of $300 million in FY24 to pare debt 📝 STT GDC to invest Rs 2,000 cr in two more data centres in Pune 📝 Kidswear D2C brand Hopscotch raises $20 million led by Amazon *Business Standard* 📝  From US to Australia, investors from 21 nations get angel tax exemption 📝  Anil Agarwal's Vedanta pledges nearly all its HZL stake to raise funds 📝  Bikano eyes Rs 200-crore sales through export market, expects 40% growth 📝  Emami Q4 net pro...

 🙏 Good Morning 🍒  Loan growth: Elephant racing faster than the system, says SBI Chief : State Bank of India (SBI) may not go aggressive and hike interest rates to mop up deposits as it still has excess Statutory Liquidity Ratio (SLR) to the extent about ₹4-lakh crore, which it can leverage to support credit growth in FY24. In FY24, India’s largest bank expects its deposits and loan book to grow about 9 per cent and between 12 to 14 per cent, respectively. Chairman Dinesh Kumar Khara likened his Bank’s FY23 loan book growth of 15.99 per cent (vis-a-vis banking system’s 15 per cent growth) to “elephant racing faster than the system.” - economic times 🍒  Bank of Maharashtra tops PSU lenders chart in profit and loan growth in FY23 : State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2022-23. The Pune-headquartered lender also recorded highest growth in profitabil...