Reserves help RBI tide over tough times and should be managed accordingly.

There have been enough pointers since the Budget announcements in February to show that the government's finances are perhaps not in a great shape.

Dewan Housing Finance Corporation (5.16%), Indiabulls Housing Finance (6.04%), Reliance Home Finance (3.13%), Gruh Finance (2.02%), VLS Finance (1.06%), Reliance Capital (1.33%), PNB Housing Finance (1.01%), and LIC Housing Finance (2.36%) were the major losers in the sector.

The large cap stock has lost 6.81% during the last one year and risen 1.46% since the beginning of this year. The stock opened at a loss of 3.95% today. It has been losing for the last two days and has fallen 7.04% during the period. 

Non-retail investors will be allowed to take part in the OFS on October 31. On November 1, both retail and non-retail investors can take part in the share sale. In case of oversubscription, an option of selling additional 37.24 crore (nearly 6% stake) shares will be available.

Five out of six debutants in the top 100 rankings are from the financial services sector.

The lending environment is still challenging. The corporate are still to get into the expansion mode to borrow from banks.

Hari Sankaran, the former vice-chairman and managing director of debt-laden IL&FS, has blamed Life Insurance Corporation of India (LIC) and the 'capital intensive' nature of infrastructure business for the problems faced by IL&FS group.

It may appear that SBI is coming to bailout the NBFCs, but it can be a win-win situation for both and will also help SBI to improve its retail portfolio.