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Cash ban gives a boost to India's government-run banks
By Nupur Acharya and Santanu Chakraborty
Bloomberg News
Wednesday, December 14, 2016
Shares of India's biggest state-run lenders are on a roll, thanks to a government ban on high-value notes that took almost four-fifths of the nation's currency out of circulation.
Since the so-called demonetization policy was introduced on Nov. 8, State Bank of India and Bank of Baroda have risen at least 4 percent amid speculation they will benefit more than private-sector peers from the influx of deposits that followed the cash ban, according to IDBI Capital Market Services Ltd. Private-sector rivals HDFC Bank Ltd. and ICICI Bank Ltd. dropped 7 percent and 9 percent, respectively.
The government's surprise move last month to invalidate old 500- and 1,000-rupee notes has driven millions of Indians to banks to deposit the currency or exchange them for new denominations. Lenders had taken in 12.4 trillion rupees ($183.6 billion) of deposits as of Dec. 10, out of the 15.6 trillion rupees of notes canceled, central bank figures show.
"State-run banks are getting to generate a large float of low-cost current and saving account deposits after demonetization," A.K. Prabhakar, head of research at IDBI Capital in Mumbai, said by phone. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2016-12-14/india-s-worthless-cas...
Golden Predator Finds New Veins of up to 30.8 g/t Gold;
Airborne Geophysics Completed at 3 Aces Project in Yukon
Company Announcement
Monday, November 21, 2016
VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) is pleased to announce additional surface exploration results and the results of airborne geophysical surveys from ongoing work at the 3 Aces project in southeastern Yukon, Canada. Highlights include:
-- Seven of Spades: Newly discovered zone with stacked flat lying quartz veins returning values up to 18.55 g/t gold.
-- Queen of Spades: Newly discovered zone with values up to 30.8 g/t gold.
-- Jack of Spades: Additional results from continuous panel sampling of a second higher bench returned 20 meters of 7.62 g/t gold including 11.7 g/t gold over 12.4 meters and 37.9 g/t gold over 1.7 meters.
-- Three of Spades: Additional assays have increased strike length of vein with returns including 6.95 g/t gold. ...
... For the remainder of the announcement:
http://goldenpredator.com/_resources/news/nr_2016_11_21.pdf
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