Microsec:RBI may not cut rates in July if rupee stays at 57-58: Analysts Sanjeev Jain, Research Analyst-BFSI Jun 17,13 According to analysts, banking space is likely to remain subdued owing to RBI status quo stance in short term perspective. But they are good buys for a long term as policy rates are expected to ease going forward. "In Q1FY14, banks may report a healthy profit owing to rise in treasury gain due to significant fall in bond yield," said Sanjeev Jain, Research Analyst-BFSI at Microsec Capital Ltd. "There is a chance that government and RBI may put pressure on the banks to pass the previous rate cut in their base rates which may drag the margin of the banks," he added. Jain is positive on private banks owing to stable asset quality and strong risk management. economictimes.indiatimes/news/economy/indicators/rbi-may-not-cut-rates-in-july-if-rupee-stays-at-57-58-analysts/articleshow/20629530.cms
Posted on: Tue, 18 Jun 2013 08:06:03 +0000
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