A section of analysts feel now may not be a bad time to buy select PSBs.
Move comes after the country's monetary authority tightened credit norms
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
'Jaitley should get the GST and multi- brand retail bills passed to achieve 9%+ growth.'
One can expect significant changes at India's banks in ensuing months.
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
Non-Performing Assets are a wake-up call for public sector banks.
Gold has pushed lower as a result of Chinese selling.
Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
Srei Infrastructure's vice-chairman -- and former Assocham president -- Sunil Kanoria discusses the Kanoria businesses and his impression of the Modi government with Ishita Ayan Dutt and Namrata Acharya.
