Bank Stocks Outlook For The Week – 11 To 15.12.2017
Bank stocks are seen trending higher next week, both on technical factors and on favorable market sentiment for the sector, but the updates on cases flagged by Reserve Bank of India for possible referral to National Company Law Tribunal as possible source of volatility. A key factor that will lead to volatility in bank stocks is the update on the second list of accounts sent by RBI to banks, and whether these accounts will be sent to National Company Law Tribunal when the Dec 13 deadline lapses. Any update on the quantum of allocation in first tranche and structure of the 2.11-trln rupee public sector bank recapitalisation programme will also spur upswing in the state-owned bank space,
creating greater space to end more. Seen up next week on hope of better demand Momentum for PSU
refiners may continue Sector are taking heart from recent Reserve Bank of India data, which shows that credit growth is on an uptick and close to 10%, a fact that the monetary policy statement also noted. This is good for banks from a denominator impact; this will help them work on the non-performing asset ratio and overall numbers when they declare earnings.
Source : Cogencis Information Services Ltd.
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Bank stocks are seen trending higher next week, both on technical factors and on favorable market sentiment for the sector, but the updates on cases flagged by Reserve Bank of India for possible referral to National Company Law Tribunal as possible source of volatility. A key factor that will lead to volatility in bank stocks is the update on the second list of accounts sent by RBI to banks, and whether these accounts will be sent to National Company Law Tribunal when the Dec 13 deadline lapses. Any update on the quantum of allocation in first tranche and structure of the 2.11-trln rupee public sector bank recapitalisation programme will also spur upswing in the state-owned bank space,
creating greater space to end more. Seen up next week on hope of better demand Momentum for PSU
refiners may continue Sector are taking heart from recent Reserve Bank of India data, which shows that credit growth is on an uptick and close to 10%, a fact that the monetary policy statement also noted. This is good for banks from a denominator impact; this will help them work on the non-performing asset ratio and overall numbers when they declare earnings.
Source : Cogencis Information Services Ltd.
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