Bank Stocks Outlook For The Week - 02 to 06.04.2018
After a slight rebound in shares of banks this week, the stocks are expected to remain range bound in the beginning of the upcoming week due to lack of cues. However, during the later part of the week, the Reserve Bank of India's bi-monthly monetary policy outcome will lend cues. This is the central bank's first monetary policy meeting in 2018-19 (Apr-Mar) and also the first after the Punjab National Bank fraud. Following the revised framework for the resolution of stressed assets by the RBI, banks are expected to report higher provisioning and recognition for stressed assets for Jan-Mar. Moreover, any substantial movement in the broader market is likely to lend direction to the sector.
Source : Cogencis Information Services Ltd.
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After a slight rebound in shares of banks this week, the stocks are expected to remain range bound in the beginning of the upcoming week due to lack of cues. However, during the later part of the week, the Reserve Bank of India's bi-monthly monetary policy outcome will lend cues. This is the central bank's first monetary policy meeting in 2018-19 (Apr-Mar) and also the first after the Punjab National Bank fraud. Following the revised framework for the resolution of stressed assets by the RBI, banks are expected to report higher provisioning and recognition for stressed assets for Jan-Mar. Moreover, any substantial movement in the broader market is likely to lend direction to the sector.
Source : Cogencis Information Services Ltd.
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