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Bank Stocks Outlook For The Week - 17 To 21.12.2018

Bank Stocks Outlook For The Week - 17 To 21.12.2018

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             Equity Cash/Futures/Options Segment 

Bank stocks are seen holding on to their gains in the coming week, on optimism over the
appointment of Shaktikanta Das as the new governor of the Reserve Bank of India after the sudden
resignation of Urjit Patel late Monday. Expectations of the central bank coming out with a slew of
steps to boost overall liquidity and ensure credit growth under the new governor should drive the
uptrend in the sector. Easing inflation has renewed calls for a rate cut by the Reserve Bank of India
as many investors are of the opinion that lower rates will help spur economic growth in the country.
Shares of Kotak Mahindra Bank will be in focus as the bank has moved the Bombay High Court
against the RBI over the issue of perpetual non-convertible preference shares to bring down
promoter stake in the bank.

Source : Cogencis Information Services Ltd.

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