Tuesday 25 October 2011

Big Blow to Banking Stocks

Savings Bank De-Regulation is a serious blow to the profitability of Banking Stocks as Banks may want to increase their market share (acquire more customers) by offering better savings interest rates.
Overall End Customer is bound to be benefited and it seems to be a good Diwali gift from RBI.
So will be interesting to see whether it will lead to marginal rate hike or some serious hike in tune of 1.5% to 2% . Present saving interest rate stands at 4%.

1 comment:

  1. • SHFE Copper Sets for Losses.
    • Gold prices down in Asia as stronger dollar, Fed views weigh.
    • Brent, NYMEX down in Asia as sentiment turns down ahead of U.S. rig data.
    CapitalStars

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