Homevideos Newsfinance News

    Expecting a 25 basis point increase in interest rates in this policy, says IDFC Securities

    videos | IST

    Expecting a 25 basis point increase in interest rates in this policy, says IDFC Securities

    Mini

    Anish Damania, IDFC Securities said most of the economists are expecting a 25 basis point increase in interest rates in this policy.

    Anish Damania, IDFC Securities said most of the economists are expecting a 25 basis point increase in interest rates in this policy.
    He said, “ In my view it is more reactionary now to whatever happened and secondly inflation has been trending upwards so to that extent it is higher than what the RBI has been expecting. There will be a 25 basis point increase in interest rates in this policy and another 25 basis points increase in interest rates by March 2019."
    Talking about corporate banks, Anish Damania said, “The valuations of the corporate banks had been beaten down quite mercilessly in the last one quarter. So we are seeing some reversion to the mean with numbers not showing your larger deterioration than what was expected. They are looking a little bit better as their NPAs have been falling. Therefore, the valuations have been very attractive for all these corporate banks and there is an element of valuation based and an expectation that things will be better from now on if not worse that is causing some buying back into these counters.”
    Disclaimer
    : The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng