Homevideos Newsmarket Newsstocks News

    Marcellus Investment says potential RBI rate hike in October is the biggest challenge for financials

    videos | IST

    Marcellus Investment says potential RBI rate hike in October is the biggest challenge for financials

    Mini

    Marcellus Investment Managers on Friday said that potential Reserve Bank of India (RBI) rate hike in October will be the biggest challenge for financials.

    Marcellus Investment Managers on Friday said that potential Reserve Bank of India (RBI) rate hike in October will be the biggest challenge for financials.
    In an interview to CNBC-TV18, Saurabh Mukherjea, founder, said, "We have been saying this for long time on your channel that we are entering that phase in our country where rates are going up, the currency is under pressure, liquidity is tightening and that is a broad backdrop. I am not under playing the Dewan Housing Finance Corporation paper being sold by DSP at 11 percent, but I am not so sure how much importance we should attach to that."
    "People are holding non-banking finance companies (NBFC), housing finance companies (HFC), private bank stocks at 4, 5, 6, 7, 8 times prices to book and there is no earthy rationale for that. Because of these specifics jolts, like IL&FS and Dewan, if people sort of come to their sense so much the better, but the weightage of financials in the Nifty especially, wholesale funding financials is worrisome," he added.
    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