It is after the RBI policy that Banking stocks will remain in focus as they are likely to benefit the most from the measures announced by the Reserve Bank of India (RBI) on 15th April. The Banks shall be having surplus funds of about 7.00 lac crore after the reduction of 0.25% in Reverse Repo rate, which shall be at the disposal of the Banks to inject in the system. Which means that the Banks would be having additional funds in their hands to be disbursed in the shape of loans.
The other measure shall be refinance facility to be provided to the Banks to an amount of Rs.50000 crores, which shall be refinanced by NABARD, SIDBI and National Housing Bank for making advance by the Banks in the agriculture, MSME and Housing sectors respectively.
By Sanjeev Kumar Khanna (Financial Mentor)
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