Our view on Banking Sector--- Whenever an economy recovers from a setback, slow growth over past few years, better economic policies & overall better environment (domestic & international) the first to benefit is Banking sector. India in the past 2-3 years had been completely forgotten by FIIs due to policy paralysis at the government level, slow growth, now reforms etc. Now with Modi government future is looking very good ...Inflation is very much under control and might see an all time low ...Oil (India biggest trade import) is again very low , Policy push can be seen everywhere from Railways to small industries. There would be some correction in the coming months in the PSU banking shares but in the longer run they are poised to grow as Banking shares everywhere reflects the state and Health of the Economy. Worlds Strongest Economy in terms of fundamentals & past history is AUSTRALIA and even they depend on their BIG 4 Banks which are also called Pillars of the economy. SBI along with PNB , ICICI & HDFC are Indian pillars of economy
Posted on: Sat, 06 Dec 2014 07:09:47 +0000
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