At 11.30 anticipation has built up for Banking
DSIJ Intelligence / 29 Feb 2016
The Finance Minister started his budget speech at 11 a.m.
The Finance Minister started his budget speech at 11 a.m. The banking recapitalisation is one of the criteria on his agenda. The bad loans are going overboard from a quite a long time for the industry. The focus for today’s speech will be on this sector. The Crop insurance received funds of Rs 5500 crore which may drive another stream of business for banking and financial sector. At 11.30 a.m. there is anticipation built up for banking and financial sector for further announcements related to healthy growth in near term. Meanwhile PSU banking stocks are sizzling; and private banks are dragging.
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