Reserve Bank Of India’s Tightening Steps And Negative Impact On Banking Sector
By Joseph Samson
Aug 27, 2013
Print    Email    RSS   

In recent times, the RBI is taking various steps to control the sliding of the Indian Rupee against the Dollar. This has broght negative impact on Indian banking sector, according to Mr. Mehraboon Irani. During the interview with the Economic Times, a question was asked about the HDFC and the HDFC Bank. Mr. Irani replied that the shares of the HDFC have come down to 775 from 925 and the HDFC Bank from 676-680 to 605. He said that the shares have fallen, but not as expected. He further said that he would for a while to sell, since the same trend will not be for a longer duration. He said that the day of 25th July is the bad day for the banking sector in the country. He said that that day would be remembered for many years.

Due to the steps taken by the Reserve Bank of India, banking sector has been severely affected. The RBI has allowed the banks to shift their bonds to the (12.58) category and this is just a bank adjustment, according to Mr. Irani.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

How to increase one’s Home Loan Eligibility
Carnival of Indian Personal Finance Blogs #4
The right age for home loans!
Manage your loans, avoid recovery agents
Are fixed home loan rates actually...

We give out loan of all kinds of loan in a very fast...
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive