Liquidity

Time to buy PFC & REC? Sandip Sabharwal would rather buy these 2 private sector NBFCs now

David Bale2 months ago011 mins

Sandip Sabharwal, asksandipsabharwal.com, says ‘PFC and REC’ is a story for two-three years later. Many investors will not look that long. Near term, the PSU bounce back could potentially continue. But if one has to buy NBFCs, go for more private sector ones, which have got battered like L&T Finance or Mahindra Finance which could…

CRR cut will lower cost of funds, help banks’ NIMs; growth to pick up Q3 onwards: Keki Mistry

David Bale2 months ago011 mins

Keki Mistry, Former VC & CEO, HDFC, says a combination of an improvement in the rural economy plus a pickup in the urban economy will drive growth much higher. Mistry expects that the GDP growth will be in the higher sixes range, 6.7-6.8% though RBI’s estimate is about 6.6%. Also, 50 bps CRR cut will…

Chief Editor

Larry Pali

CRR cut will lower cost of funds, help banks’ NIMs; growth to pick up Q3 onwards: Keki Mistry