Bank Stocks Outlook for the week – 23 to 28.02.2015
( www.rupeedesk.in )
Bank
stocks are expected to be volatile ahead of contract expiry on Thursday, while
the overall bias remains negative. The Bank Nifty fell 1.5% from the previous
week to end at 19073.55 Yesterday.
We
are advised to investors to be cautious ahead of the Union Budget 2015-16,
scheduled for
Feb
28. With capital requirement set to rise towards Basel-III transition, PSU
banks will keenly await the government's roadmap on capital infusion for
2015-16.
Apart
from the capital raising roadmap, several changes in the banking space focusing
on asset recovery and revival of capital expenditure are expected, State Bank
of India said in a prebudget note.