Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget

| More

Prioritised populism over fiscal prudence: Angel Broking

Posted On: 2019-02-02 12:23:23

Budget 2019 Reaction by Mr. Jaikishan Parmar (Sr. Equity Research Analyst - BFSI, Angel Broking Ltd)

"There are two things playing out for the banking sector from the Union Budget. On the hand, the higher fiscal deficit target set at 3.4% for 2018-19 and at 3.4% for 2019-20 will mean that the RBI may not be too keen to cut rates in the immediate future. However, on the positive side the commitment of the Finance Minister in his budget speech increase allocation for recapitalization to beyond Rs.2.60 trillion if required, will go down well with the banks. Also, banks have been assured that the government will continue to provide any capital required that is justified by the banks. Overall, banks should also benefit from the Kissan Samman Yojana where the farmers are being assured Rs.6,000 per year directly credited to their DBT bank accounts.

Specifically, in case of NBFCs, the benefit will be fairly large since they are often the last mile lenders on behalf of banks. The Kissan Samman Yojana will improve the last mile savings collections."


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Views on Interim Budget 2019 - Sangeeta Prasad, MD & CEO, Mahindra Lifespaces

Reaction on Interim Budget 2019 - AdvaMed

Reaction from Fintech and Payments industry on interim budget 2019

Interim Budget 2019 Reaction - Ashish Mehrotra, MD & CEO, Max Bupa Health Insurance

Interim Budget 2019 Reaction - Mr. Ramratthinam S - CEO, Muthoot Homefin India Limited

Budget could have had incentives for coworking sector

The Market Moves: Angel Broking

Interim Budget 2019 Reaction - Dr. Alok Roy, Chairman, Medica Hospitals Pvt Ltd

Budget Review - Acuité Ratings and Research

Interim Budget 2019 Reaction - Mr. Sanjay Chamria, Vice Chairman and Managing Director, Magma Fincorp Limited

A populist yet balanced budget with a grand vision: Srei

Interim Budget 2019 Reaction - Mr. Kushal Nahata, CEO & Co-founder, FarEye

Interim Budget 2019 Reaction - Mr. Parag Agarwal, Founder & CMD, Janajal

Interim Budget 2019 Reaction - Neel Juriasingani, Co-Founder & CEO, DataCultr

Interim Budget 2019 Reaction - Kumaresh Ramakrishnan, Head-Fixed Income DHFL Pramerica MF

Interim Budget 2019 Reaction - Raman Mittal, VP-Marketing, TO THE NEW

Interim Budget 2019 Reaction - Micromax

Interim Budget 2019 Reaction - Mr. Arun Thukral, MD & CEO, Axis Securities

Tax implications for the common man from Interim Budget 2019-2020: Angel Broking

Interim Union Budget 2019: A road map for developing India

Interim Budget 2019 Reaction - Mr. K. Ravichandran, Senior VP & Group Head - Corporate Ratings, ICRA

Focus on 'Healthy India' is the key takeaway: NATHEALTH

Comprehensive Wellness for Healthy India needs bigger collaborations

Big boost for consumer stocks: Angel Broking

A populist budget that gives major boost to the real estate sector

Interim Budget 2019 Reaction - Mr. Navneet Munot, Executive Director & Chief Investment Officer, SBI Mutual Fund

Interim Budget 2019 Reaction - Mr. Anuj Gulati, MD and CEO, Religare Health Insurance

Interim Budget 2019 Reaction - Power Sector - Mr. Sabyasachi Majumdar, Senior VP & Group Head - Corporate Ratings, ICRA

Interim Budget 2019 Reaction - Mr. Kamal Nandi, President - CEAMA and Business Head & Executive VP - Godrej Appliances

Interim Budget 2019 Reaction - Mr. Sabyasachi Majumdar, Senior VP & Group Head - Corporate Ratings, ICRA

Interim Budget 2019 Reaction - Epic Research

Interim Budget 2019 Reaction - Mr. Harsh Jagnani, Vice President & Sector Head-Corporate Ratings, ICRA

Interim Budget 2019 Reaction - Auto Components - Ms. Pavethra Ponniah, VP and Sector Head - Corporate Sector Ratings, ICRA

Interim Budget 2019 Reaction - Two-wheelers - Ms. Anupama Arora, VP & Sector Head - Corporate Ratings, ICRA

Post Budget Reaction 2019 - Sennheiser

Interim Budget 2019 Reaction - Tractors - Ms. Anupama Arora, VP & Sector Head - Corporate Ratings, ICRA

Interim Budget 2019 Reaction - Commercial Vehicles (CVs) - Impact: Neutral

Interim Budget 2019 Reaction - Sathguru Management Consultants

Interim Budget 2019 Reaction - Passenger Vehicle - Mr. Ashish Modani, VP & Co-Head, Corporate Ratings, ICRA

Interim Budget 2019 Reaction - Pharmaceuticals - Mr. Gaurav Jain, Vice President - Corporate Ratings, ICRA

Union Budget 2019: Empowering MSMES grows faster from Dinesh Agarwal, Founder and CEO, India Mart

Interim Budget 2019 Reaction - FMCG - Mr. Subrata Ray, Senior Group Vice President, ICRA

Interim Budget 2019 Reaction - Gold Jewellery Retail Industry - Impact - Neutral

Interim Budget 2019 Reaction - K. Ravichandran, Group Head, Corporate Sector Ratings - ICRA Ltd

Interim Budget 2019 Reaction - Shubham Jain, Group Head, Corporate Sector ratings - ICRA Ltd

Interim Budget 2019 Reaction - Mr.Anand Vilayannur, CEO & Co-founder, Tattva Mittal Group

Interim Budget 2019 Reaction - Balaji Rao, Managing Partner - Real Estate, Axis AMC

Interim Budget 2019 Reaction - Mr. H. P. Rama Reddy - Chairman, Reliaable Developers

Interim Budget 2019 Reaction - Mr. Snehashish Bhattacharjee, Global CEO, Denave

Reaction to Interim Budget 2019-2020 by Dr. Vikram Shah, CMD, Shalby Hospitals, Ahmedabad







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019