Bears hit banking shares on BSE

Tuesday, March 11, 2014

The country’s three largest banks traded in the negative on the stock market in the past few weeks. The investors adopted a risk-averse attitude towards the counters whose profitability is likely to take a knock in 2014.

Apart from the prevailing low interest rate regime which has squeezed margins, banks’ income steams will this year be further constrained by the recently announced central bank’s two year moratorium on commercial banks’ charges.

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