Sat, Apr 27, 2013 at 17:37
Banking stocks are likely to be in focus this week ahead of the Reserve Bank of India’s monetary policy review on May 3. According to a CNBC-TV18 poll, the central bank is likely to cut rates by 25 basis points (bps). Around 20 percent of the respondents see a cash reserve ratio (CRR) cut and nearly 80 percent expect banks to pass on the cut this time.
The BSE Bankex closed down 1.4 percent on Friday.
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