business

Inflation not a worry, banks to gain from rate hike: HSBC

While the country’s central bank took stern steps to curb inflation and hiked key rates by 50 bps, Arjuna Mahendran, the managing director and head of Asia investment strategy with HSBC Private Bank says that high inflation has never been a hurdle to the growth of corporate earnings and is meant to subside soon.

first published: May 3, 2011 04:54 pm