In an exclusive interview with CNBC-TV18, head of global markets — South Asia at Standard Chartered Bank, Hemant Mishr says that the Indian currency is “holding its ground” even as the equity market slips lower, as the “third worst performer after Egypt and Tunisia.”
Shailendra Bhandari, MD & CEO, ING Vysya Bank told CNBC-TV18 that he expects the base rate to likely go up by 25 bps. "Bank NIMs to be hit by 11 bps on savings rate hike while an increase in provisioning can lead to a hit of 10-15 bps," he adds.
Budget 2011 has paid no small attention to the infrastructure sector and the paragraph devoted to it hold both good, and some not so good news, report CNBC-TV18’s Anchal Gupta and Gopika Gopakumar.
One of the announcements of budget 2011 was increase in the limit up to which FIIs may invest in infrastructure bonds that have a residual maturity of over five years. Hemant Mishr of Standard Chartered Bank, in an exclusive interview talks about what raising of the limit really mean.
Hemant Mishr, Head Global Markets South Asia, Standard Chartered Bank, in an interview with CNBC-TV18’s Latha Venkatesh discussed if the rupee could depreciate further and if more losses were in the offing.