Comprehensive up-to-date news coverage

HomeNewsBusinessMorgan Stanley's Sumeet Kariwala forecasts two consecutive rate hikes of 25 basis...

Morgan Stanley’s Sumeet Kariwala forecasts two consecutive rate hikes of 25 basis points, raising the base rate to 6.25% by March 2023

Published on

Follow us on Google News for latest updates and information.

News Tech: On June 6, the Monetary Policy Committee (MPC) kicked off a three-day meeting to determine the trajectory of interest rates and broader steps towards the next phase of the fight against inflation. Inflation has emerged as a top concern for Indian policymakers. Rate hikes are generally expected this time around. In an interview with Money Control on June 7, Morgan Stanley Bank of India analyst Smeet Kaliwala said the benchmark interest rate will be raised to 6.25% by March 2023 by 25 basis points (bps). said he expects a series of rate hikes.

Apart from that, Kariwala also talked about a number of topics including the ongoing merger of HDFC and his HDFC Bank, bad bank proposals, etc. What is your outlook for the Indian banking sector this year. We remain bullish on the Indian banking sector. The bad debt cycle has turned into a positive surprise for borrowing costs. Moreover, a gradual recovery in the macro economy coupled with rising interest rates will lead to higher earnings for Indian banks.

Competition is expected to intensify given rising interest rates, stronger growth potential, LCR regulation and increased consolidation. In our view, retail deposit growth is key to profitable growth and will be a key differentiator among Indian banks in the coming years. Indian bank balance sheets have improved significantly over the past two years despite the COVID crisis.

Latest articles

Check VRAM in Windows 11

In this article, we'll show you how Check VRAM in Windows 11. Similar to...

The Charlottesville-Albemarle Black Business Expo offers exposure and educational opportunities to black entrepreneurs

News Tech: The Charlottesville-Albemarle Black Business Expo promotes the growth of locally owned...

The finance vice president candidates discuss communication and openness in the second debate

In Science and Space: The candidates for vice president in the finance debate...

Nigel Clarke, Jamaica’s finance minister, wants to make the country a center for growth and development

News Tech: According to Dr. Nigel Clarke, Minister of Finance and Public Service,...

More like this

Check VRAM in Windows 11

In this article, we'll show you how Check VRAM in Windows 11. Similar to...

The Charlottesville-Albemarle Black Business Expo offers exposure and educational opportunities to black entrepreneurs

News Tech: The Charlottesville-Albemarle Black Business Expo promotes the growth of locally owned...

The finance vice president candidates discuss communication and openness in the second debate

In Science and Space: The candidates for vice president in the finance debate...

Nigel Clarke, Jamaica’s finance minister, wants to make the country a center for growth and development

News Tech: According to Dr. Nigel Clarke, Minister of Finance and Public Service,...

Turn off Search Suggestions in Google Chrome

Hello everyone, in this article we will show you how Turn off Google Chrome...

Shares of TPG RE Finance Trust ( NYSE:TRTX ) fell 8.9% last week as a three-year decline in earnings and shareholder returns continued.

News Tech: The primary goal of stock selection for many investors is to...