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New strategy of SBI can lower bank stocks

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To upgrade the economy the leading lending bank of the country State Bank of India (SBI) has recently introduced a new proposal for its customers in the form of teasing loan. The main points of this type of loan is to provide a lower interest to all the fresh applicants with just 8 percent for the initial year and later it will go according to the agreement as per the source of www.proepertykhazana.com.
Commenting on this issue many feels that it will hardly matter the market and customers will be keeping a safe distance from the lending counter besides these norms by the State Bank of India. Ramdeo Agarwal – a leading stock broker from Motilal Oswal investment Services has revealed that “the stock exchange have to pay the bill at the end of day after the new norms of the SBI in future”. He further adds that, now even the customers are not secured about their jobs and hence sure to affect the loan segment. Such moves by the banks is a clear cut indication of economic pressure on the banks and growth is still stable realty and other domestic circuit as stocks have come down to record low of 80 to 90 percent as per the source said at the www.propertykhazana.com.
Even the big names in the industry like DLF and Unitech is struggling with their monetary measures to over come the current situation which is declined up to 80 percent and at the same time Nifty and Sensex has toll down to 60 percent by the end of last economic readings. But on the other hand, MD of K R Choksey shares and securities - Deven Choksey states that “the current portfolio of the Indian economy is not as bad as it is been highlighted among the customers”. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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