Four continuous trading days in the support zone.
Most of the people thinking of Moratorium :-). As everyone knows, every penny have to be paid by the citizen of India either from left or right or top pocket. It is always better to get the interest from the borrowers rather than putting the burden on tax payers, as ultimately the borrowers enjoyed the benefit of money. If banks have been asked to bear the IO/interest cost, no other way they would increase the bank charges and interest charges thereafter, in order to fill up the gap/loss (to the extent) on this account, and going to move on. So eitherway, IMHO anybody don't think this is going to affect banking in India or the bankers. Impact for banks would be on short term, if any. Now that the banks are consolidated. My target min 30k by March 2021 (as Rural India doing good).
Anybody would not get so much investments, as every one knows, if war is going to happen, no one spends on Retail.
Disclaimer - the above for study purpose only. Please analyze the situation on your own.
Most of the people thinking of Moratorium :-). As everyone knows, every penny have to be paid by the citizen of India either from left or right or top pocket. It is always better to get the interest from the borrowers rather than putting the burden on tax payers, as ultimately the borrowers enjoyed the benefit of money. If banks have been asked to bear the IO/interest cost, no other way they would increase the bank charges and interest charges thereafter, in order to fill up the gap/loss (to the extent) on this account, and going to move on. So eitherway, IMHO anybody don't think this is going to affect banking in India or the bankers. Impact for banks would be on short term, if any. Now that the banks are consolidated. My target min 30k by March 2021 (as Rural India doing good).
Anybody would not get so much investments, as every one knows, if war is going to happen, no one spends on Retail.
Disclaimer - the above for study purpose only. Please analyze the situation on your own.