Banking Slump: A Collateral Damage?
  • Nikita Setia
  • Jul 26 2013

July 26: RBI’s liquidity tightening measures spurred a sell-off in banking stocks on fears of higher funding costs. Ramanathan K., ED & CIO at ING Investment Management, believes the panic in the economy is justified. “The unexpected liquidity tightening by RBI has reversed banks’ yield gains,” he says, but adds that the worst is over.