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The RBI has raised the minimum daily CRR maintenance requirement to 99% from 90% from October 16 to curb banking system liquidity. Jefferies expects a limited impact on banks net interest margins, estimating a potential 1-2 basis point increase in funding costs. It prefers banks over NBFCs in a rising-rate environment…
Citing Nasscom estimates, the brokerage said India's GCC base could expand around 1.4 times by FY30, supporting office demand. However, rising office supply and interest rate hikes remain key risks for the sector.
Mukesh Jindal of Alpha Capital believes bank stocks are close to fair valuations, but not cheap across the board.