Forum

banking will rock guys

With in 10 days, after budget.

Yes due to four Reasons, banking sector will rock. The first due to the spread rate consideration by NRB, the profit of banks will be high. Second the bank will be declaring their 4th quarterly progress by next week. Third the budget will definitely focus on the large scale infrastructure projects which will need a lot of capital to be injected in these projects. There will be provision for the opening of large scale commercial banks with very high paid up capital. Hence the existing commercial banks will also need to raise their paid up capital as per BASAL III. Fourth the price of the banks scripts are still undervalued especially of good commercial banks in the middle range. Hence due to these reasons and many more, Nepse will rise and so will the banking sector. The banking sector will rock for sure!

After budget on Sunday market boom in shrawan market will breach 1100 level, do you agree?